On December 8, 2024, the streets of Damascus broke out in a mixture of jubilation and uncertainty while Hay’at Tahrir al-Sham (HTS), an Islamist Sunni militia with roots like an al-Qaeda emanation, a regime of Bashar al-Assad after an 11-day offensive. Overnight, the transitional government of Syria, led by Commander of HTS, Ahmed Al-Sharaa, came … Read more
Prime Minister Shaybaz Sharif granted the full power of the Federal Revenue Council (FBR), FBI and Intelligence Office (IB) to take action against those in the sugar industry who collected an estimated 140 billion rupees in unjustified profits, according to a news report. As part of a strategy in two phases, government officials and intelligence … Read more
Islamabad: Prime Minister Shaybaz Sharif announced an increase of 10 rupees per liter in the oil tax on Saturday, which represents a 17 % increase to 70 rupees per liter. Despite this rise, gasoline and diesel prices will remain unchanged, as gasoline price is 255.63 rupees per liter and high -speed diesel at 258.64 rupees … Read more
IslamabadThe government is scheduled to submit a law for bankruptcy to help companies, especially in reviving the troubled industrial units, according to Aaron Aarkh Khan, a special assistant to the Prime Minister for Industries and Production. Speaking at a session in the Chamber of Commerce and Industry in Lahore (LCCI), Khan stressed that restoring work … Read more
The Prime Minister’s office announced that the government decided to maintain oil prices without change while taking advantage of the financial space available to reduce the electricity tariff. This step aims to bring direct relief to the public amid high inflation and economic challenges. Instead of lowering fuel prices, the government focuses on lowering the … Read more
The Railways Minister Hanif Abbasi announced that the federal government is considering financing the main ML-1 railway project (ML-1), which has long been delayed with its own resources if external financing is not achieved. Speaking at the Lahore Railway Station, he admitted that the discussions about the ML-1 have remained for years and stressed the … Read more
The federal government has approved 14 billion rupees to transport agricultural pipes in Balochistan to solar energy as part of efforts to reduce dependence on traditional electricity and circular debts in the energy sector. During a meeting of a guidance committee chaired by Deputy Prime Minister Mohamed Ishaq Dar, officials reviewed the progress of the … Read more
IslamabadOn Monday, the federal government decided to import raw sugar (Shakkar) to stabilize the country’s sugar prices and provide relief to consumers. Shakkar will help reduce the country’s sugar prices, according to the government’s press statement here. Importing raw sugar will also help increase the production of sugar in the future as it can be … Read more
Islamabad: Prime Minister Shaybaz Sharif said that the government will merge women associated with home industries and small companies in the SME sector (SME). The International Women’s Day was announced during a review meeting on continuous reforms under the SMEDA Development Authority. Speaking at the meeting, the Prime Minister stressed the need for women’s economic … Read more
Pakistan has informed the International Monetary Fund (IMF) that it is expected that the economy will grow by 3.1 % in the current fiscal year, with a largely balanced current account supported by increased transfers. According to reports, the government plans to continue economic stability policies in the coming fiscal year with a higher growth … Read more