Addressing the signing ceremony, Caretaker Prime Minister Anwaar-ul-Haq Kakar said the agreement not only paves the way for the export of our pink rock salt but also symbolizes a landmark achievement for our nation’s investment climate. He said two hundred million dollar investment in this initiative is a resounding vote of confidence in our economic […]
The plan to introduce electric air taxis in Dubai by 2026 represents a significant leap forward in the realm of urban transportation. These futuristic aircraft, powered by electricity, promise to revolutionize travel within the city and potentially beyond. With minimal emissions and rapid recharging capabilities, they offer a sustainable alternative to traditional modes of transport, […]
The credit rating agency says that a “new deal” is key to the country’s credit profile, and we assume one will be achieved within a few months. Still, an extended negotiation or failure to secure it would increase external liquidity stress and raise the probability of default. Pakistan’s external position has improved in recent months, […]
As per details, the Pakistan government has proposed lowering the power tariff to 9 cents from 14 cents to the export sector. Sources familiar with the development said the plan will be enforced after approval of the international lender. It is to be noted that the International Monetary Fund (IMF) has once rejected the decision […]
Tesla CEO Elon Musk has long whetted fans’ and investors’ appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms. Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as […]
Celebrated designer Mohsin Naveed Ranjha will soon become the first Pakistani to create a separate design studio in the center of London’s famed Regent Street, bringing Pakistani fashion to a global audience! The coveted fashion brand Mohsin Naveed Ranjha has announced a significant brand expansion. The fashion house plans to open a freestanding design office […]
The government’s proposal to raise sales tax on larger vehicles (1400cc and above) has been criticized by Pakistani automakers, who say it will negatively impact their already struggling industry. This was published by The News on Saturday. The hike in sales tax to 25% from 17% was agreed earlier this week by the Economic Coordination […]
According to official data released on Friday, the Sensitive Price Index (SPI) inflation rate decreased marginally in the week ending February 15 but remained high when compared to the same time in the previous year due to the ongoing surge in the costs of food and energy. Based on weekly price fluctuations of 51 basic […]
In the face of credible allegations of widespread corruption, the federal cabinet has noted that the mechanism governing drug prices has become exploitative and ineffective. The health ministry has labeled the 2018 Drug Pricing Policy as unfair because it guaranteed the pharmaceutical industry “supernormal profits.” During a meeting on December 13, 2023, the cabinet members […]
The Pakistani government decided to increase gas prices for residential users by as much as 67% in response to a demand from the International Monetary Fund (IMF). Meanwhile, the cost of fertilizer plants will soar by as much as 700%. The purpose of this calculated action is to get an extra Rs242 billion from gas […]
