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“All necessary support for IT companies to invest in Pakistan”

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The Special Investment Facilitation Council is facilitating investment in varied sectors, she stated while speaking to a delegation of Swedish companies in Islamabad today.

State Minister: The current administration places great emphasis on economic digitization. The digitization of the Federal Board of Revenue, according to her, has already begun.

She stated that the prime minister will serve as the commission’s head and the four provinces will each have a representative on the commission.

For the first ten months of the current fiscal year 2023–24, Pakistan made US $2.593 billion by offering various Information Technology (IT) services to different nations.

According to the Pakistan Bureau of Statistics (PBS), this indicates a gain of 20.41 percent when compared to the US $2.135 billion received through the provision of services during the corresponding months of the previous fiscal year 2022–2023–23.

From US $1.729 billion in July of last year to US $2.153 billion in July through April of 2023–24, the export increased by 24.55% over the reviewing months.

The export of computer services saw a rise of 10.80% in software consultation services, from US$ 633.107 million to US$ 701.456 million this year, and a 19.24% growth in hardware consultancy services, from US$ 4.793 million to US$ 5.715 million.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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