Month: March 2024

FM Aurangzeb Aims for New IMF Deal by End of June, Reports Progress on Privatisation

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pak-imf

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 a “larger and longer programme.” To further these negotiations, Aurangzeb announced plans to lead a delegation to Washington around mid-April, specifically on April 14 to 15. These talks are crucial…

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Dr. Gohar Ejaz appointed as Head FPCCI-PERG Think Tank

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Gohar-Ejaz

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 and investments. Atif Ikram Sheikh maintained that the entire business, industry and trade community of Pakistan is united for the economic revival of Pakistan; and, being the apex body, FPCCI…

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Pakistan to set up ‘zero plastic waste’ cities along Indus river

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plastic-waste

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 tackle the pressing environmental challenge posed by plastic waste in urban centers. The event was held at the UN headquarters to mark the International Day of Zero Waste. Under the…

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Toxic emitters

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Toxic-emitters

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 curb such violations. It is unacceptable that so many industrial units are operating without proper air and wastewater abatement technologies, jeopardising the health of Islamabad’s water channels and the quality…

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Govt plans to accelerate minerals mining

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Reko-Diq

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 efforts for the exploitation of minerals in the country.Balochistan is rich in mineral resources where all-out efforts are being made to expedite mining activities after an out-of-court settlement with a…

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