The statement also highlighted the solidarity of the courageous local population of Chitral, who are standing shoulder to shoulder with the armed forces and are determined not to allow terrorists to disrupt the peace in their region.
Category: Pakistan
PIA’s Demand for a Monthly PKR 23 Billion Rejected, ECC Approves PKR 40 Billion Supplementary Grant for Defense Projects
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.
Depreciation of the dollar is a result of the crackdown, Malik Bustan
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.
By July 2023, Pakistan owes 61 thousand 700 billion rupees
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.
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.
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.
Khadija Shah and 97 Others Denied Bail in May 9 Cases
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 […]
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