Record inflow of remittances received in February: Aurangzeb
Minister for Finance and Revenue Muhammad Aurangzeb has said the country received a record high inflow of remittances, amounting to 3.1 billion dollars in February this year. Talking to the media alongside Minister of Information and Broadcasting Attaullah Tarar in Islamabad on Tuesday, he conveyed his gratitude to the Pakistanis living…
Fuel cost component of CPPA-G & KE’s RLNG Power Plants Comparable for December 2024: KE Spokesperson
During December 2024, 21% of the electricity procured by CPPA-G (i.e. 2,171 MW) came from RLNG plants within the national grid as compared to 19% produced by KE (i.e. 252 MW) from RLNG, with fuel costs comparable to those power plants operated by KE during the same period, says the spokesperson…
Economy on positive trajectory as reflected in various indicators
The country’s economy is on positive trajectory as is reflected in various economic indicators. According to latest statistics, the country’s exports have reached 30.351 billion dollars. The export target for 2025 is set at 32.34 billion dollars, signaling a strong economy. Remittances from overseas Pakistanis are a crucial source for the…
China rolls over repayment of $2b debt to Pakistan for one year
China has rolled over repayment of two billion dollar debt to Pakistan for one year. This was stated by Khurram Schehzad, the Advisor to Finance Minister while talking to Bloomberg News. The latest rollover comes at a time when Pakistan is going through the first review of its seven billion dollar…
Aurangzeb reaffirms commitment to support insurance sector
Finance Minister Muhammad Aurangzeb has reaffirmed government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. He expressed these views during a meeting with a delegation of chief executive officers from Pakistan’s leading insurance companies in Islamabad today. The Minister further noted that the government seeks…
Planning Minister hails women’s role in economic growth
Planning Minister Ahsan Iqbal has emphasized that Pakistan’s progress and economic stability are unattainable without the active participation of women. Addressing a special ceremony in connection with the International Women’s Day in Islamabad today, he highlighted that over half of Pakistan’s population comprises women, and until they are provided equal opportunities,…
