The Competition Commission of Pakistan (CCP) held a high-level publication session at its head office to present the findings and recommendations of its recently published report. Study evaluating competition in the energy sector. The session was chaired by Central Control Committee members Mr. Saeed Ahmed Nawaz, Mr. Salman Amin and Ms. Bushra Naz Malik, with … Read more
The Water and Power Development Authority (WAPDA) has concluded a Rs1.14 billion contract for Institutional Assessment and Reforms Consulting (IARC) with a group of international and local companies. The consortium includes France-based Ginger Sofrico, Uruguay’s GME, and Pakistan’s Warm Waters Advisory. IARC is a World Bank-funded project with a total value of Rs 1.14 billion. … Read more
Prime Minister Muhammad Shehbaz Sharif was informed that more than 200 business-to-business (B2B) business agreements, along with memorandums of understanding worth $70 million, have been signed with several Chinese companies, according to APP. The Prime Minister chaired a review meeting to assess the progress of ongoing projects and various initiatives under the Board of Investment, … Read more
Islamabad: As the government intensifies efforts to re-evaluate agreements with independent power producers amid rising electricity tariffs, Special Assistant to the Prime Minister on Energy Mohamed Ali accused energy companies of obstructing regulatory audits. Speaking on a talk show, Ali criticized independent power producers for resisting attempts by regulators to review their operations. He stressed … Read more
Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Monday briefed the Director-General of Humanitarian Affairs and Development at the UK Foreign, Commonwealth and Development Office, Ms. Melinda Bohannaun, on the government’s stabilization and structural reforms programme. According to a press release issued by the Ministry of Finance, during the meeting with the … Read more
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has rejoined the International Organization of Pensions Supervisors (IOPS) as a governing member, reaffirming its commitment to strengthening the pension sector in the country. This renewed membership underscores the Pakistan Securities and Exchange Commission’s focus on adopting global best practices to strengthen retirement income systems in … Read more
A technician works on ceramic insulators at a power transmission tower in Karachi on December 7, 2018. — Reuters Monopoly by state-owned enterprises restricts private sector entry, increases costs: CCP. The report stresses the necessity of privatization and switching to competitive prices. He laments transmission and distribution losses and aging infrastructure. ISLAMABAD: Pakistan is in … Read more
Prime Minister Shehbaz Sharif (left) and Pakistan Peoples Party Chairman Bilawal Bhutto Zardari. – Product ID Prime Minister Shehbaz credits coalition partners for passing the 26th Amendment. Bilawal pledges to work with PML-N to strengthen democracy and parliament. The twenty-seventh amendment will be presented after the development of consensus: Rana Sanaullah LAHORE: In the wake … Read more
The Pakistani delegation (left) meets with the IMF team in Washington, D.C., on October 22, 2024. — App FinMin Muhammad Aurangzeb leads the Pakistani delegation. They hold a meeting with senior official at the International Monetary Fund, Jihad Azour. A delegation thanks the International Monetary Fund official for approving a loan worth $7 billion. A … Read more
IMF Managing Director Kristalina Georgieva leaves after delivering a speech on global economic outlook and policy priorities ahead of the 2024 IMF and World Bank Group Annual Meetings in Washington, D.C., October 17, 2024. “Rising protectionism and trade restrictions fracture the global economy.” Global trade is no longer the engine of growth it once was: … Read more