Category: Highlights

PM Shehbaz Sharif hands over ECC to finance minister

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finance-minister

ISLAMABAD: Only a day after announcing formation of seven committees of the cabinet, Prime Minister Shehbaz Sharif has decided to hand over the chairmanship of the Economic Coordination Committee (ECC) to Finance Minister Muhammad Aurangzeb, sources in the government told Dawn. The prime minister, however, will continue to head the Cabinet Committee on Energy (CCoE), they said, adding the prime minister took the decision at a meeting on Saturday. Confirming the development, a senior member of the cabinet told Dawn that the prime minster had regretted he would be unable to chair the ECC meetings…

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‘Longer IMF programme could lead to debt trap’

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IMF-board

Dr Ashfaque Hasan Khan warns against IMF dependency, calls for domestic reforms KARACHI: NUST Institute of Policy Studies (NIPS), Director General, Dr Ashfaque Hasan Khan, has stated that Pakistan should seek the new International Monetary Fund (IMF) loan package of $3-4 billion for a maximum period of three years, as a longer and larger programme would be an economic disaster, potentially making Pakistan another Argentina, which is stuck in a debt trap. In a set of recommendations on the subject ‘Pakistan’s Economic Crisis: Challenges and The Way Forward’, Khan noted…

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Reko Diq to be a game changer for region: PM

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Reko-Diq

Reko Diq to be a game changer for region: PM March 25, 2024 ISLAMABAD: Prime Minister Shehbaz Sharif Friday said that the Reko Diq project would prove to be a game changer for the development of Balochistan and the region.Talking to a delegation of Barrick Gold Company led by Chief Executive Officer Mark Bristow, the prime minister said: “This project will usher in a new era of development of the province and prosperity of people.” He said planning would be made regarding communication infrastructure, especially railway lines, to take full…

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Topping the global most powerful string inverters ranking- Hopewind leads the innovation in utility-scale PV

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hopewind

Hopewind’s 330-385kW series string inverters are recognized as the world’s most powerful string inverters after a throughout market research conducted by Solarbe Global, a well-known PV industry media. The dominance of utility-scale PV in global PV installations is indisputable, as it emerges as a key catalyst in achieving the net-zero target by 2030. Projections by BNEF reveal a remarkable growth trajectory, with utility-scale PV installations poised to soar from 920 GW in 2023 to an astounding 2,707 GW by 2030. Concurrently, a silent revolution is unfolding in the utility-scale solar…

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No Need for US Waiver to Build Gas Pipeline With Iran, Pakistan Says

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Pakistan said Thursday that it does not need a waiver from U.S. sanctions to build its portion of a pipeline to import natural gas from Iran. “It is a segment of the pipeline which is being built inside Pakistani territory. So, we do not believe that at this point there is room for any discussion or waiver from a third party,” Mumtaz Zahra Baloch, the Pakistani Foreign Ministry spokesperson, said in response to a VOA question at the weekly news briefing. Donald Lu, U.S. assistant secretary of state for South…

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