Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday directed the Power Division and the provincial government of Balochistan to devise a comprehensive strategy for shifting agricultural tube wells to solar energy, which would ensure cost-effective electricity supply to farmers in the province. Chairing a high-level meeting, the minister discussed matters related to
As consumers start facing the sweltering heat of summer and the pain of load-shedding, the power sector seems to be getting out of control of the Shehbaz Sharif-led government as electricity theft and less-than-required bill recoveries are estimated to have caused a loss of Rs589 billion so far in the current financial year. With hefty losses and unchecked electricity stealing, the government h
Sindh Minister for Industries and Commerce, Jam Ikramullah Dharejo, announced that the Sindh government is planning to establish new industrial zones across the province, primarily in Karachi, as part of a new industrialisation policy. The aim is to attract both local and foreign investors and businessmen to boost economic activities throughout the province. He made these remarks while addre
Finance Minister Muhammad Aurangzeb has reiterated the government’s resolve to expand the tax base by aggressively pursuing the untaxed and undertaxed sectors. In a meeting with a delegation of the Pakistan Business Council (PBC) on Tuesday, the minister stated that the government is more determined than ever to broaden the tax base. He also shared the progress on digitalisation and the pla
Despite some improvement in macroeconomic indicators, the economy continues to grapple with structural bottlenecks, while political uncertainties and inconsistent policies exacerbate the situation, said the State Bank of Pakistan (SBP) on Tuesday. In its six-monthly report on ‘The State of Pakistan’s Economy, the central bank said the major issues include limited savings, low investments in phy