The federal government has issued a three-year economic plan and set economic targets under the Medium-Term Budget Strategy Paper. According to the Ministry of Finance, the aim is to increase the economic growth rate to 5.5% by the fiscal year 2027, while bringing the average inflation down to 7% over …
Read More »
An annual gas theft of Rs 40 billion has been revealed across Pakistan. During a meeting of the National Assembly’s Standing Committee on Petroleum, chaired by Syed Mustafa Mahmood, the Director General of Gas disclosed that Rs 40 billion worth of gas is stolen annually in the country, with more …
Read More »
The National Logistics Corporation (NLC) significantly impacted the “Made in Pakistan Exhibition” held at the Uz Expo Center in Tashkent, drawing many Uzbek business community, industry leaders, and government officials. The three-day event also featured participation from other logistics companies and around 80 firms from various corporate sectors of Pakistan. …
Read More »
The production facility at Manzalai, District Karak, has come under gunfire: MOL Special Report A terrorist incident has been reported at one of the exploration sites of MOL, Pakistan in the district of KP, well-placed sources told this scribe seeking anonymity. Chaos erupted at an exploration site operated by MOL, …
Read More »
The electricity consumers are set to pay capacity payments up to Rs 2.8 trillion during the upcoming financial year 2024-25.The capacity payments account for 70 percent of electricity tariff for the consumers whereas the energy price amounts to 30 percent.These capacity payments are linked with dollar indexation and therefore, these …
Read More »
The Economic Coordination Committee (ECC) of the Federal Cabinet on Thursday approved Technical Supplementary Grants (TSGs) amounting Rs 87 billion just a two weeks before for a new federal budget to be laid before the parliament for approval. The Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb presided over …
Read More »
Federal Minister for Planning, Development & Special Initiatives, Prof. Ahsan Iqbal, convened a meeting with 35 Chinese enterprises and Pakistani business houses to explore opportunities for enhanced bilateral cooperation and mutual growth. The meeting aimed to solicit input and proposals for strengthening business-to-business partnerships, a key focus of CPEC’s 2nd …
Read More »
The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas & Oil Pakistan Ltd (GO) by Aramco, a global leader in integrated energy and chemicals. This transaction marks Aramco’s first entry into Pakistan’s fuels retail market, underscoring its confidence in the country’s economic potential and its …
Read More »
Special Report Islamabad: Discover how residents in Pakistan are combating high electricity bills by transitioning to solar energy. Learn about the significant increase in solar panel installations and the potential for renewable energy in Pakistan Taiq Iqbal, a resident of Islamabad, has been troubled by extraordinarily high electricity bills from …
Read More »
Indus Motor Company (IMC) recently hosted the 7th Journalist Summit at Bhurban, where esteemed journalists from the automotive industry congregated to witness the unveiling of the remarkable Corolla Cross. Gracing the occasion was Chief Engineer Toyota Motor Corporation (TMC) Mr. Yasushi Ueda. This highly anticipated event showcased Toyota’s revolutionary philosophy, …
Read More »
BeNewz