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Govt successfully steers country out of economic turmoil, says Rana Sanaullah

ISLAMABAD: Advisor to the Prime Minister on Political and Public Affairs, Rana Sanaullah said that the government has successfully steered the country out of economic turmoil, providing a stable foundation for further progress. Talking to a private news channel, he said that Parliament remains the best platform for discussing and resolving national issues. “We believe every matter should be addressed through democratic means,” he asserted. Addressing concerns regarding coalition partners, he acknowledged that minor disagreements are natural in coalition governments but clarified that there is complete understanding on fundamental issues. Replying to a question, he said that political matters must

Economic indicators improving due to govt’s efforts: PM Shehbaz

Prime Minister Shehbaz Sharif says provision of essential items to the people at affordable prices is the top priority of the government. In a statement, he expressed satisfaction over the continuous decline in the Consumer Price Index inflation. He also expressed confidence that inflation will decrease further. The Prime Minister said the current government is completing its one year in office and this is extremely good news on this occasion. He said it is very encouraging that inflation has come down to 1.5 percent last month, which is the lowest inflation rate since September 2015. He said the average inflation

SIFC paving way for foreign investments to boost economy

Special Investment Facilitation Council is paving the way for investments from different countries to improve the country’s economic situation. In this regard, Memorandums of Understanding (MoUs) have been signed between Pakistan and the United Arab Emirate aimed at enhancing bilateral cooperation. The UAE has expressed interest in investing in various sectors, including banking, mining, railways and infrastructure. A significant agreement between Pakistan Railways and the UAE’s Etihad Rail is expected to improve the railway network. The strategic partnership between Pakistan and the UAE will enhance cooperation in trade, investment and energy sectors. Pakistan, Uzbekistan set $1 billion trade target: Uzbek

Fuel prices set to rise again in February

Pakistanis are bracing for another potential increase in fuel prices, with sources indicating that the government is planning to raise petrol and diesel prices by up to Rs3 per liter and Rs6 per liter respectively, starting February 1, 2025. The anticipated price hike is attributed to the rising global crude oil prices. Sources suggest a Rs3 increase for petrol and a potential Rs6 increase for high-speed diesel, based on a forthcoming bi-weekly review. The Oil and Gas Regulatory Authority (OGRA) will submit a recommendation to the relevant ministry, factoring in international oil prices and exchange rate fluctuations. The final decision

PM Shehbaz welcomes reduction in policy rate by SBP

Prime Minister Muhammad Shehbaz Sharif, welcoming the one percent reduction in policy rate by the State Bank of Pakistan, has said it would help boost the investors’ confidence in the country’s economy. In a statement, he termed the policy rate reduction to 12 percent as a welcome move for the economy and expressed the hope that it would pave the way for increase in investment. The Prime Minister said the policy rate has been reduced due to the low inflation rate. He expressed his optimism that the inflation would further decrease in the coming months. He also lauded the efforts

SIFC’s Executive Committee stresses coordination to boost industrial sector

The Executive Committee of the Special Investment Facilitation Council (SIFC) has stressed the importance of close coordination and cooperation among relevant stakeholders to strengthen industrial sector in the country. It was decided in the 12th meeting of the committee held in Islamabad today with Minister for Planning, Development Ahsan Iqbal in the chair. The meeting reviewed progress of ongoing projects and policy initiatives across various sectors. It commended the ongoing efforts to grant industrial status to the warehousing and logistics sectors. The objective of the meeting was to further improve the investment climate in the country and pave the way

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