Economy
Pakistan’s Solar Surge: A Revolution in Energy
KARACHI, November 22 2024: Pakistan is witnessing an unprecedented rush for solar energy, with the nation becoming the third-largest market for Chinese solar panels. Traders are bringing in huge volumes, with some importing up to 250 megawatts worth of panels every month, as demand skyrockets. The cost of solar panels has dropped to such an…
Jam Kamal Khan Stresses Urgent Implementation of Export-Led Growth Strategy
ISLAMABAD, November 21, 2024 – Federal Minister for Commerce Jam Kamal Khan presided over a key meeting to assess Pakistan’s quarterly trade performance, underlining the critical need for immediate execution of an export-led growth strategy to stabilize and strengthen the national economy. Commerce Ministry officials presented an in-depth analysis of trade metrics, spotlighting performance with…
SECP Rejoins IOPS to Boost Pension Sector Reforms in Pakistan
ISLAMABAD, November 21 2024: In a significant development for Pakistan’s pension sector, the Securities and Exchange Commission of Pakistan (SECP) has rejoined the International Organization of Pension Supervisors (IOPS) as a Governing Member. This strategic move reflects Pakistan’s determination to modernize its pension systems and align with global standards, ensuring sustainable retirement income solutions for…
Federal Minister for Finance and Revenue Chairs ECC Meeting
ISLAMABAD, November 19 2024: The ECC deliberated on a proposal from the Ministry of Energy (Power Division) regarding a winter demand initiative aimed at optimizing system generation capacity while reducing gas demand. This initiative is designed to shift favorable demand towards electricity for industrial, domestic (ToU and non-ToU consumers exceeding 200 units), commercial, and general…
Pakistan’s Current Account Maintains Surplus Amid Fragile Economic Growth
KARACHI, November 19 2024: In October, Pakistan’s current account balance recorded a surplus of $349 million, bringing the four-month figure for FY25 to a modest $218 million. This positive trend, while encouraging, comes against the backdrop of a fragile economy grappling with subdued growth and constrained international financing options. Exports and Remittances Offer a Buffer…