The decision of Economic Coordination Committee to shelve all the LPG air mix plant projects is surely a setback to the process of developing remote areas of the country where energy resources could not be provided through conventional means.The LPG air mix plants were meant to provide the poor with a clean, environmental friendly, cheap and safe resource of energy besides uplifting of country’s remote area in Balochistan, Northern Areas and AJK. Baluchistan was first deprived of Sui Gas and now even Synthetic natural gas (SNG) by the vested interest.LPG Air…
Read MoreDay: May 4, 2020
GDP Growth Can Decline to -3pc
ISLAMABAD: Governor State Bank of Pakistan (SBP) Dr Reza Baqir has reportedly projected GDP growth between -2 per cent to -3 per cent if lockdown continues for 60 days, well informed sources told Business Recorder. He shared his projections for Q4 of current financial year and the projections for FY 21 at a recent meeting held to discuss post Covid 19 effects on macroeconomic outlook. Prime Minister’s Advisor on Finance and Revenue, Dr. Hafeez Shaikh presided over the meeting. Governor State Bank of Pakistan, Dr Reza Baqir informed the meeting…
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