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Despite the PTI campaign, Pakistan’s GSP Plus status will not change. Ata Tarar

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He described the web campaign as an attack on Pakistan’s economy and a plot against the country at a press conference held in Islamabad today.

According to him, the PTI is putting up this demand under the guise that jail amenities are not being given for its founder, Imran Khan. He made it clear that no other prisoner in the nation has access to the privileges provided to the PTI’s founding leader.

The Minister of Information stated that the amenities consist of three rooms, a kitchen, a walking gallery, and workout equipment. He claimed that in response to the PTI’s founder’s request, the prison administration is also providing the meals.

The Minister of Information made reference to the two-week prison meeting prohibition, but made it clear that this policy does not apply to just one institution. In light of the security risks, he added, a security audit is being conducted at the jails in Dera Ghazi Khan, Mianwali, and Adiala.

Attaullah Tarar expressed sadness over certain political factions seeking to harm the economy in order to further their own narrow agendas. But he made it clear that they would not be permitted to carry out their plans. The state and its national interests must be protected above anything else.

According to the Minister of Information, the administration is acting to solve the issues that the public faces, such as inflation, and to set the economy on a path of growth. He remarked

But he lamented the existence of a party that is blind to anything but its own political agenda. He said that they were the identical components of the violent activities on May 9.

Regarding his ministry, Attaullah Tarar said he was determined to act as a go-between for the press and the government. He promised to speak out for journalists’ rights and to keep his ministry’s doors open to them.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Discos report losses of Rs239 billion.

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When compared to the same period last year, the data indicates that discos have decreased their losses in the first quarter of the current fiscal year.

The distribution businesses recorded losses of Rs239 billion in the first three months of the current fiscal year, a substantial decrease from the Rs308 billion losses sustained during the same period the previous year.

Additionally, the distribution businesses’ rate of recovery has improved. It has increased to 91% in the first quarter of this year from 84% in the same period last year, indicating success in revenue collection.

Regarding circular debt, the Power division observed a notable change. Last year, between July and October, the circular debt grew by Rs301 billion. Nonetheless, this year’s first four months saw a relatively modest increase in circular debt, totaling about Rs11 billion.

These enhancements show promising developments in the electricity sector’s financial health in Pakistan, where initiatives are being made to accelerate recovery rates and slow the expansion of circular debt.

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