The Ministry of ICT has prepared a ‘Semiconductor Policy and Action Plan’, which proposes wide-ranging incentives for the development of the semiconductor industry in Pakistan. However, the move runs counter to the IMF’s conditions under the Extended Fund Facility (EFF), which prohibits subsidies and low-cost financing. The draft policy proposes giving Special Technology Zone (STZ) … Read more
In this photo, the State Bank of Pakistan building in Karachi can be seen. – SBB/website Macroeconomic conditions in Pakistan improved during FY 2023-24 due to a range of reasons, including successful engagement with the IMF. In its annual state of Pakistan’s economy report for the fiscal year 2023-24, the State Bank of Pakistan (SBP) … Read more
England coach Brendon McCullum during training at Lord’s Cricket Ground, London, Britain, August 16, 2022. — Reuters England coach Brendon McCullum has warned his team that replicating their 2022 success in Pakistan in the three-match Test series which begins on Monday will be a difficult task in the “rising” Multan heat. England’s 3-0 2022 win … Read more