Islamabad: Federal Commerce Minister Jam Kamal Khan hosted a special dinner last night in Seoul to honor prominent Korean businessmen, investors and donors to Pakistan. This event came as part of his three-day official visit to South Korea with the aim of strengthening trade and investment relations between the two countries, according to a press … Read more
Prime Minister Shehbaz Sharif on Tuesday stressed the need for further cuts in Pakistan’s interest rate, indicating that it could be cut by an additional 8 percentage points despite the recent cut to 13%. “I would like the interest rate to be reduced again to 6%,” he said while addressing a ceremony held at the … Read more
Prime Minister Shehbaz Sharif has ordered an investigation into the illegal reinstatement of officers fired for corruption at Lahore Electric Supply Company (LESCO). A high-level committee has been formed to investigate these allegations, and is expected to reach its conclusions within 10 days. According to its notification, the committee called on the management of Lesco … Read more
Planning Minister Ahsan Iqbal directed a medium-term framework for the liberalization of the sugar industry in Pakistan, stressing the need for data accuracy, crop zoning and backward integration to enhance productivity and export potential. Iqbal, who chaired a meeting of the Prime Minister’s Committee on Sugar Storage, Forecasting and Planning, stressed the importance of effective … Read more
Prime Minister Shehbaz Sharif on Wednesday praised Pakistan’s ability to achieve economic stability and achieve fiscal targets despite ongoing political turmoil and attempts at destabilization. Addressing the Federal Cabinet meeting, the Prime Minister highlighted important milestones in resource mobilization, trade efficiency, and anti-smuggling efforts. Prime Minister Shehbaz said: “The protests tried to derail the economy, … Read more
Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more
Prime Minister Shehbaz Sharif on Tuesday unveiled “Uran Pakistan: Domestic National Economic Plan 2024-2029”, which aims to address the economic challenges faced by Pakistan through a targeted framework called “The Five”: Exports, e-Pakistan, Equality and Empowerment, Environment and Equality. . Food security, energy and infrastructure. Speaking at the launch ceremony in Islamabad, Prime Minister Shehbaz … Read more
Federal Minister of Finance and Revenue, Senator Muhammad Aurangzeb, on Sunday reiterated his government’s commitment to promoting export-led growth, identifying agriculture and information technology as twin sectors to drive sustainable economic growth in Pakistan. Speaking to farmers and stakeholders in Kamalia (Toba Tek Singh), Aurangzeb emphasized that agriculture and IT are crucial to Pakistan’s economic … Read more
Prime Minister Shehbaz Sharif expressed grave concern over the delay in appointment of CEOs of electricity distribution companies and directed the authorities to expedite the process with full transparency. The premier, who chaired a review meeting on the disco’s performance on Saturday, stressed that recruitment should be strictly merit-based, with malpractice not tolerated. The meeting … Read more
Former Indian Prime Minister Manmohan Singh, who died at the age of 92 on Thursday, launched a transformative liberalization of the state-controlled economy during the 1991 currency crisis, setting the country on a long-term path to recession. Faster growth And increasing global influence. When Singh was finance minister from 1991 to 1996, he overcame entrenched … Read more