Sunday, July 31st, 2022
20% of headline inflation directly impacted by rupee devaluation: Anjum Nisar
KARACHI, JUL 31 /DNA/ – Under the domino effect of dollarization, the skyrocketing inflation, which is already in the midst of a decade-high level, along with the unprecedented rupee depreciation, high energy tariffs, escalating markup rate, rising commodity prices, fluctuating exchange-rate and balance-of-payment crisis, will lead to further hike in headline inflation to cross 25%, taking a toll on the local economy, warned the Businessmen Panel (BMP) of the FPCCI. In a statement issued here on Sunday, the BMP Chairman and FPCCI former president Mian Anjum Nisar, referring to theRead More
Imran Khan directs PTI lawmakers to prepare for elections
Bureau Report LAHORE, Pakistan Tehreek-e-Insaf (PTI) supremo andformer Prime Minister Imran Khan on Sunday while giving the assemblymembers the task of preparing for the new elections, said that the nextgeneral elections could be held in 6 to 8 weeks. In this regard, Imran khan held a meeting with me PTI lawmakers inPunjab Chief Minister House Sunday. During the meeting, the former PM directed Dr Yasin Rashid to completethe organizational process in two weeks and also directed the lawmakersand party organizers to prepare for early elections. “On May 25, those whoRead More
Fixed tax regime to enhance revenue, widen tax base: FEBR
DNA ISLAMABAD, JUL 31: The Friends of Economic & Business Reforms (FEBR), hailing the new fixed tax regime for small traders, has called for massive awareness campaign among the business community before its implementation, as traders have been expressing various concerns in this regard. FEBR President and LCCI former vice president Kashif Anwar observed that it is the fact that the fixed tax regime has several positive features and it was also imposed on the recommendation of traders but there are also some confusions, ambiguities and serious concerns, besides theRead More
China Power Hub to purchase local coal for power generation
ISLAMABAD, July 31 (DNA): The 1,320 MWs China Power Hub Generation Co. (CPHGC) has invited tenders for the supply of local coal in Pakistani currency, Gwadar Pro reported on Sunday.The company has sought proposals from firms registered in Pakistan for the supply of 40,000 tons of local coal per month at a fixed price in Pakistani rupees.CPHGC is a joint venture between China Power Int’l Holding and Pakistan’s Hubco under the China-Pakistan Economic Corridor (CPEC) framework. The power plant is situated in Hub, Balochistan.The plant was operating with South AfricanRead More
China, Pakistan, CPEC – History, Background, Challenges and Way Forward
Ahmad Jawad Pakistan is one of the most important countries, population-wise, in Asia. It is considered the sixth most populous country in the world, with an estimated population of almost 220 million people. Most of the people reside in the four provinces of Khyber Pakhtunwala (KPK), Punjab, Sindh, and Baluchistan. It will be the fourth most populous country by the year 2050 in the world. A famous Chinese saying is, “To understand today, one needs to know the history; and to know the future, one needs to review the past.” Read More
Washington is Eyeing on Tehran
Dr. Muhammad Akram Zaheer Two weeks ago, Deputy Secretary of State Wendy Sherman demonstrated the Biden administration’s magical thinking about Iran at the House of International Students. State Department spokesman Ned Price insisted last week that there was a deadline for talks, but failed to say whether it would be in one day or five years.Meanwhile, Iran’s nuclear program continues unceasing. Progressives and the State Department maydislike President Donald Trump for withdrawing from the 2015 Joint Comprehensive Plan of Action (JCPOA), but that’s wrong for three reasons:First, Iran is boundRead More