The Pakistani Business Council (PBC) has warned that the aim of the government to achieve $ 60 billion of exports by 2027 may not be fulfilled after a sharp increase in gas prices for captive power plants (CPPS). The government raised gas prices for CPPS through a presidential decree issued on Sunday, which increased the … Read more
Islamabad: Pakistan will request an estimated $ 348 billion of investments between 2023 and 2030 to meet the challenges of climate change, the World Bank said. The urgent call for a comprehensive climate financing strategy comes as the country is wrestling with the increasing environmental risks and disasters. In the fifth rank ranked fifth of … Read more
The Vice President of the World Bank of South Asia, Martin Razer, warned that the $ 20 billion that has been pledged under the Rural Partnership framework (CPF) will not be sufficient to achieve the Pakistani ambitious development goals for 10 years, which confirms the need to mobilize additional resources. In a statement after his … Read more
ISLAMABAD: The Pakistan Tobacco Board (PTB) has urged Finance Minister Senator Muhammad Aurangzeb to reconsider the Federal Cabinet’s decision to dissolve the organization and transfer its core functions to regional authorities. In a letter to the Finance Minister, PTB officials condemned the move, calling it unconstitutional and illegal. They say that the decision to dissolve … Read more
The National Accountability Bureau (NAB) has advised the general public to avoid investing in the new real estate project in Bahria Town in Dubai, stating that the government of Pakistan is approaching the UAE authorities through legal channels seeking extradition. Malik Riad. According to a press release carried by the state Radio PakistanNAB is conducting … Read more
The Khyber Pakhtunkhwa government has expressed dissatisfaction with the slow progress of the 300 MW Balakot Hydropower Project in Mansehra and the 69 MW Lawi Hydropower Project in Chitral. A notice will be issued to contractors for both projects warning them to speed up construction or face further action. In a special meeting chaired by … Read more
IslamabadState Bank of Pakistan Governor Jamil Ahmed expects a temporary rise in inflation over the next three to four months, after a period of relief brought about by policy measures. Speaking on a television program on Monday, Ahmed attributed the expected rise to the “end of fundamental effects” and other upcoming factors. The governor stressed … Read more
Islamabad: Daniel Castro, vice president of the Information Technology and Innovation Foundation (ITIF), warned on Thursday that internet restrictions in Pakistan may provide short-term political advantages but could lead to long-term economic instability. Speaking to a group of journalists during a session organized by the US Embassy in Pakistan, Castro described the country’s approach to … Read more
Islamabad: The Chairman of the Pakistan Telecommunication Authority (PTA) informed the Senate Standing Committee on Information and Communications Technology on Monday about the huge arrears owed by Long-Distance International (LDI) companies. Out of fifteen LDI companies, ten companies paid a total of Rs. 10 billion, leaving Rs. 24 billion unpaid and the accumulated late fees … Read more
JUI-F Senator Kamran Murtaza speaks in the Senate. – Screenshot via Facebook @juipakofficial Kamran Murtaza says the government is on its way to “destruction.” The JUI-F senator is unhappy with the government seeking another amendment. He says the government’s attempt to make another amendment is unlikely to yield results. Amid speculation that coalition partners are … Read more