Friday, June 24th, 2022
Govt urged to minimize reliance on costly LNG import
ISLAMABAD, JUN 24 /DNA/ – As Pakistan is facing with severe natural gas shortage for the last couple of years, it has started relying heavily on Liquefied Natural Gas (LNG), however, the government needs to explore other energy sources to save environment as well as financial spending on the LNG import. There are other green energy options like solar and wind that can provide cheap environment-friendly energy sources and the country needs go for these options. This was the crux of one of the two reports “Gas Monitor – Pakistan”Read More
China always helped Pakistan at crucial time: Minister
ISLAMABAD, June 24 (DNA): Federal Minister for Finance and Revenue Miftah Ismail said that a loan of $2.3 billion from China was expected to be transferred by June 27 and China had also rerolled the safe deposits that were due in June and July.China always supported Pakistan at a crucial time, “ he maintained, according to China Economic Net (CEN). “It is our responsibility to save Pakistan from default. And we did it and can say now that Pakistan has been saved from default,” the minister remarked.He claimed the government hadRead More
Consul General of Pakistan Abdul Hameed hosts ITC delegation in Toronto
Toronto, JUN 24 /DNA/ – The Consulate General of Pakistan, Toronto, arranged a networking eventfor the visiting delegation of ITC executives from Pakistan. The event was attended by more than 50 executives / entrepreneurs from different ITC companies in Toronto, including representatives from Organization of Pakistani Entrepreneurs (OPEN), and FAST-NU Alumni Association, North America (FAA-NA). The Pakistani delegation comprising 15 executives from leading ITC companies is visiting Toronto on the invitation of the Consulate General to attend Collision Toronto Conference 2022,one of the biggest Tech events across the globe, especially inRead More
Book Launch: Pandemics and Public Value
Pakistan’s distinct performance in managing the COVID-19 serves as an important lesson for the rest of the world This was one of the key messages at the launch ceremony of the book Pandemics & Public Value Management, held at the Centre for Aerospace & Security Studies (CASS) in Islamabad. Written by CASS Director of Economic Affairs & National Development, Dr Usman W. Chohan, the book discusses the pandemic in the global and local context through the lens of Public Value Theory.The book launch ceremony included speakers who are leading academicRead More
Super tax imposed on the rich elite
PM Shehbaz hopes Pakistan will get IMF program soon; says it is not acceptable that the rich enjoy luxurious lives while the poor continue to suffer Ansar Bhatti ISLAMABAD: In an unprecedented move, Prime Minister Shehbaz Sharif announced Friday that the coalition government plans to impose a 10% super tax on large-scale industries, and that “tough decisions” have been taken to protect the economy on budget 2022-23. This is for the first time that a government has imposed taxes on the rich people. Analysts believe, the decision comes in theRead More
Stock market plunges
Nazir Siyal KARACHI: The Pakistan Stock Exchange (PSX) Friday witnessed a bloodbath immediately after Prime Minister Shehbaz Sharif announced “tough decisions” taken by the government in the federal budget for the upcoming fiscal year 2022-23. The benchmark KSE-100 index opened in the green in line with its positive trend a day earlier; however, it soon plunged a massive 2,053.35 points or 4.81%. The market was trading at 40,663.62 points as of 12pm. In his address to the nation, the premier announced that a 10% super tax would be imposed on large-scale industriesRead More