ADB okays new energy policy

MANILA (our correspondent):- The Asian Development (ADB) has approved a new energy policy to support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. “Energy is central to inclusive socioeconomic development, but the expansion of energy systems has come at the cost of harmful impacts on […]

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PM Imran led Govt takes Rs1.17 tr debt in one month

ISLAMABAD (Eshfak Mughal ):- Pakistan’s Central Government debt climbed by Rs 1172 billion to Rs.39.87 trillion during the first month of the current fiscal year 2012-22, according to the report issued by the State Bank of Pakistan mainly due to increase in external debt. The report said that the central government debt has been increased […]

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UAE becomes full member of European Bank for Reconstruction and Development

The United Arab Emirates (UAE) has become a full member of the European Bank for Reconstruction and Development (EBRD) and its 72nd shareholder, setting the stage for new investment opportunities across the Bank’s regions. The UAE will not become an EBRD country of operations. The UAE government applied for EBRD membership in September 2020, expressing its wish to contribute to the Bank’s […]

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Inflation likely to surge in Pakistan, ADB forecasts

ISLAMABAD (Eshfak Mughal):- The Asian Development Bank has forecased that Pakistan could face inflationary pressure due to economic recovery and risen oil prices during the current fiscal year. The bank has published it’s report “Asian Development Outlook (ADO) 2021″ (ADO) 2021 today during the current fiscal year, Inflation in the country is projected to slow […]

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ADB portrays black picture of Afghan economy after Taliban taking over

ISLAMABAD (Eshfak Mughal):- The Asian Development Bank has portrayed plack picture of Afghan economy after taking over of the Taliban from mid August. The bank has published it’s report, Asian Development Outlook (ADO) 2021 today in which it has tried to tell that the country has no future without international assistance. In April, ADB estimated in […]

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Pricing mechanism for divestment of Pak Re-Insurance company approved

ISLAMABAD:- The Board of Privatization Commission has approved the pricing mechanism for divestment of Government of Pakistan’s shares in Pak Re-Insurance Company Limited. The 9th Privatisation Commission, Board meeting of the current year held in Islamabad, under the chairmanship of the Federal Minister and Chairman Privatisation Mohammedmian Soomro. Federal Secretary, Board members, senior officers of […]

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SECP further amends Public Offering Regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations, 2017 to introduce a regulatory framework for Special Purpose Acquisition Companies (SPAC). The introduction of SPAC in Pakistan’s market is expected to boost up activities in the primary market, encourage new listings and help companies to tap capital for large […]

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Pakistan: Ghee, oil’s prices likely to decrease

SLAMABAD…The Pakistan Vanaspati Manufacturers Association (PVMA) announced an immediate reduction in the price of ghee and cooking oil followed by the Government decision to demolishing of further sales tax regime on such items .  Central Chairman of PVMA Sheikh Abdul Waheed has directed all ghee and cooking oil producers to reduce prices immediately so that […]

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