Gas Subsidy to Captive Power Discriminatory and Unjust: Industrial Associations
Eight industrial associations of Karachi collectively denounced the decision to supply Captive Power Plants with subsidized indigenous gas, terming it a violation of the Gas Allocation Policy 2018. They revealed that this was the real reason behind the exorbitant Fuel Charges in electricity bills, as in the face of gas shortages, SSGC was left with…
Adil Aziz
IMF approves release of $1.1 billion for Pakistan
The Executive Board of the International Monetary Fund (IMF) completed on Monday the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan. The Board’s decision allows for an immediate disbursement of SDR 894 million (about US$1.1 billion), bringing total purchases for budget support under the arrangement to…
Pakistan to host APICTA awards 2022 for first time in over 20 years
The Asia-Pacific ICT Alliance (APICTA) and Pakistan Software Houses Association (P@SHA) announced that Pakistan will be officially hosting the APICTA Awards this year for the first time. Hosted by PA@SHA, the APICTA Executive Committee meeting with delegates from 16 member economies including Malaysia, Australia, Sri Lanka, and Chinese Taipei was held in Serena Hotel, Islamabad….
PTCL Group opens doors of its Medical Centers for flood affected people
Pakistan Telecommunication Company Limited (PTCL) Group has opened the doors of its medical centers for flood affected people in Swat, Dera Ismail Khan, Sukkur, Mirpur Khas, Larkana, Hyderabad, Malir-Karachi and Quetta. The centers will operate to facilitate and treat people injured in flood related accidents or fallen ill due to water-borne diseases. Heavy rains and…
Unbridled social media ruining moral values
Over the centuries human being discovered numerous equipments, machines and technologies to ease out hardships in dispensation of tasks in different arena of life. Besides many other inventions, if the revolutionary invention of wheel paved way for effective and accelerated functioning of machines, the discovery of ‘Chip’ is described as another milestone in the area…
SBP sets agriculture credit disbursement target of Rs1.8 trillion for FY23
State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs1,800 billion to the financial institutions for FY23 to cater to the agriculture credit demand in the country. Moreover, in line with the national food security requirements and need for mechanization of farms to enhance agriculture productivity, specific targets of Rs140 billion…
Thought Leaders Dialogue – Pakistan: The Next Great Infrastructure Connector
Renowned Economic, Energy, and Business Leadership came together for highlighting and exploring trade and strategic ties with the regional countries for boosting National and Regional Economies, through the development of infrastructure of Roads and Rail links, Energy Corridors, and Digital Connectivity. Speaking at the “Thought Leaders Dialogue – The Next Great Infrastructure Connector,” organized at…
META affirms stringent approach to user privacy in virtual session with Pakistan media
Meta – the parent company of Facebook and Instagram organized a virtual briefing session on its approach to privacy for Pakistani journalists in Islamabad. Arianne Jimenez, Privacy Policy Manager at Meta in the Asia Pacific apprised the reporters about the company’s policies to protect user data and information safety on its platforms. The program was…
Real Estate sector badly affected by rising interest rates. What’s next for Pakistan?
Owing to the political turmoil of the last few months and the resumption of the IMF program, the current government has increased interest rates to control inflation, making their monetary policing efforts contractionary. With rising interest rates and money flowing to saving accounts schemes, people tend to sell their property and deposit in banks. The…
China no longer requires COVID test info for international arrivals, as it further eases restrictions
China is moving further to ease anti-COVID-19 restrictions on international arrivals, with the new health declaration form issued by the General Administration of Customs scrapping requirements for visitors to report information regarding nucleic acid test results, their infection status and vaccination dates. The latest move followed several recent steps taken by Chinese authorities to make…