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The Finance Minister has pledged to attract foreign investments by creating an environment that is friendly to business.

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4 months ago

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In a recent statement, Pakistan’s Minister of Finance Muhammad Aurangzeb reaffirmed the country’s unwavering dedication to luring international investments by preserving an atmosphere that is commercially encouraging.

A group of international investors, led by Amin Mohammad Khowaja, the Chief Executive Officer of J.P. Morgan Pakistan, had visited him in Islamabad. He was speaking with them.

Muhammad Aurangzeb also provided further information regarding the ambitious structural reforms program of the government. This agenda aims to strengthen the general macroeconomic stability by widening the tax base, rightsizing the public sector, promoting privatization, and reforming the energy sector.

The Minister of Finance emphasized the great achievements that Pakistan has made in strengthening its macroeconomic indicators, such as the increase in exports by 14 percent, the decrease in inflation to 9.6 percent, which is the lowest level in 34 months, and an overall decrease in the current account deficit among Pakistan’s economic indicators.

It was also brought to his attention that Pakistan’s sovereign credit ratings had improved, which is indicative of a stable and encouraging economic future. According to him, the rigorous fiscal discipline, inflation management, and favorable balance of payments that the country has are the pillars upon which the country’s economic prosperity.

In addition to expressing confidence regarding the potential for larger investment flows into Pakistan, the delegation praised the efforts that the government has made to establish an atmosphere that is conducive to business.

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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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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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