Category: Recent Post

The China Pakistan Economic Corridor (CPEC) is gaining momentum with every passing day of Pak-China relationship, because of which the project would continue with more strength in days ahead. With the smooth sailing of CPEC project, Pakistan is foreseeing massive economic activity during days ahead. An appreciable outcome of a novel Belt and Road Initiative (BRI) of the Chinese government, Pakistan becomes the key player in the regional economic activity. Commenting with respect to the 70th celebrations of Pakistan-China diplomatic relations, an official in CPEC Authority requesting not to be…

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The country will witness an increase in the textile exports by up to $16.5 billion in June 2021 and $20 billion in June 2022 if the government assures the continuation of Regionally Competitive Energy Tariffs of $6.5 per MMBtu of Gas/RLNG and 7.5 cents per unit of electricity. The Patron-in-Chief of All Pakistan Textile Mills Association Gohar Ejaz stated this in a statement issued here on Sunday. While appreciating the support of Imran Khan’s government for the export industry, he said that Pakistan’s textile exports foresee an increase up to…

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The Special Assistant to Prime Minister on Climate Change Malik Amin Aslam explained the measures being taken under the prime minister’s vision for Clean Green Pakistan in a press release issed on Sunday. He said the ambitious green stimulus initiative, launched last year by Prime Minister Imran Khan to sustain economic instability caused by the Covid-19 crisis, focuses on innovative financial tools to help build sustainable, responsible economic growth, achieve environmental sustainability and strive for climate resilience. He said nature had other plans for the world in 2020. The SAPM…

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The Oil and Gas Development Company Limited (OGDCL) on Monday announced the discovery of gas and condensate reserves in Balochistan province. “OGDCL as operator (100 percent) of Jandran Exploration Licence has discovered gas from its exploratory well Jandran X-04, which is located in district Barkhan, Balochistan province,” informed OGDCL, Pakistan’s leading oil and gas exploratory firm in a statement to the bourse. “The structure of Jandran X-04 was delineated drilled and tested using OGDCL in-house expertise. The well was drilled down to the depth of 1200m into Parh Limestone. Based…

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Pakistan’s sovereignty ultimately depends on achieving financial freedom and self-reliance. We should not let near-term economic challenges cloud our long-term thinking and direction towards this goal. One key step towards achieving this goal is the creation of the Pakistan Sovereign Wealth Fund (PSWF). A sovereign wealth fund will provide Pakistan with a mechanism to preserve and grow the nation’s wealth. Furthermore, it will arm the government with the financial cushion to stabilise the foreign exchange rate and close funding gaps during times of volatility and economic stress. PSWF allows Pakistan…

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