Category: Recent Post

The Second Citizenship Survey 2017 from CS Global Partners found that 89% of people would like to own a second passport, and over 34% said they had looked into investing in a second citizenship. Even more striking were the 80% who said they would be willing to invest or donate 5% of their annual salary for a second citizenship — more than they spend on monthly rent. Luckily, a number of countries offer Citizenship by Investment (CIP) programs where money — normally invested in real estate — can actually buy…

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Few global projects receive the same amount of praise and criticism as China’s Belt and Road Initiative (BRI) does. Regardless of one’s opinion, the BRI is President Xi’s signature foreign policy project with magnanimous allure. According to Morgan Stanley, overall expenses could reach $1.2-1.3 trillion by 2027. Beijing has invested significantly not only in financial terms but also politically. In this context, the success of the China-Pakistan Economic Corridor (CPEC) is essential to showcase Beijing’s model of development. The CPEC was announced in 2013 in response to the countries’ economic needs and…

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KARACHI: The Sui Southern Gas Company (SSGC) has invited bids from suppliers for the provision of 7,500MT of imported LPG in three parcels of 2,500MT each, to be delivered in October, a statement said on Monday. The southern gas utility supplies synthetic natural gas (SNG) during high demand as an alternative to piped gas, it added. SSGC was already setting up LPG air mix plants in remote areas of Sindh and Balochistan where conventional pipelines cannot be laid. LPG is mixed with air to produce synthetic gas for onward supply…

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ISLAMABAD: The government is set to expand the scope of inquiry against oil marketing companies (OMCs) to probe the shortage of petroleum products in June 2020. The Cabinet Division has moved a summary to the cabinet for constitution of a commission of inquiry to investigate the shortage of petroleum products in its meeting scheduled for Tuesday. This will be the third inquiry to be conducted by the government into the petrol crisis, which occurred in June when different OMCs curtailed oil supplies to their retail outlets, shifting the entire burden…

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The year 2020 has not been kind to most sectors of the economy, what with the double whammy of a global pandemic and the ensuing global recession. Yet, all things considered, it is remarkable that power generation in Pakistan actually fared alright, declining only marginally when comparing fiscal year 2020 to 2019. Even better, demand for power has picked up in June 2020, according to Sunny Kumar, analyst at Topline Securities, in a note sent to clients on July 23.  Power generation in Pakistan declined by 1% year-on-year to 121,867…

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