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Due to flash floods, Pakistan’s economic growth would slow to 2%, according to SBP

In the wake of the destruction caused by flash floods, the State Bank of Pakistan’s Monetary Policy Committee (MPC) predicted on Monday that the country’s economic growth will fall to 2% in FY23. According to information now available, the MPC anticipated GDP growth might decline to about 2% in FY23, compared to the earlier prediction […]

Punjab minister: Farmers have rapid, simple access to high-quality seeds

Punjab Seed Corporation is playing a critical role in supplying farmers with high-quality, reasonably priced seeds. Farmers should receive better services; it is necessary. Syed Hussain Jahania Gardezi, Punjab’s Minister for Agriculture, made this statement while presiding over the 122nd meeting of the directors of the Punjab Seed Corporation in Lahore. PSC Shan-Al-Haq, the meeting’s […]

130 businesses will attend the 6th Pakistan Industrial Expo from China and Pakistan

LAHORE: On October 15–17, Lahore will play host to the 6th Pakistan Industrial Expo, which will include over 130 businesses from China and Pakistan. Engineering agricultural machinery, CNC engraving and machine tool equipment, hardware tools, building supplies, alternative energy, auto, and motorcycle parts, etc. will all be on display. Pakistan Everest International Exhibition Company introduced […]

14.3% of electricity is still produced using coal

KARACHI: Due to decreasing imports, RLNG’s share dropped from 18.9% percent in August 2021 to 12.5% in August 2022, with coal’s contribution to power generation remaining same at 14.3%. The cost of RLNG in the power basket increased from Rs14.91/kWh in August 2021 to Rs24.72/kWh in August 2022, according to statistics. According to Muhammad, the […]

The lubricant oil sector is prepared to enter Gwadar Free Zone Phase II

9 OCT., GWADAR- In a significant milestone, a subsidiary of the Chinese firm Hengmei Technological Grease Company has decided to create a lubricant mixing factory in Phase II of the Gwadar Free Zone. After signing the sub-lease agreement, Hengmei Technological Grease Company, which has already been registered and incorporated with the Security and Exchange Commission […]

Tang International Education Group and National Skills University Islamabad sign a memorandum of understanding

9 October, ISLAMABAD (China Economic Net) – At the end of September, Tang International Education Group and National Skills University (NSU), Islamabad, signed a memorandum of understanding (MoU) on the development of the China-Pakistan International Industrial Academic Integration Alliance and a dual-degree collaborative education program. The founding vice chancellor of NSU Islamabad, Professor Dr. Muhammad […]

The Ministry of Foreign Affairs reacted to the Prime Minister of Pakistan’s heartfelt thanks to China for helping Pakistan combat floods

Mao Ning, the spokesperson for the foreign ministry, led a routine news conference on October 9. When questioned by reporters, Prime Minister Shabazz of Pakistan remarked that his country was extremely appreciative of the help given to Pakistan’s flood victims by the Communist Party of China, the Chinese government, the Red Cross, the brother provinces, […]

Projects authorized for Rs. 600 billion

The federal cabinet on Friday authorized 12 large-scale development projects for Rs 600 billion despite a limited economic outlook and the withdrawal of energy subsidies for the general public. These projects, which mostly pertain to the energy and communications sectors, were authorized by the Executive Committee of the National Economic Council (Ecnec) at its meeting, […]

Rupee best performing currency

The erratic rupee of Pakistan, which achieved the highest rise of 3.9% over five working days to Rs 219,924 to the dollar on anticipation of substantial inflows of foreign cash, was dubbed the “world’s greatest performing currency” in the week that concluded on Friday. In a brief analysis of currency movements, Tahir Abbas, Head of […]