By Qamar Bashir The government and Election Commission attributed the slowdown and collapse of the internet during the 2024 elections to the Pakistan Telecom Authority (PTA) raises questions, given PTA’s declared objectives. These objectives emphasize the regulation of telecommunication systems and services, promoting user interests, ensuring a wide range of […]
Business
UNS/Reuters : China’s BYD Co Ltd (002594.SZ) is planning to set up a new manufacturing plant in Mexico, Nikkei reported on Wednesday, citing the company’s Mexico head, as the electric vehicle maker aims to establish an export hub to the United States. BYD, which overtook its biggest rival Tesla Inc […]
UNS: The State Bank of Pakistan (SBP) on Monday maintained its policy rate at 22 percent for the fifth time in a row. Addressing a press conference in Karachi on Monday, SBP Governor Jameel Ahmad said the central bank’s Monetary Policy Committee (MPC) had met earlier in the day and […]
ISLAMABAD -UNS: Petroleum Conference 2024 is scheduled to take place on Tuesday,Jan 30 at a local hotel. This prestigious event brings together industry leaders, experts, and government stakeholders to highlight the industry challenges and discuss the latest trends, and policy initiatives in the petroleum sector. Anwar-ul-Haq Kakar, the Prime Minister […]
By Qamar Bashir The Bloomberg Economics report, lauding the Pakistan Muslim League-Nawaz (PML-N)’s economic management, especially under Ishaq Dar’s tenure, comes at a critical time as Pakistan faces severe economic challenges. With the country in the throes of a financial crisis, marked by soaring inflation of 20-25% and an unemployment […]
Islamabad -UNS: The NUST Institute of Policy Studies (NIPS) organized the high-level national seminar on “Pakistan’s Economic Crisis: Challenges and the Way Forward” on Thursday, January 18, 2024. Moderated by Dr. Ashfaque Hasan Khan, Director General, NIPS, the event attracted diverse participation comprising senior policymakers, high-level dignitaries, government officials, veteran […]
ISLAMABAD -UNS: As people in Pakistan are already crushed by rising energy prices, the International Monetary Fund says recent increases in electricity and gas tariffs were important to shore up energy sector viability, but broader reforms are still needed to tackle the structurally. The IMF in a report on the […]
By Iftikhar Mashwani ISLAMABAD: Vice Foreign Minister of China, Sun Weidong, arrived in Islamabad today on Saturday to attend the 4th meeting of CPEC-Joint Working Group on International Cooperation and Coordination scheduled on Sunday in Islamabad. Foreign Secretary Muhammad Syrus Sajjad Qazi will co-chair the meeting with the Chinese Vice […]
ISLAMABAD -UNS: Pakistan has received $700 million loan from the International Monetary Fund (IMF). The loan was approved after the IMF Executive Board completed its first review last week, bringing the total disbursements under the $3 billion Standby Arrangement (SBA) to about $1.9 billion, State Bank of Pakistan (SBP) Governor […]
ISLAMABAD -UNS/Reuters :The World Bank’s board of executive directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy (RISE-II) operation in Pakistan on Tuesday. Najy Benhassine, World Bank’s country director for Pakistan, in a statement highlighted that this project completes the initial phase of “tax, energy […]