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Introduction In a significant development for Pakistan’s maritime sector, Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh has announced plans to travel to Denmark this month to finalize a Memorandum of Understanding (MoU) with Maersk, one of Europe’s leading shipping companies. The agreement, which is set to see Maersk invest $2 billion, aims to transform Karachi into a major transshipment …

Introduction In a recent Senate Standing Committee on Energy meeting, Energy Minister Awais Leghari highlighted a dramatic increase in electricity costs from Independent Power Producers (IPPs), with unit prices soaring from Rs. 3 in 2016 to Rs. 285, marking a staggering 9600% rise over eight years. This revelation underscores significant concerns about the current structure and agreements with IPPs. Concerns …

Introduction On Monday, the Pakistani government decided to defer the privatisation of the National Bank of Pakistan (NBP) due to legal hurdles, contradicting a prior commitment made to the International Monetary Fund (IMF). This decision highlights ongoing challenges in Pakistan’s efforts to reform state-owned enterprises (SOEs) and align with international agreements. Legal and Policy Challenges Last month, Pakistan assured the …