Category: Highlights

SIFC Should Push for Safe Cities for FDI SuccessIntegrated National Command & Control (IC3) NeededNoman Said

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SIFC

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 funds, safe cities should be planned in a way that they can be integrated to other safe cities at any later stage – be it on a divisional, regional ,…

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Petrol Prices Expected to Surge to Rs290 Ahead of Eid, Diesel Rates Likely to Decrease

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Petrol-price

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 Rs280 per litre, and with the upcoming review, it could surpass Rs290 per litre. This price surge is attributed to a $4 per barrel increase in the import price of…

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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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Gulf Nations Eye Purchase of Pakistan’s National Carrier, PIA

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PIA-Airlines

Saudi Arabia, the United Arab Emirates, and Qatar have emerged as prospective purchasers for Pakistan International Airlines (PIA), displaying keen interest in acquiring the country’s flagship carrier. This development unfolds against the backdrop of the Pakistani government’s push to privatize PIA as part of its efforts to tackle financial challenges. Government officials have reportedly engaged in discussions with top-level representatives from these Gulf nations, providing them with comprehensive briefings on the potential acquisition. Insider sources disclose an escalation in communication between authorities from the Gulf region and the Pakistani government…

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