Category: Recent Post

Engro Corporation, Pakis­tan’s premier conglomerate, has announced partnership with the Pakistan Pavilion at Dubai Expo 2020 to unearth hidden opportunities in investment and tourism presented by the country. Developed on the theme of “The Hidden Treasure”, this is the largest-ever pavilion of Pakistan set up outside the country. The pavilion will showcase the country’s vast potential in tourism, business, culture, and entertainment, through digitally engaging and inspiring experiences. The event will also feature a series of workshops, conferences and fireside chats to highlight various opportunities in Pakistan. As part of…

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The National Electric Power Regulatory Authority (Nepra) said on Thursday the country’s electricity system was adversely affected in 2020-21 by underutilisation of the most efficient power plants run by regasified liquefied natural gas (RLNG), increase in circular debt, poor governance and fuel supply challenges, which unnecessarily burdened the consumers. In its “State of Industry Report 2020-21”, the regulator said “the power sector witnessed the underutilisation of most efficient RLNG power plants and some other cost-efficient power plants”. Underutilisation of these power plants — that is, operating them on “part load”…

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Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next due to a variety of factors including an increased flow of U.S. dollars into neighbouring Afghanistan. Fitch’s forecast for the rupee’s average rate this year is now 164 to the U.S. dollar compared with 158 previously. For 2022, Fitch now expects an average rate of 180 versus a previous forecast of 165. “Our expectation for the currency to weaken further is based on Pakistan’s worsening terms of trade, tighter U.S. monetary policy,…

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IT seems that the “abrupt” fall of Kabul has “flustered” the regional as well as international power politics due to which there are some symbolic re-arrangements of security meetings, pacts and alliances now going around the world. Chess-board of “power politics” is going to have new set-up to “topple” and “contain” Chinese socio-economic commitments towards greater regional connectivity, socio-economic integration and eradication of poverty through its “One Belt One Road Initiative” (BRI) and China-Pakistan Economic Corridor (CPEC). Thus self-defined “China Threat Theory (CTT)” of the West & US is being…

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Pakistan witnessed an increase of $26 billion during the first three years of the present PTI government. Economic Affairs Division additional secretary Zulfikar Haider stated this in a meeting of the Standing Committee of the National Assembly for Economic Affairs Division held under the chairmanship of Mir Khan Muhammad Jamali. The additional secretary briefed the meeting on the impact of the rupee depreciation on domestic and external liabilities. In June 2018, the total external debt of the country was $96 billion, which now reached the level of $122.44 billion after…

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