Three to four companies have hijacked the entire electricity system, said the Federal Secretary Ministry of Water & Power, Hyder Shah, during a meeting of the National Assembly Standing Committee on Power.The secretary expressed frustra…

Federal Secretary Power, Asif Hyder Shah, has said that by the end of the current fiscal year, the circular debt would be reduced by Rs. 350 billion.While talking to ProPakistani, Secretary In-charge Power Division said that the circular debt is now ac…

The government is in the process to finalize a 3-year strategic growth framework to enable all ministries and departments to work together for employment generation and overall economic growth.To review the progress, the Deputy Chairman Planning Commis…

Carrefour, owned and operated by UAE-based Majid Al Futtaim in Pakistan, has added a further Rs. 1 billion to its current investment of Rs. 9.5 billion in the country with the inauguration of a new hypermarket in Gujranwala.The new standalone hypermark…

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir has responded to the criticism of him by the opposition parties, especially with reference to various conditions set by the International Monetary Fund (IMF) — for the renewal of a $6 billion loan fa…

Borrowing from banks by the private sector mainly to invest in businesses surged to a remarkable level of over Rs. 1 trillion in the calendar year of 2021.According to Prime Minister Imran Khan, credit to the private sector by banks surged to over Rs. …