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German Delegation Meets Aurangzeb: Talks About Investment Opportunities and Economic Cooperation

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2 weeks ago

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To explore economic cooperation and investment potential in Pakistan, Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, met with a group from Metro AG Germany, which was led by executive Vice President Atila Yenisen.

In order to stimulate business and economic activity, the Minister emphasized the country’s better macroeconomic conditions, which include a notable decrease in inflation and a decline in interest rates ¹.

In addition, Aurangzeb pointed out that Pakistan’s foreign exchange reserves have grown from two weeks to two and a half months of import cover, guaranteeing a stable exchange rate and enabling the return of dividends and earnings to overseas investors.
The investment profile of Yenisen Shared Metro AG Germany in Pakistan, which runs ten stores in five cities, employs more than 2,000 local employees, and provides services to about 10,000 affiliated customers.

By buying more than 10 million euros’ worth of Pakistani home textiles and other goods each year, the organization has increased its business in Pakistan, helping to strengthen the country’s economy and increasing exports

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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5 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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