IslamabadAfter a decade of the launch of the China -Pakistani economic corridor (CPEC) and the following 78 review meetings, it is still clear that Jawadar, the focus of this initiative, which is worth billions of dollars, is still struggling with the absence of the basic infrastructure, especially the reliable clean and electrical water. The last … Read more
A new report reveals that about a billion Indians do not have the financial ability to spend on goods or estimated services, although India reaches 1.4 billion people. The results, shared by the BBC, come from a report issued by the Blume Ventures, which is the investment capital company, highlighting the country’s consumer scene. According … Read more
Parliamentary Secretary for Finance, Saad Waseem Sheikh, stated that the government has no plans to introduce additional taxes to cover a shortage of 386 billion rupees in tax collection. He stressed that efforts are underway to fulfill the goal of revenue for the current fiscal year. During the National Assembly questions, Mehreen Razak Bhutto has … Read more
A severe shortage of basic medical devices, including diagnostic groups, surgical tools, implants and monitoring equipment, began to disrupt health care services throughout Pakistan, as customs authorities continue to ban shipments at entry points due to ending organizational exemptions. According to a report, the case stems from SRO 224 (1) 2023 on December 31, 2024, … Read more
A total of 229 industrial units in Khyber Pakhtunkhwa have stopped working due to increasing unrest and insufficient government support. Of these, 177 units were closed in Khyber Pakhtunkhwa Economic Zones Management and Development Corporation (KPEZMEC) and 52 units in Jadon Economic Zone, ARY News reported citing sources. Despite these closures, 2010 units remain operational … Read more
Former Interim Privatization Minister Fawad Hassan Fawad on Sunday expressed his surprise at the Cabinet’s approval to start the privatization process of Pakistan International Airlines with a sole bidder. “What is the need for bidding if there is only one bidder, and he has no background in aviation? This process has damaged the entire privatization … Read more
Finance Minister Muhammad Aurangzeb addresses a press conference a day after the release of the country’s annual federal budget for the fiscal year 2024-25 in Islamabad on June 13, 2024. — AFP “We are very keen to join BRICS,” says Muhammad Aurangzeb. Finance czar says Islamabad wants to join trade organisations. Financing climate change resilience … Read more