Government injects Rs 80 billion cash in listed IPPs; more to come on June 7, 2021In the first installment of latest circular debt clearance, the government has settled 40% of the overdue receivables of Rs 200 billion for listed independent power producers (IPPs) while the remainder receivables are expected to be settled by Dec’21. Shahrukh Saleem, a senior analyst at AKD Securities Ltd informed that 40% settlement of dues is […]
Why Pakistan is missing its cotton bale targets? on June 3, 2021Pakistan’s cotton crop is in a melancholic state. The crop’s production has plummeted to a mere 5 million bales after producing a record 14 million bales in 2014-15, the fourth highest production in the world. Given the bleak situation, it is feared cotton areas may give in to some other instant cash crops. Where did […]
Public transport in urban Pakistan – a concept alien to the privileged? on June 3, 2021Pakistan’s urban life is constantly evolving. Housing schemes, mass level industrial infrastructure as well as systematic roads are being set up under Prime Minister Imran Khan’s urban development programmes. However, an all-inclusive public transport system is a concept yet to be encouraged by policy makers for the privileged segments of the population not only to […]
“Khidmat Aapki Dehleez Par”: Usman Buzdar goes digital for the masses on May 30, 2021 The Government of Punjab’s recent digital initiative called ‘Khidmat Apki Dehleez Per’ brings about a new approach to service delivery or ‘khidmat’ in our local terms. The program aims to revive government machinery for effective delivery of services in residential and other areas through the use of smartphones. Currently designed for the province of […]
Steel players expect growth for FY22 to be in the range of 6-10% on May 29, 2021 In a conference organised by AKD Securities Ltd, an analysis regarding industrial growth showed progress in the different sectors of the industry. Key players in the market predict growth rate for the coming fiscal year in between a booming 6-10 percent. The Pakistan Long Steel Conference (PLSC) was called where leading listed steel players […]
Why people take forever in the ATM cabin? on May 27, 2021 You have to do a chore and need to stop at the ATM on the way for cash. Or you could be late for work and find out your wallet is empty. What to do on the spot? Go to the nearest ATM of course and carry out that quick transaction! But for some […]
Green indicators for GDP growth rate? on May 27, 2021 Amid the emerging differences in figures regarding GDP estimates and indicators, the National Accounts Committee recently announced growth rates that ironically increased the controversy surrounding the same. The State Bank of Pakistan (SBP) and the International Monetary Fund (IMF) had initially estimated rates at 2.5 percent and 1.5 percent respectively in contrast to the […]