ISLAMABAD, June 07 (INP) — Indigenous extraction of boron and its value-addition can help meet the needs of the local industry, leading to a reduction in its imports. “Additionally, the export of excessive boron-based products will also fetch precious foreign exchange,” emphasized Abdul Bashir, chief geologist with a Balochistan-based minerals firm. Talking to WealthPK, he said, “Boron can be extracted …

Fast-tracking 5Es Framework must for sustainable growth: expertsFast-tracking 5Es Framework must for sustainable growth: experts

ISLAMABAD, June 07 (INP) – Pakistan is facing the twin challenge of debt repayment and insufficient reserves, with the state-owned enterprises (SOE) performance being the country’s primary concern. Talking to WealthPK, Director of the Privatisation Commission Zain Gillani said the government had frequently bailed out these lossmaking companies. Their entire outstanding debt and liabilities as of December 2023 are PKR2.35 …

ISLAMABAD, June 07 (INP) – By leveraging the existing computer labs in educational institutions, the Gilgit-Baltistan government can empower the region’s youth to become freelancing entrepreneurs, bridging the digital divide and unlocking a brighter economic future for the region. Talking to WealthPK, Ghulam Rehman, President of Freelancers’ Association, Gilgit-Baltistan, said the region faces significant challenges in terms of economic opportunities …

FAISALABAD, June 06 (INP) – Cost-effective and energy-efficient Chinese home appliances have flooded the local markets, much to the relief of the inflation-hit consumers, but setting alarm bells for the local manufacturers. Ali Ahmed, who deals in electronic appliances, said that Chinese home appliances were impacting the Pakistani market significantly due to their affordable rates. Talking to WealthPK, he said …

ISLAMABAD, June 06 (INP) — Pakistan’s automobile sector is grappling with significant challenges as automobile production plummeted by 52.9% during the first half of the ongoing fiscal year (1HFY24) compared to the corresponding period of last year as economic slowdown bites, reports WealthPK. “The automobile sector is a significant contributor to Pakistan’s economy, providing employment opportunities and contributing to the …

ISLAMABAD, June 06 (INP) – The dynamics of employment are changing due to several factors, such as population growth, the mechanisation of farming practices, an increase in the labour force participation rate, and reverse migration from urban to rural areas due to the industrial slowdown. This was highlighted by Rafiullah Kakar, a social sector specialist at the Ministry of Planning …

ISLAMABAD, June 06 (INP) – The IT sector has been growing steadily over the years, but it still lags behind its competitors in terms of investment, innovation, and global competitiveness. The nation’s innovation and economic progress are greatly aided by the IT industry. Given how quickly the world is changing, Pakistan’s path to becoming a developed country depends on enhancing …

KARACHI, June 04 (INP) – The industrial associations in Sindh propose that the government facilitate them by rationalizing taxes in the next budget. “Instead of raising the tax rates, rationalization of taxes is the prudent policy to support businesses as well as to raise revenue,” representatives of the industries told WealthPK. Atif Rahmani, Secretary Nooriabad, Hyderabad Chamber of Commerce and …

ISLAMABAD, June 04 (INP) – Integration of Information and Communication Technologies (ICT) into the healthcare sector will revolutionize the future of medical services, bringing about a transformative shift in the way healthcare is delivered and accessed, said Dr. Muhammad Iqbal, MS DHQ hospital Chilas, while speaking to WealthPK. He said a new era of remote medical services and data-driven diagnostics …