The Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said in a tweet that according to provisional data released by the Pakistan Bureau of Statistics (PBS), exports soared by 36 percent to $2.808 billion in February 2022 as compared to $2.068 billion in the corresponding period last year. He added that Pakistan’s exports increased at the…
Read More
Pakistan and India began three days of crucial talks Tuesday at the Permanent Commission of Indus Waters (PCIW) level on a six-point agenda that includes hydropower projects on the Chenab River such as Pakal Dal (1,000MW), Kiru (624MW), and Lower Kalnai (48MW), as well as other projects on the Indus in Ladakh. The agenda for the three-day talks also includes…
Read More
National Electric Power Regulatory Authority (Nepra) Tuesday allowed K-Electric to increase power tariff by Rs2.90 per unit on account of fuel cost adjustment for the month of January, local media reported. The Nepra chairman said that the issue of low gas pressure did not seem to be resolved soon, adding that the power consumers would have to pay extra Rs300…
Read More
Ambassador of Kazakhstan Yerzhan Kistafin has said that trade and business ties between the business communities of Kazakhstan and Pakistan have been improving as the trade volume, which stood at US$45 million in 2020, rose to US$95 million in 2021 and there was a lot of room for further improvement through exchange of trade delegations and enhancing cooperation.Exchanging views during…
Read More
The federal cabinet Tuesday formally approved a summary moved by the finance ministry, paving the way to promulgate an ordinance to offer a third tax amnesty scheme to industrialists. The finance ministry circulated a summary among the federal cabinet members on Monday for their approval of the scheme through the Income Tax Amendment Ordinance 2022. Under the amnesty, the government…
Read More
This was announced by German Chancellor Olaf Scholz at a special session of the Bundestag on 27 February 2022 addressing Russia’s attack on Ukraine. As informed, the LNG terminals are planned to be located in Brunsbüttel and Wilhelmshaven. Currently, there are several liquefied natural gas terminals in Europe, however, none of them are located in Germany. Security of energy supply Scholz also…
Read More
OLIVE Technical Services; a wholly owned subsidiary of Fauji Fertilizer Company (FFC) and Hydro China Dawood Power (Pvt) Ltd (HDPPL) signed a Services Agreement on Monday 28th February, 2022 at Gharo, Pakistan. Under this agreement, OLIVE Technical Services shall carry out detailed End of Warranty Inspection Services for 49.5 MW Wind Power Plant of HDPPL located at Gharo, Sindh, Pakistan.…
Read More
Finance ministry on Monday said an escalated conflict between Russia and Ukraine could keep inflationary and balance of payment pressures in the economy for longer as the crisis would likely further increase energy costs and commodities prices. “The main risk for Pakistan’s economy is that these developments [Russia-Ukraine conflict] may further delay the downward correction in inflation and improvement in…
Read More
The oil and Gas Regulatory Authority (OGRA) on Monday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of March, increasing the commodity price by Rs318.74 per 11.8-kilogram cylinder. According to the notification, the authority increased the locally produced LPG price by Rs 27.01 per kilogram. After the revised price, the LPG cylinder would be sold in…
Read More
Pakistan’s recently announced national security policy is undoubtedly a “paradigm shift” from the country’s traditional military-dominated strategy to economic security, nonetheless, experts say the real challenge will be in putting the ambitious plan into action. Islamabad announced its first-ever national security policy in January, prioritizing economic security over military security, though the South Asian nuclear state will stick to its…
Read More
