Category: Pakistan

The Special Economic Zones Authority (SEZA) was entrusted with overseeing and supporting economic activities that contribute positively to the country’s economic growth. The government’s full assistance was pledged to eliminate activities that harm the economy.

Zaidi referenced India’s experience when it demonetized the 2,000-rupee notes, which led to a significant reduction in India’s Gross Domestic Product (GDP) growth rate. He argued that discontinuing high-denomination notes like the 5,000-rupee note could have a similar impact in Pakistan.

In a tweet posted on Thursday, the Information Minister appeared to reference an alleged counterfeit notification from the Internal Finance Wing of the Finance Division. He categorically stated that this notification was fake.

The Supreme Court of Pakistan is set to hear a case concerning the arson and rampage that took place in the Christian neighborhood of Jaranwala, […]

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.

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.