Read.pk

During the meeting, the Secretary of Aviation briefed the ECC on matters related to PIA, emphasizing the need for financial support and the restructuring of the organization. It was decided that a separate committee would be formed to review the restructuring of PIA comprehensively.

News anchor Mahtab Haider commented that while actions are being taken on the directives of the Army Chief, the economic team’s vision is still not apparent. The need to curb smuggling and hoarding, especially in the case of the Chinese currency, is essential.

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.

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.

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.

Khadija Shah, a prominent Pakistani activist, and 97 other individuals have been denied bail in cases related to events that transpired on May 9. The […]