ISLAMABAD, Dec 05 (INP-WealthPK) – The illegal remittance issue has plagued Pakistan for a long time putting pressure on the current account deficit. Speaking to WealthPK, Dr. Sajid Amin Javed, Deputy Executive Director at the Sustainable Development Policy Institute (SDPI), said the government was required to strictly implement long-lasting policies to counter the Hawala-Hundi operators who work illegally. According to …

  ISLAMABAD, Dec 4 (INP): The first 660-megawatt unit of Shanghai Electric 1,320 MW Thar coal-based power plant has been connected to the national grid. This was stated by Federal Minister for Power Khurram Dastgir Khan on Friday in a tweet,  according to Gwadar Pro. The minister termed the addition of low-cost electricity from indigenous resources as a good news …

  BEIJING, Dec 2 (INP): Pakistan’s rice export to China in the first 10 months of 2022 surpassed $425.90 million with a volume of 1,121,592.571 tons, China Economic Net (CEN) reported it on Friday quoting the General Administration of Customs of the People’s Republic of China (GACC). Data showed that during the first 10 months of 2022, bilateral trade in …

ISLAMABAD, Dec. 02, (INP-WealthPK)—Pakistan and Indonesia need to take full advantage of the global trade in Traditional Herbal Medicine (THM) whose market will reach USD 190.4 billion by the year 2027. The statement was made by the Indonesian Ambassador to Pakistan, Adam M Tugio while speaking at the seminar titled “Herbal and Traditional Medicines: A sustainable Alternative for the Greener …

ISLAMABAD, Dec. 02 (INP-WealthPK) – The export of various goods from Pakistan to African countries surged by 13.38% during the first four months of the current fiscal year, WealthPK reports. According to the data of the Ministry of Commerce, the volume of Pakistan’s exports to African countries reached $463.74 million during the first four months of the current fiscal from …

ISLAMABAD, Dec. 02 (INP-WealthPK): Pakistan and Malaysia have agreed to increase cooperation in areas of strategic technologies like 5G, Cyber Security and Regulatory Frameworks. The agreement was reached in principle during a meeting between the Chairman of PTA Amir Azeem Bajwa, and Interim Chairman of the Malaysian Communications and Multimedia Commission (MCMC), Tan Sri Mohamad Salim bin Fateh Din. Members …

ISLAMABAD, Dec. 02 (INP-WealthPK)—Multan Chamber of Commerce and Industry (MCCI) has issued a foreboding statement related to the soybeans stuck at Karachi port, unavailable for the production of eggs and chicken. MCCI has urged the government to release soybeans as soon as possible to prevent a shortage of supply of feed used in the production of broiler chicken. Otherwise, the …

ISLAMABAD, Dec. 02 (INP-WealthPK)–Pakistan has announced a number of unprecedented incentives to attract foreign investment to the Gwadar Free Trade Zone, WealthPK reports. The incentives include the provision of full ownership to foreign investors in certain sectors of the zone, tax holidays for businesses related to the zone for 23 years, the availability of land and plots on a 99-year …

  ISLAMABAD, Dec. 02 (INP-WealthPK) – The Government of Pakistan has decided to establish a special economic zone (SEZ) in Islamabad to facilitate smart and low carbon industry, WealthPK reported. The purposed economic zone namely, Islamabad Model Special Economic Zone (IMSEZ), will be established under the framework of China Pakistan Economic Corridor (CPEC). According to a report of the Board …

  ISLAMABAD, Dec. 02 (INP-WealthPK)–Experts have urged the authorities concerned to take advantage of the renewable energy potential of solar, wind and hydro to steer Pakistan out of the prevailing energy crises with a green and clean approach. They told WealthPK that Pakistan is facing energy crises despite having abundant resources and bounties of nature. A cohesive mechanism between small …