Hammad Azhar explains the electricity shortfall as PTI MNA criticizes govt
As the PTI MNA Noor Alam Khan argued that Pakistan is a poor country, so why are the people(officers) of the government being given free electricity when people are dying due to excessive load shedding, Hammad Azhar replied about the progress made by PTI government in the sector.
Statistics show Pakistan posted historically high Agriculture yields in FY21!
The government of Pakistan has shared information showing growth in the yield of major crops in Pakistan like maize, wheat, sugarcane, rice, onions, and pulses. The data shows that in the current year the yield in all these crops saw a major positive change, which government attributes to the new agriculture policies.
The new development budget 2021-22 explained!!
The Minister said that the allocation for the federal development budget is Rs900 billion for 2021-22 against Rs650 billion for 2020-21, showing an increase of 38.5 percent YoY, while the provincial development budget is of Rs1.2 trillion for 2021-22 against Rs867 billion for 2020-21, an increase of 38.6 percent.
Forbes lauds Pakistani policies amidst pandemic
The magazine said," Even giants like the United States and India have had difficulty dealing with the coronavirus pandemic. Donald Trump, Dwayne Johnson, and Ellen DeGeneres have all been infected by this virus. In this situation, Pakistan has succeeded in reviving its economy."
Cars to get more expensive because of this reason!
According to Intel CEO Pat Gelsinger, the chip shortage will last beyond 2022 as demand far outstrips supply. Reportedly, 3.8 million fewer cars would be produced due to this reason.
Pakistan’s exports increase in double numbers in last ten months!
The national assembly was informed by the government that Pakistan’s exports are up 13.4 percent to 21 billion dollars during the ten-month fiscal year 2021, from July 2020 to April 2021.
Elon Musk loses title of richest man overnight after ‘Diamond hands’ tweet
Elon Musk recently tweeted about how "Tesla has Diamond hands," but can he maintain that stance for long? And can those that he inspires?
Is Cryptocurrency becoming the modern-day Pyramid Scheme?
Cryptocurrency has become one of the most discussed topics. However, due to scarce information, the investors become prime scam targets.
PM Khan applauds FBR’s effort as tax collection exceeds targets
The increasing collection at the import stage(custom duty) and growing reliance on indirect taxes remained the two distinctive features of the FBR’s revenue performance in the first 10 months of the current fiscal year. It has led to higher prices for the poor people of the economy.
Pakistan getting a car from Huawei very soon!!
Huawei has unveiled its new hybrid SUV that has been developed by the smartphone company in collaboration with the electric car and equipment producer SERES. The two businesses declared their partnership at the ongoing Shanghai Auto show.
Gov.t again postpones decision on payments to IPP, LNG subsidy
Finance Minister Shaukat Tareen agreed to have separate discussions with relevant members and constituted sub-committees on both issues to discuss them further before reaching a decision.
Prime Minister worried about high rates of electricity
In 2023, which would be an election year, the capacity charges would reach Rs1,500bn, causing an increase in the electricity rate from Rs11.75 to Rs16.44 per unit. The cost of per unit electricity production is Rs22-23, Fawad Chaudhry said.