Author: Admin

New Petroleum, Privatization Ministers Appointed

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New-Project49

Ali Pervaiz Malik, formerly a junior finance minister, will now lead the petroleum ministry, with a key task of overseeing a major transaction in the Reko Diq copper and gold project.¹ This project is a significant undertaking, with Barrick Gold, which owns 50% of the project, working with railway authorities to revamp Port Qasim’s coal terminal for copper transport. Meanwhile, Muhammad Ali has taken over as adviser for privatization, a role that will focus on privatizing state-owned enterprises, including the debt-ridden airline PIA. This effort is essential for raising funds…

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PAGE Foundation Partners with PARCO Gunvor Limited to Champion Girls’ Education

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Total-Parco1

PAGE Foundation is proud to collaborate with PARCO Gunvor Limited (formerly Total PARCO Pakistan Ltd.) in advancing girls’ education and educational equity across Pakistan. Through mentorship, capacity building, and impactful initiatives focused on road safety and environmental stewardship, this partnership aims to create a meaningful, lasting impact on the lives of young girls. On International Women’s Day, PAGE Foundation marked a significant milestone by signing an MOU with Mr. Asif Iqbal, CEO of PARCO Gunvor Limited, reinforcing our shared commitment to breaking barriers and fostering inclusivity. Together, we are shaping…

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IMF Talks: Pakistan to Reduce Net Metering Rates by 63%

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Net-Metering

The government has proposed a significant cut in the rate at which electricity is purchased from net metering users, from Rs27 per unit to Rs10 per unit, a reduction of Rs17 per unit.¹ This proposal was shared during ongoing talks with an International Monetary Fund (IMF) mission. The net metering system allows consumers who generate their own electricity, typically through solar panels, to sell excess power back to the grid. This not only reduces their electricity bills but also encourages the use of renewable energy sources. However, the IMF has…

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Pakistan & the IMF: A Cycle of Dependency or a Path to Reform?By Asad Ali Shah

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New-IMF

Amid ongoing economic and political uncertainty, Pakistan finds itself at a crossroads—struggling to navigate its 25th IMF program while confronting deep-rooted structural challenges. While IMF programs provide short-term stabilization, they fail to address the real cause of Pakistan’s deepening insolvency—our lack of productivity and innovation to drive export-led growth. Instead of making the economy more competitive, these programs lead to policies that further erode our global competitiveness, leaving Pakistan more dependent on external support rather than fostering self-sustaining growth. I had the privilege of discussing these critical issues with Dr.…

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NBP Pledges to Accelerate Action on Gender Equality on International Women’s Day

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New-NBP

Karachi (Mar 07, 2025): National Bank of Pakistan commemorated International Women’s Day by inviting Dr. Shehla Najeeb Sidiki, Dean of Faculty of Liberal Arts and Human Sciences Ziauddin University, Karachi and Muqaddas Abdul Rasheed, a young football player from Lyari to a session at NBP Head Office, Karachi. The session was attended by female staff of the Bank, including many who are part of the senior management. Mr. Rehmat Ali Hasnie, President & CEO NBP, Mr. Asim Baig, Group Head HRMG NBP, and the senior leadership team of the Bank…

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