Karachi: Atif Ikram Sheikh, President FPCCI, has strongly opposed the proposed ban on raw minerals and marble as approved by Senate Standing Committee on Commerce; and, which includes both metallic and non-metallic minerals. This is contradictory to the vision of Special Investment Facilitation Council (SIFC), which has made mines and minerals as one of their only five focus areas, he…
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Pakistan’s largest biogas plant unveiled in Lahore
Will generate 16,000 kilogrammes of organic fertilizer daily Chief Minister Punjab Mohsin Naqvi inaugurated the biggest biogas plant of Pakistan at Gujjar Colony in Lahore. CM launched the compressed biogas plant production by pushing a button. MohsinNaqvi after unveiling the plaque, put his signatures on the inaugural plaque and wrote down date as well. MohsinNaqvi also planted a sapling in…
Read MorePakistan’s Electoral Process: How National Elections Shape the Country’s Parliamentary Democracy
Here’s an overview of how national elections work in the country:• Pakistan operates under a parliamentary system, where elections are held for seats in both the federal legislature, known as the National Assembly, and the provincial legislatures.• Approximately 128 million eligible Pakistani voters out of a population of 241 million have the opportunity to cast their ballots, provided they are…
Read MoreIMF briefed about tariff, circular debt plans
ISLAMABAD: The caretaker government’s team on Monday formally interacted with the International Monetary Fund (IMF) through a video call to seek the latter’s support for tariff rationalization and circular debt reduction plans, well-informed sources told Business Recorder. Both plans have been developed by two teams dedicated by the caretaker Minister for Power and Petroleum, Muhammad Ali, who intends to get IMF…
Read MoreOil/gas sector in limelight as KSE-100 gains over 850 points
The Pakistan Stock Exchange (PSX) saw interest in the oil and gas sector as the benchmark KSE-100 index gained over 850 points during trading on Tuesday. At 2pm, the benchmark index was hovering at the 63,855.95 level, an increase of 853.04 points or 1.35%. Index-heavy stocks including OGDC and PPL were trading in the positive, amid reported developments on the…
Read MorePakistan Election 2024: Key stats, facts and all details here
Pakistan is set to vote this Thursday but the upcoming elections are taking place in the shadows of terrorism, and oppression as the country of around 25 crores is polarised for quite some time. With rising terror attacks and the worst economy in decades, all leading political parties adopted desperate pitches ahead of the general election to lure voters who…
Read MoreUnveiling the Gaps in Pakistan’s Power Sector Governance
A closer look at the flawed governance system impacting consumers as electricity prices soarIn a recent development, Nepra, the regulatory authority for the power sector in Pakistan, issued a notification announcing an increase in electricity prices to 4.56 rupees per unit. This move sheds light on the inadequacies of our inefficient and corrupt governance system within the power sector.Consumers, who…
Read MoreLNG, financial power sectors: Competition studies ordered
ISLAMABAD: An inter-ministerial committee has directed Competition Commission of Pakistan (CCP) to undertake competition studies on LNG, financial and power sectors aimed at strengthening the public investment management system, well informed sources told Business Recorder. The decision was taken at a follow up meeting presided over by Additional Secretary Finance (Corporate Finance) convened to discuss Action Plan recommended by IMF’s PIMA…
Read MoreHeavy on rhetoric, light on concrete plans
Tens of millions of Pakistani voters will cast their ballots in the 12th parliamentary elections since 1970 on Thursday in a grand test not just for the country’s frail democracy but also for its flagging economy. Billed to be the most contentious elections in the nation’s history, the entire exercise is scarred by the establishment’s efforts to decimate one of…
Read MoreUS think tanks assess Pakistan’s electoral landscape
WASHINGTON: The evolving political landscape in Pakistan ahead of its third consecutive parliamentary election on Feb 8 presents a complex web of challenges, US think tanks argue in their election reports. According to them, the confluence of political repression, militant threats, and military influence cast a shadow over the democratic process, leaving questions about the fairness of the elections and…
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