Prime Minister Shehbaz Sharif on Tuesday underlined the need to plug Rs850 billion annual losses incurred by state-owned enterprises (SOEs), as well as the need to end circular debt in the power sector. The premier’s comments came while addressing a special meeting of his cabinet members at Islamabad’s Jinnah Convention Centre to review the government’s one-year performance. The Shehbaz adminis
Deputy Prime Minister and Minister for Foreign Affairs Ishaq Dar has expressed confidence in Pakistan’s economic development, hoping the country will join the G20 by 2030. He emphasised that all regulatory bodies should continue working collaboratively and effectively to accelerate the country’s growth. Mr Dar made these remarks while addressing the foundation stone-laying ceremony for the n
Export of services grew 6.16 per cent to $4.748 billion in the first seven months of the current fiscal year from $4.472bn a year ago, driven by the telecommunication sector. Services exports have seen positive growth since February 2024, mainly due to a surge in information technology and other businesses. However, there was a 6.5pc decline in August 2024. In rupee terms, the exports improved
After the detection of irregularities leading to the cancellation of 500-acre Port Qasim land sale last month, the Senate Standing Committee on Maritime Affairs on Tuesday reviewed the current state of Port Qasim’s land holdings and ordered immediate freezing of pending payments in land acquisition deals at Port Qasim, KPT, Gwadar Port and PNSC. The relevant officials earlier briefed the Senate
Construction activities slightly improved as cement sales rose 7 per cent to 3.065 million tonnes in February compared to 2.869m in the corresponding period last year. Export despatches rose 34.30pc to 531,736 tonnes from 395,935 tonnes in February 2024. The All Pakistan Cement Manufacturers Association (APCMA) data showed total cement despatches were up 10.15pc to 3.596m tonnes against 3