Category: Highlights

The Indonesian coal industry is well refined and it can provide coal to Pakistan for power projects being developed under the China-Pakistan Economic Corridor (CPEC), said Indonesian Ambassador to Pakistan Adam M Tugio. In a meeting with prominent businessmen in Lahore on Tuesday, the ambassador said that his country could also provide coal to the domestic large-scale manufacturing sector. The meeting was aimed at promoting bilateral cooperation and enhancing import of Indonesian coal by Pakistan. He pointed out that the government of Pakistan was paying special attention to the development…

Read More

The Cabinet Committee on Economic Affairs approved the draft of “Export Policy 2021-2024” on Wednesday (12 January), setting the $80 billion export target for FY2024. Export target for the fiscal year 2021 was $60 billion. “All exporters will get uniformed facilities. Besides we will provide policy supports regarding challenges over 4IR,” Finance Minister AHM Mustafa Kamal said in the virtual meeting of the committee. He also said, “The government will emphasize on recycling, research and development.” Regarding Planning Minister MA Mannan’s concern that Bangladesh might fall in the middle-income trap,…

Read More

bp and the Ministry of Energy and Minerals in Oman today signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030. As part of the agreement, bp will capture and evaluate solar and wind data from 8,000km2 of land – an area more than five times the size of Greater London. The evaluation will then support the Government of Oman in approving the future developments of renewable…

Read More

In the words of the first ever National Security Policy 2022-26 (NSP), “Pakistan’s vital national security interests are best served by placing economic security as the core element of national security.” While critics may contend that merely putting pen to paper does not ensure the implementation or otherwise of an NSP or that it contains the theoretical framework that is available to any student of national security yet the economic centricity of Pakistan’s national security is an acknowledgement of the appalling state of the economy today that requires immediate remedial…

Read More

Pakistan’s gross financing requirements are estimated to go up to $30 billion in the next budget for 2022-23, leaving no other options for the government but to seek a fresh IMF loan after the expiry of the existing programme in September 2022. Top official sources confirmed to The News that if everything goes well and Islamabad manages successfully to revive the existing stalled programme of $6 billion Extended Fund Facility (EFF) of the IMF after completion of the sixth review, then two more reviews seventh and eighth would be required…

Read More