Category: Highlights

Prime Minister Imran Khan while chairing the National Coordination Committee on Housing (NCCH) asked Finance Minister Shaukat Tarin to present a comprehensive plan for providing easy low cost loans to weaker segments of society, including for house building. It is coincidental that the same day the State Bank of Pakistan, the more appropriate entity to deal with commercial banks’ lending to the disadvantaged, a 60 billion rupee collateral-free lending scheme to small and medium enterprises (SMEs) for three years was reported in Business Recorder – a largely unserved sector that…

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Fitch Ratings – Hong Kong – 24 May 2021: Fitch Ratings has assigned Pakistan Water and Power Development Authority ‘s (WAPDA, B-/Stable) proposed US dollar senior unsecured notes a rating of ‘B-‘. The proceeds of the proposed notes will be used to finance or refinance eligible green projects. KEY RATING DRIVERSThe proposed notes will be direct, unconditional, unsubordinated and unsecured obligations of the issuer and will rank pari passu with its present and future unsubordinated and unsecured obligations. RATING SENSITIVITIESFactors that could, individually or collectively, lead to positive rating action/upgrade:…

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Special Assistant to Prime Minister (SAPM) on Climate Change Malik Amin Aslam on Sunday said that Pakistan would become the world’s best example in green energy revolution as government was well on track to meet the renewable energy targets by 2030 and will raise it to 60% through renewable resources. Pakistan was encouraging private sector investment in renewable energy projects to reach its clean energy goal by 2030 and it would produce 60 per cent of its electricity from renewable sources, he said this while talking to media. The SAPM…

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China Southern Power Grid Yunnan International is willing to cooperate in power grid and power infrastructure development in Pakistan in wake of investment opportunities offered under China-Pakistan Economic Corridor (CPEC) framework, said Chief Engineer, Zhang Yunhu. There are good examples for the cooperation in power sector mostly in power plants under CPEC flagship project. “For us, if we have opportunity to participate in the cooperation in power grid and power infrastructure development in Pakistan, we will be very pleased and we will do our best to cooperate if there is…

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Khyber Pakhtunkhwa Minister for Labour and culture Shaukat Yousafzai has said that process of diagnosis, registration and determination of the total number of TB workers in coal mines in Shangla district, in collaboration with the Health Department and Dopasi, has started. The event was formally inaugurated at the residence of Dr. Sharifullah Saqib. Insaf Doctors’ Forum Vice President of PTI Malakand Division Haji Sadid-ur-Rehman, President of Shangla District Waqar Ahmad, District General Secretary Haji Abdul Moli, District Secretary Information Islam Zada, Hayat Khan, Syed Alam, Asif Ali, Zafar Ali, Pir…

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