Pakistan’s economy has long been in the grips of financial instability, characterised by a rising debt burden and frequent recourse to external financing. The recent statement by Finance Minister Muhammad Aurangzeb underscores the urgency of the situation, as he highlighted the anticipated rollover of loans from friendly countries and ongoing negotiations with the International Monetary Fund (IMF)
The Sustainable Development Policy Institute (SDPI) has recommended the privatisation of power distribution companies (Discos) in a phased manner to analyse the regulatory framework and identify potential obstacles before scaling up the divestment of other companies. This plan should begin with the most financially viable Discos and gradually include others, ensuring that the process is managea
China’s business group, Hexing Electrical Group, has informed the government of its intention to establish a new industry in the renewable energy sector. Chairman Liangzhang Zhou, leading a delegation, held a meeting with Minister for Privatisation Abdul Aleem Khan on Saturday, and discussed the proposed investment, and stated that it would be the first industry of its kind in Pakistan in which
The revenue collection during the first two months of FY25 fell short of the projected target by Rs99 billion, raising concerns about the tax administration’s ability to make up the gaps in the months ahead. The Federal Board of Revenue (FBR) collected Rs1.455 trillion in July-August against the projected target of Rs1.554tr, according to provisional figures compiled by the board on Saturday.
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal says that four countries have allocated $27 billion for investment through launching various mega projects in Pakistan under framework of the Special Investment Facilitation Council (SIFC). “The SIFC is a very useful institution and framework under which our four brother countries have allocated $27bn for investment.