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Prime Minister Sharif pledges to tackle escalating electricity costs this week.

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Prime Minister Shehbaz Sharif has reaffirmed his administration’s dedication to tackling the problem of elevated electricity costs, asserting that Pakistan cannot advance without economical energy.

At a federal cabinet meeting on Tuesday, the premier declared intentions to have a comprehensive session this week to examine strategies for decreasing power expenses.

During a cabinet briefing, Prime Minister Sharif provided updates regarding his recent meeting with UAE President Sheikh Mohammed bin Zayed Al Nahyan in Rahim Yar Khan.

The UAE leader has generously extended the repayment time for a $2 billion loan due in January, a significant gesture of assistance, according to the prime minister.

Latest on PM Shehbaz’s cabinet meeting about PTI

The Prime Minister acknowledged that the suggestion for the extension originated from Sheikh Mohammed bin Zayed Al Nahyan, for which he expressed his gratitude. The two leaders also deliberated on strategies to augment investment in Pakistan.

Reinstatement of SMEDA and economic advancement

During the meeting, PM Shehbaz criticized the Small and Medium Enterprise Development Authority (SMEDA) for its inadequate performance, deeming it a “burden on the economy.”

National Cabinet

He disclosed that his government had recently reconstituted the board of SMEDA and expressed hope for greater collaboration between federal and provincial governments to rejuvenate the institution. He stated, “SMEDA possesses the capacity to serve as the cornerstone of Pakistan’s economy.”

The premier also acknowledged the rise in textile exports, emphasizing its vital contribution to enhancing the nation’s foreign exchange reserves.

Enhancing commerce with Indonesia

Prime Minister Sharif notified the cabinet that Indonesian President Joko Widodo is set to visit Pakistan later this month. He underscored the significance of the visit for bilateral trade and pinpointed halal meat and rice as crucial export potential to be addressed during the discussions.

Denunciation of the assault in Lower Kurram

The Prime Minister denounced the recent assault on an official convoy in Lower Kurram as a “despicable act” aimed at destabilizing the peace accord in the area. He prayed for the prompt recovery of the deputy commissioner and those officers hurt in the assault.

Prime Minister Shehbaz commended the interior minister and his team for their endeavors in combating human trafficking, urging solidarity in eliminating the “atrocious trade.”

The cabinet was informed about the deployment of e-office systems throughout federal ministries. Officials reported that paper-based communication has been replaced by digital platforms in 21 ministries, marking a milestone in e-governance.

The cabinet approved multiple measures, including the signing of a memorandum of understanding with a Chinese firm for the creation of textile parks. Furthermore, the government exempted the acquisition of used Chromebooks for educational institutions from Public Procurement Regulatory Authority (PEPRA) regulations while requiring a third-party audit to guarantee transparency.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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Haris Rauf is replaced by Akif Javed for the tri-nation series.

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Haris Rauf suffered a lower chest wall sprain during Saturday’s game against New Zealand, and it has been recommended that he reste.

“Haris Rauf is anticipated to be fully fit and available for selection for the ICC Champions Trophy 2025, so the replacement is only for the tri-nation ODI series,” a PCB spokeswoman stated.

The selection committee of the Pakistan Cricket Board met to talk about potential successors, and Mohammad Ali, Akif Javed, and Muhammad Wasim Jr. were among the candidates who were discussed.

An update regarding pacer Haris Rauf’s injury sustained during the tri-nation series match between Pakistan and New Zealand was previously released by the PCB.

The right-arm quick’s participation for the forthcoming Champions Trophy 2025 was questioned when he departed the field during the encounter on February 8 at Gaddafi Stadium in Lahore due to a side strain.

Following MRI and X-ray tests, it has been determined that Haris Rauf, a fast bowler for Pakistan, sprained his lower chest wall muscle during Saturday’s game against New Zealand. He should be fully recovered for the ICC Champions Trophy 2025, which starts in Karachi on February 19, according to a statement from the PCB. The ailment is not significant.

For the Pakistan pacer’s match against South Africa on February 12, the PCB medical board has chosen to rest him as a precaution and as part of his continued recovery.

After Kane Williamson and Daryl Mitchell scored fifties, Glenn Phillips’ undefeated century helped New Zealand defeat Pakistan in the opening match of the tri-nation series.

The Kiwis have already guaranteed their spot in the grand finale with two out of two victories, and on February 12, Pakistan will play South Africa in Karachi in a virtual semi-final of the series.

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The Jaffar Express carriage has derailed at Naseerabad.

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A carriage of the Jaffar Express derailed on Tuesday at Naseerabad, a city in Balochistan province, when the train was en route from Lahore to Quetta.

The event occurred at Notal railway station near Naseerabad, where a train bogie derailed. However, no casualties were reported.

Traffic on that section was halted owing to the event.

A few days ago, three bogies of Shalimar Express, a train bound for Karachi, derailed near the Shahdara railway station on the outskirts of Lahore.

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