Economy

SBP Launches a Dedicated Website for Housing and Construction Finance

SBP has launched a dedicated landing webpage for promoting housing and construction finance on its website. The page contains extensive information on housing and construction finance and Mera Pakistan Mera Ghar (MPMG), the government’s flagship markup…

Economy

CCoE Okays Restructuring of PEPCO as Power Planning & Monitoring Company

The Cabinet Committee on Energy (CCoE) has approved the summary submitted by the Power Division, seeking restructuring of the Pakistan Electric Power Company (PEPCO) with a changed nomenclature, i.e., Power Planning and Monitoring Company (PPMC). The r…

Economy

Pakistan Submits Human Rights Action Plan for GSP Plus Review: Report

Pakistan has submitted an action plan on human rights to the European Union for the Generalised Scheme of Preferences Plus (GSP+) review.The country proposed an eight-point National Action Plan for Business and Human Rights (2021-26) at the GSP+ review…

Economy

Pakistan Receives Record Foreign Remittances in Q1’FY22

The remittances inflows from overseas Pakistanis to their homeland stood at a level of $2.7 billion in the month of September 2021, maintaining the strong momentum and support of the country’s economy.Cumulatively, at $8.0 billion, remittances grew by …

Economy

Pakistan’s Energy Sector Circular Debt Falls 85% Between July and August

Minister for Energy, Hammad Azhar, said on Friday that the flow of circular debt from the energy sector has started decreasing.The energy minister tweeted that the flow of circular debt in the power sector during July and August fell to Rs. 13 billion …

Economy

Work on Dasu Hydropower Project to Resume Soon

The Ministry of Water Resources has held out assurance to the National Assembly Standing Committee on Water Resources that the talks, underway with the Chinese authorities on the safety and security of Chinese workers engaged in Dasu Hydropower Projet,…