Federal Minister for Maritime Affairs Junaid Anwaar Chaudhry on Wednesday revealed that Denmark’s $2 billion investment in Pakistan’s port sector was moving forward, with Danish investors actively collaborating with the government to accelerate the process. Denmark and Pakistan share strong economic ties, with a significant increase in bilateral trade of late. A 31 per cent surge was recorded i
Prime Minister Shehbaz Sharif on Wednesday commended his team for unlocking the new $1.3 billion arrangement with the International Monetary Fund (IMF), along with a successful first review of the ongoing 37-month bailout programme. The announcement from the global money lender came early Wednesday morning, saying that it had reached a staff-level agreement (SLA) with the Pakistani authorities.
The government decided on Wednesday to broaden the scope of consultation on the Solar Net Metering Regulations approved by the Economic Coordination Committee (ECC) and re-submit the recommendations to the federal cabinet after taking further feedback from all stakeholders following widespread backlash. The decision was taken in a meeting of the federal cabinet today.In a knee-jerk reaction to
After attracting flak for its move to reduce the buyback rate from Rs27 to Rs10 per unit, the government has decided to revisit its solar net metering policy by taking all stakeholders on board. In the weekly cabinet meeting, chaired by Prime Minister Shehbaz Sharif on Wednesday, the federal cabinet decided to broaden the scope of consultations on solar net metering regulations recently approve
Pakistan and the International Monetary Fund (IMF) have agreed to introduce a new carbon levy, reduce electricity tariffs, increase water pricing, and open up the automobile sector to global trade under the Staff-Level Agreement (SLA), announced on Wednesday. “The IMF team has reached a SLA with the Pakistani authorities on the first review of the 37-month Extended Arrangement under the Exten