KARACHI (March 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Finance Mohammad Aurangzeb have agreed to collaborate in order to attract foreign investment and boost exports, thereby enhancing the financial stability of the province in general and of the country in particular.This emerged in a meeting between the two here at CM House on Saturday. The…
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Renowned international safe cities consultant, Noman Said, has stressed that now is the time for Pakistan to get the safe cities right at the planning stage; as 18 projects are underway or being planned in Punjab alone; and, Karachi Safe City mega project has also been initiated. Noman Said added that based on his experience, in order to safeguard public…
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The Economic Affairs Division (EAD) has issued directives to the National Transmission and Despatch Company (NTDC) to accelerate construction work on Lot-1, Lot-2, and Lot-3 of the Dasu hydropower project, aiming for completion by the end of December 2025. In a recent meeting chaired by Economic Affairs Minister Ahad Cheema, various stakeholders including the World Bank, ADB, and other agencies…
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The Neelum-Jhelum Hydropower Plant has achieved a significant milestone by generating 969 megawatts (MW) of electricity at its full capacity, following the resumption of power generation earlier this month after inspection of its tail race tunnel. The project, located on the Neelum River in Azad Jammu and Kashmir (AJK), resumed electricity production after a comprehensive examination of its tunnel during…
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As Eidul Fitr approaches, petrol prices in Pakistan are anticipated to increase by approximately Rs10-11 per litre on March 31, primarily due to higher import premiums and global market prices. Conversely, the price of high-speed diesel (HSD) is expected to decrease by up to Rs2 per litre during the same period. The current ex-depot price of petrol stands at around…
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Finance Minister Muhammad Aurangzeb has set ambitious targets, aiming to secure a staff-level agreement (SLA) with the International Monetary Fund (IMF) by the end of June. He expressed optimism during an appearance at the Pakistan Stock Exchange (PSX) gong ceremony, noting that while there have not been final discussions with the IMF yet, the global lender has shown receptiveness towards…
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Karachi: Atif Ikram Sheikh, President FPCCI, has constituted a high-profile think tank of the apex body – comprising the nation’s top economic minds, governance specialists, industrialists, entrepreneurs, investors and exporters. The body will be called FPCCI’s Think Tank on Pakistan’s Economic Revival & Growth (FPCCI-PERG); and, will be chaired by Dr. Gohar Ejaz, former caretaker federal minister for finance, revenue…
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UNITED NATIONS: Pakistan has informed a UN environment meeting that it plans to establish zero plastic waste cities along the Indus River to combat the pervasive issue of plastic pollution. Revealing details of the plan to the world body, Pakistan’s UN envoy Munir Akram stated that it forms a crucial component of the broader ‘Living Indus Initiative,’ which seeks to…
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IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad. While the Pakistan Environmental Protection Agency deserves appreciation for its survey of 270 industries across I-9, I-10, GT Road Sang Jani, and Kahuta Triangle Industrial State that brought the issue to light, there is a pressing need for more robust measures to…
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ISLAMABAD: The government has planned to set up a new dedicated Mines and Minerals Division as part of efforts to accelerate mining activities to give a big push to Pakistan’s economy.This is in line with the attempts made in the previous tenure of Pakistan Democratic Movement (PDM) government, which strived to establish the Mines and Minerals Division to ramp up…
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