Author: Admin

IMF ‘satisfied’ with Pakistan’s significant progress in economic goals

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IMF-board

Separate meetings of finance minister, SBP governor, energy minister also scheduled with IMF team The introductory review meeting between Pakistan and the visiting delegation of the International Monetary Fund (IMF)  has concluded at the Finance Ministry. The visiting IMF mission was headed by Nathan Porter, and further talks between the two sides will be held in a local hotel. According to sources, the Pakistani team informed the Fund about the country’s economic performance in the current financial year, and also expressed the desire to negotiate for a new deal after completing the…

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SSGCL accuses ‘front men’ of creating LPG shortages

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ssgc-ae

ISLAMABAD: The Sui Southern Gas Company Ltd (SSGCL) on Thursday accused ‘front men’ of Liquefied Petroleum Gas (LPG) market operators of making complaints before the government institutions to block state-owned entities’ retail business for creating shortages and black marketing the product for personal gains.“Most of the complainants are self-proclaimed stakeholders and they themselves do not have any stakes in the LPG market yet they have invariably been involved in making false allegations against SSGCL and its subsidiary SSGC LPG Ltd (SLL),” a statement issued by SSGCL said.“Quite clearly these false…

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Free Trade Agreement likely in Iran president’s visit to Pakistan: envoy

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pak-iran

ISLAMABAD: Iranian Ambassador Dr Reza Amiri Moghadam said on Thursday that a Free Trade Agreement (FTA) is likely to be finalised in the upcoming visit of Iranian President Ebrahim Raisi to Pakistan.Addressing the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI), the Iranian envoy said the FTA would increase mutual trade and several bilateral economic and trade agreements would also be signed during the visit.He also said that the two countries need to have strong air, maritime and sea links, which will strengthen the…

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Curtain rises on five-year plan for economic revival

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Musadik-Malik

Ms Khawaja, who attended the meeting, said the committee, after getting the required information from the ministries and divisions, would prepare a consolidated document carrying five-year targets for all sectors. She said several meetings would be held soon on the five-year roadmap.Earlier, speaking at the meeting, the prime minister said consultation should be held on the plan with all stakeholders of different sectors of economy.“Without wasting any time, implementation of projects for the economic stability and progress of the country should be ensu­red,” PM Shehbaz said, according to an official…

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FRENCH DEPUTY HEAD OF MISSION EXPRESSES INTEREST IN ENERGY SECTOR INVESTMENT IN PAKISTAN

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ENERGY-SECTOR

In a recent meeting, the French Deputy Head of Mission (Guillaume Dabouis) called on the newly appointed Minister of Energy, Dr. Musadiq Masood Malik, to discuss potential avenues of collaboration in Pakistan’s energy sector. During the meeting, French officials expressed France’s keen interest in investing in various aspects of Pakistan’s energy landscape, ranging from LNG cargo provision to energy resource exploration, and projects aimed at enhancing energy trading, distribution, and transmission within the country. Additionally, the French delegation has conveyed their interest in initiatives directed towards reducing line losses and…

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