Enhancing agricultural productivity to tackle food insecurity

Nearly 800 million people in the world go hungry owing to the lack of reliable access to a sufficient quantity of affordable, nutritious food. In Pakistan, the victims of food insecurity are small holder farmers and rural populations in general who largely depend on agriculture to make ends meet and feed their families. As Pakistan’s… Continue reading Enhancing agricultural productivity to tackle food insecurity

PM Khan rejects hike in prices of petroleum products

Prime Minister Imran Khan has decided to keep the prices of all petroleum products unchanged for the next half of February, despite OGRA asking for a price hike. OGRA had forwarded a summary to the prime minister earlier, asking for an increase of Rs14.07 per litre in the price of petrol and Rs13.61 per litre… Continue reading PM Khan rejects hike in prices of petroleum products

Govt making efforts to revive manufacturing sector

Addressing the inaugural ceremony of the Lahore Chamber of Commerce and Industry (LCCI) app for apple IOS and its upgraded website on Saturday, Minister for science and technology said that the government is making earnest efforts to revive the manufacturing sector as it was necessary for economic revitalization. The manufacturing activities have brought about a… Continue reading Govt making efforts to revive manufacturing sector

Farmers in Punjab to receive a digital portal

In an era where we are experiencing a digital and technological revolution and almost every sector of the economy has some sort of a digital presence, Punjab’s farmers are lagging far behind.  Therefore, agricultural experts from the province have decided to create an online portal to help bridge the technological gap. Through this portal, farmers… Continue reading Farmers in Punjab to receive a digital portal

LCCI asks govt to declare cotton emergency

The Lahore Chamber of Commerce and Industry (LCCI) has asked the government to declare a cotton emergency in the country as the historic dip in cotton production has started damaging the economic chain, a statement said on Thursday. This crisis-like situation in cotton production has severely affected the textile sector, other industries directly or indirectly… Continue reading LCCI asks govt to declare cotton emergency

Govt decides to set up tax policy unit

After a delay of over two years, Finance Minister Dr Hafeez Shaikh on Thursday approved the establishment of an Independent Tax Policy Unit (TPU) in the Ministry of Finance with the objective to take away the policy formation powers from Federal Board of Revenue (FBR) and improve taxation governance. The job of this TPU would… Continue reading Govt decides to set up tax policy unit

Circular debt paralyzes Pakistan’s power sector

Pakistan has been convulsed by power outages since 1990s and this has hampered the growth of the manufacturing and services sector along with disrupting the routine lives of the citizens. According to the report released by Macro Economic Insights, this electricity crisis is estimated to have cost the economy at least 2 per cent of… Continue reading Circular debt paralyzes Pakistan’s power sector

NEPRA approves an increase in electricity prices

The National Electric Power Regulatory Authority (NEPRA) has once again hiked up the electricity prices by approving an increase of Rs 0.83 per unit. This increase in the prices would come into effect once a notification is issued by the government. According to NEPRA, the decision was made in the context of adjustment for 2019-20… Continue reading NEPRA approves an increase in electricity prices

Textile Sector challenges to be brought to PM’s attention, Razzak

Via an online meeting with representatives of textile and value-added sectors, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood assured that their problems would be raised with PM Khan and the federal cabinet. During the meeting, the advisor said that the government would try to resolve the problems that the textile industry… Continue reading Textile Sector challenges to be brought to PM’s attention, Razzak