The SBP’s announcement further highlights that the government’s debt has increased by 1.5% in just one month, indicating the growing financial challenges Pakistan is facing. This surge in debt is a cause for concern as it may have implications for the country’s economic stability and fiscal policies.
Author: Usama Mudassar
Pakistani Caretaker Government Launches Electricity Theft Crackdown
The announcement also highlighted the significant financial impact of electricity theft on the country’s economy, with an annual loss of approximately 589 billion Pakistani rupees. The losses are particularly severe in specific regions, where power theft ranges from 30% to 60% of the total electricity consumption.
Where is Chaudhry Parvez Elahi’s buffalo?
In March 2022, when a vote of no confidence was tabled against Prime Minister Imran Khan, Asif Ali Zardari nominated Shehbaz Sharif for the position of Prime Minister and Pervez Elahi for the Chief Minister of Punjab. However, this political maneuver resulted in a deepening rift between the Chaudhry brothers.
On the invitation of the Army Chief, the Finnish investment delegation will hold important negotiations today
Another company represented in the delegation is “Ballew,” which specializes in producing biofuel and electricity from biomass. Their expertise could contribute significantly to Pakistan’s efforts in generating clean and renewable energy.
Which city is better Karachi or Lahore? Muslim League-N and People’s Party openly face to face
The PML-N and the Pakistan Peoples Party (PPP) have come face to face openly, and Talal Chaudhry remarked that when you visit Lahore, even the roads are cleaner. In response, Karachi’s Mayor, Murtaza Wahab, of the PPP, retorted that when elections are around the corner, they suddenly remember Karachi.
The Election Commission is not in a hurry to announce the elections
It is highly unlikely that election dates will be announced anytime soon, not even before the end of the current month. The ongoing Commission meetings do not include discussions about the election dates.
The US State Department is keeping a close eye on the cipher issue
This remark suggests that discussions on sensitive matters, including Shakil Afridi’s case, might be taking place behind closed doors with members of Congress. The spokesperson’s response alluded to a level of confidentiality surrounding certain discussions.
Parvez Elahi’s release and arrest for the third time despite court orders, today
Justice Tariq Mahmood Jahangiri mentioned that there’s no need to keep him in custody for another case if he’s already involved in one. The Lahore High Court stated that the state appears hesitant to present Pervez Elahi.
Lack of funds, the K4 project will not be completed even in ten years
These estimates have been revised upwards after scrutiny by experts and authorities, reflecting the complexities and scope of the project. Karachi, Pakistan’s largest city, has been grappling with a severe water crisis for years, and the K-IV project is seen as a critical solution to address its water needs