Industrialists and exporters welcomed the decision of the federal government to reduce the tariff of power, but they called for more cuts to ensure the competitiveness of the industry in the global market. They assure that although this step is a positive step, it does not significantly reach the challenges facing companies. Zubair Tuffail, a … Read more
Islamabad: The Minister of Petroleum, Mossadik Malik, revealed the government’s ambitious strategy to achieve self -sufficiency and advance economic growth through innovation in the sector, according to Pakistan Radio. Speaking in an event in Islamabad on Thursday, Malik participated that technological developments in the OGDCL Development Company (OGDCL) led to a noticeable increase in production, … Read more
The Standing Committee on Trade of the National Assembly stressed the need to recover dues owed by the federal and provincial governments, during its seventh meeting today, Saturday. The committee, headed by Muhammad Jawad Hanif Khan, reviewed export strategies and discussed ways to enhance trade competitiveness. The Ministry of Commerce briefed the Committee on the … Read more
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
Security officers accompany former Prime Minister Imran Khan during his appearance at the Supreme Court in Islamabad in this undated photo. – Reuters Letter written by Kim Johnson at the request of PTI’s Zulfi Bukhari. “Khan’s arrest represents a serious threat to democracy.” Lawmakers express concerns about constitutional amendment. LONDON: As many as 20 British … Read more
JUI-F President Maulana Fazlur Rehman speaks to the media with PTI Chairman Gohar Ali Khan in Islamabad on October 18, 2024. – Screengrab via YouTube/Geo News Fazal warns that JUI-F will reject the initial draft if it is submitted again. PTI cannot remain informed of constitutional amendment, says PTI. Demands that the government increase its … Read more
A power transmission tower in Karachi on January 24, 2023. — Reuters IPPs must terminate contracts once the modalities are finalized. The government will provide up to Rs 150 billion in terms of capacity payments. The current administration is negotiating the dues owed to independent energy buyers. ISLAMABAD: At a time when the current … Read more