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Billions of dollars are lost as a result of PTI protests: The economy loses Rs 190 billion per day as a result of protests: FM

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2 months ago

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The economy is losing 190 billion rupees every day as a result of PTI protests, according to Federal Finance Minister Muhammad Aurangzeb.

The impact of these protests has been documented in a report by the Ministry of Finance.

The country’s GDP is losing 144 billion rupees every day, according to the report, with further losses in the telecom and IT industries.

The loss of 26 billion rupees per day is also having a significant impact on exports. A daily loss of three billion rupees is the effect of the decline in foreign investment.

The federal government alone loses 190 billion rupees every day, and provincial losses are significantly greater, Minister Aurangzeb underlined.

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The inaugural senior citizen club in Pakistan will be created in Peshawar.

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11 hours ago

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Peshawar is poised to inaugurate Pakistan’s inaugural government-operated Senior Citizen Club, as the project’s PC-1 nears completion.

KP Chief Minister Ali Amin Gandapur declared that following its successful execution in Peshawar, the program will be extended to other districts.

Official photographs of the proposed project, showcasing the club’s design and amenities, have been disseminated on the Chief Minister’s official page.

The club will cater to individuals aged 58 and above, offering free medical care, dining options, indoor games, a gym, a salon, and other recreational amenities.

The Senior Citizen Club will provide residential rooms for temporary housing of its members.

The Chief Minister of KP affirmed his dedication to guaranteeing the project’s success and improving the quality of life for elderly persons.

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With $488.4 million invested, the power sector leads the FDI surge in FY 2025.

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12 hours ago

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Investment in eco-friendly technologies and renewable energy is increased by the Special Investment Facilitation Council, opening the door for sustainable development.
The first half of fiscal year 2025 saw a 20% increase in foreign direct investment, reaching $1.3 billion.
FDI is highest in the power sector, which received $488.4 million in the first half of fiscal year 2025.
The oil and gas industry receives $166.7 million in investment, while the financial services industry draws $353 million.
China has invested $535.5 million in the first half of FY 2025, making it the largest partner.
Growth in the Digital Economy is Driven by Foreign Direct Investment: Pakistan’s IT Sector and Skilled Workforce Face Significant Opportunities

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China Invests in Pakistan: $250 Million Memorandums of Understanding Signed to Promote Medical Trade

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12 hours ago

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With the assistance of the Special Investment Facilitation Council and government initiatives, Pakistan has established a climate that is conducive to investment.

A total of 80 Chinese businesses have shown their desire to collaborate in Pakistan’s medical equipment industry.

To encourage trade in the medical and surgical industries, memorandums of understanding estimated at $250 million have been inked.

In order to grow Pakistan’s medical equipment industry, Chinese businesses are promoting collaborative partnerships. It is anticipated that China’s cutting-edge technology would support the expansion of the medical sector, drawing investors with tax breaks and a highly qualified workforce.

Chinese investment is anticipated to support further growth in Pakistan’s medical industry, which is currently valued at over 600 million dollars.

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