The Public Accounts Committee (PAC) recently held a meeting, chaired by Junaid Akbar, to review audit paras related to the Atomic Energy Commission, Pakistan Nuclear Regulatory Authority, and the Federal Board of Revenue (FBR). During the meeting, the Auditor General of Pakistan revealed that 15 ministries are operating without a …
Read More »Govt to route 60% of imports & exports through Gwadar
The federal government has decided to make Gwadar Port fully operational, announcing that 60% of government imports and exports will be routed through it. Addressing the National Maritime Policy Workshop in Islamabad, Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, emphasized the critical role of the maritime sector in Pakistan’s …
Read More »Hutchison ports to invest $1 bn in Pakistan’s port modernization
Hutchison Ports, one of the world’s leading port networks, presented its $1 billion investment plan to Finance Minister Muhammad Aurangzeb on Friday for the modernization of Pakistan’s port infrastructure. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently convened with a high-level delegation from Hutchison Ports, led by Andy …
Read More »Pakistan’s 5G rollout faces hurdles: PTA
The Pakistan Telecommunication Authority (PTA), during a briefing to the Senate Committee on IT and Telecom, highlighted the need for a larger spectrum to implement 5G while acknowledging several challenges in its rollout. The meeting of the Senate Standing Committee on IT and Telecom, chaired by Palwasha Khan, was held …
Read More »PIA Privatization: Billions paid to FA, yet no progress
The National Assembly’s Standing Committee on Privatization was informed that the financial advisor hired for the privatization of the national airline, Pakistan International Airlines (PIA), had already been paid Rs 1.2 billion, yet the privatization process remained incomplete. The meeting, held in Islamabad under the chairmanship of Dr. Farooq Sattar, …
Read More »Pakistan expects $1bn from IMF climate fund
Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan is expected to receive $1 billion from the International Monetary Fund (IMF) under the climate fund. To discuss this initiative, an IMF delegation is scheduled to visit Pakistan on February 24. During an informal conversation with journalists in Islamabad, the …
Read More »CPEC 2.0: A Development Model for the Region
Aftab Maken The China-Pakistan Economic Corridor (CPEC) began its first phase in Pakistan with the primary objective of improving the country’s infrastructure. Alongside this, it also played a crucial role in addressing Pakistan’s energy shortages. Under CPEC, direct and indirect Chinese investments transformed Pakistan’s energy landscape, turning a deficit into …
Read More »PTA chairman highlights internet speed and investment issues
In a meeting of the National Assembly Standing Committee on IT and Telecom, PTA Chairman raised concerns about the government’s lack of investment in the internet sector. He pointed out that while the Pakistan Telecommunication Authority (PTA) has contributed Rs. 1,700 billion to the government over the past six years, …
Read More »US investors eye billions in AI, real estate & mining sectors
Aftab Maken American businessman and head of the delegation, Henry Bajaj, has said that America wants to invest billions of dollars in Pakistan, but the true image of Pakistan has not been shown to the American people. He criticized the Biden administration’s actions over the past four years as inadequate. …
Read More »Motorbikes, Rickshaws major contributors as fuel & coal drive carbon emissions
Aftab Maken Carbon emissions are primarily caused by 43% of fuel consumption and 31% of coal usage, with a significant share coming from motorbikes and rickshaws, which contribute to pollution. During a meeting of the Senate Standing Committee on Climate Change, officials from the Ministry of Energy further informed that …
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