The government on Friday approved the export of an additional 500,000 metric tons of sugar. This decision comes amid concerns of manipulated stock figures and consumption patterns, reflecting the strong influence of sugar barons on policy-making. The Economic Coordination Committee (ECC) based the approval on conflicting data compared to previous reports. This decision raises questions about transparency and the credibility …
Read More »
Pakistan has relaxed its bidding rules to directly award a $2 billion contract to China for constructing a critical section of the Karakoram Highway, enhancing its strategic road connectivity with China. At the same time, the government approved a Rs78 billion incentive package for banks and exchange companies to boost foreign remittances. Direct Award of Road Contract to China The …
Read More »
Overview of ECC Meeting On August 30, 2024, the Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb, convened to discuss critical economic policies and projects. The meeting focused on revising home remittances incentive schemes and making decisions regarding major infrastructure projects under the China-Pakistan Economic Corridor (CPEC). Revisions to Remittances …
Read More »
The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, approved a substantial Rs60 billion relief package on Thursday to provide subsidized essential goods to poorer households. This move represents a 71% increase from the previous year’s allocation, driven by a significant rise in the prices of basic commodities. Key Features of the Relief Package The …
Read More »The recent decision by the federal government to reject a proposal for a Rs7.3 billion grant to aid Pakistan International Airlines (PIA) has sparked a wave of concerns and discussions, especially given the airline’s ongoing struggles with debt and legal disputes. This move aligns with the government’s commitments to the International Monetary Fund (IMF), emphasizing the complexities faced by PIA …
Read More »
Khashif Talks Unlock Knowledge & Explore with Khashif Talks!