The government on Wednesday urged Nestle Pakistan to increase its exports by four times to $100 million in the next six years, which is double the target the company is planning to achieve by exporting its food products. Nestle Pakistan announced its commitment to increase the packaged food exports to $50 million till 2030. The company earned $23 million from exports this year by selling produc
The federal government has decided to transfer Rs50 billion to the provincial government of Sindh for executing its emergency housing project. According to sources, the decision was taken in a recent meeting of the Economic Coordination Committee (ECC) of the cabinet. The Ministry of Planning, Development and Special Initiatives proposed that an amount of Rs30 billion allocated in the budget
The government, led by Minister for Planning, Development, and Special Initiatives Ahsan Iqbal, is accelerating the development of Islamabad's Information Technology Park to establish it as a regional IT hub. In a progress meeting with officials, including Korea's Ambassador to Pakistan, Park Kijun, Iqbal emphasised advancing this project in line with the prime minister's vision. Spanning 66,89
The National Electric Power Regulatory Authority (Nepra) has approved a reduction in electricity rates of up to Rs1.28 per unit on account of fuel charges in September 2024. According to Nepra's statement, the Central Power Purchasing Agency Guarantee Limited (CPPAG) had initially submitted a request for a 71 paisa per unit reduction in fuel charges. The regulator conducted a public hearing on the
Public sector employees hired from the next fiscal year onward will no longer be eligible for state-funded pensions upon retirement, as part of significant pension reforms, Finance Minister Muhammad Aurangzeb announced on Wednesday. Speaking to the media on the sidelines of 'The Future Summit - What Matters Now,' Aurangzeb explained that, under the reforms, employees will contribute from their