Unpacking Pakistan’s Deportation Policy: Fueling Afghan “Poppy” Surge and Straining Relations?
Pakistan’s Deportation Policy Can Drive a Surge in Afghan Poppy Cultivation.
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Chinese Firms’ Withdrawal Dents Pakistan Steel Mills Privatization
Amid a substantial downturn in Chinese investment in the China-Pakistan Economic Corridor (CPEC), several major Chinese companies have withdrawn from the proposed acquisition and investment in state-run Pakistan Steel Mills. The decision marks a setback for the privatization of this largest non-functional 19,000-acre industrial facility. Before ceasing its operations in June 2015, the facility was…
Pakistan’s weekly inflation eases
Pakistan’s weekly inflation rate eased by a third of a percentage point over the previous week driven by a decline in some kitchen items’ prices, especially pulses, chicken, onions, rice, sugar, and wheat flour. During the week ending on October 26, chicken prices in one week dropped by 10.2 percent to Rs312/kg, while onions became…
Pakistan Halts Auto Parts Import Quotas for Japanese Carmakers Over Policy Violations, No Licenses Revoked
Pakistan’s has ceased the revalidation of the auto parts imports quota of three Japanese carmakers Toyota, Honda and Suzuki for violating the requirements of auto policy 2021-26. No license has been suspended. They policy calls for localization of vehicles while these companies are importing over 75 percent from japan including engines. Besides, the policy has…
U.S. Imposes Sanctions on Chinese Firms for Alleged Missile Tech Supply to Pakistan
In a major move, the United States imposed sanctions on three Chinese companies on Friday for their alleged involvement in providing Pakistan with ballistic missile technology and components, a statement of the U.S. State Department said. It says that the sanctions were imposed in alignment with the global nonproliferation regime. The sanctions come after Pakistan…
Pak Suzuki Motor Company to Delist from Pakistan Stock Exchange
The Board of Directors (BoD) of Pak Suzuki Motor Company (PSMC) announced its decision to acquire all outstanding shares of the company and delist from the Pakistan Stock Exchange (PSX), as disclosed in a notice issued to the bourse on Thursday. The decision, made during a BoD meeting of the Suzuki motors, follows the PSX…
How Americans Reacted to the Inflation Crisis?
Over the last two years, high inflation has adversely affected the American economy. This inflation crisis is undermining the financial well-being of millions of citizens, especially of the fixed-income population. Notably, basic necessities, like food, fuel, and housing, have become increasingly expensive, further burdening individuals. The high inflation has pushed citizens toward fiscal prudence and…
Sawiris Mulls $7bn Investment in Reko Diq; Saudi Arabia Wants to Be Partner
Naveed Ahmed Following Saudi Arabia, Egyptian tycoon Naguib Sawiris, a luminary in the realms of telecommunications and gold mining, is also considering a substantial investment in Pakistan’s Reko Diq Copper Gold project. As far as the volume of foreign investment is concerned, Sawiris wants to invest $7 billion. He wants to expand his business footprint…
Pakistan Hosts 14-Nation Indus Shield 2023 Air Warfare Exercise
Pakistan and over a dozen other countries are taking part in the mega Air Warfare Exercise, Indus Shield 2023. Pakistan Air Force (PAF) is hosting this 14-nation air exercise, at an operational air base of PAF. As one of the mega aerial warfare exercises of the region, it is marked as a significant milestone in…
U.S. Urges Saudi Arabia and China to Pressure Hamas, Halt Conflict
Can the U.S. De-Escalate Hamas-Israel Conflict? Involving China and Saudi Arabia to Calm Hamas While Not Stopping Israeli Civilian Killings. The United States has asked Saudi Arabia and China to use their influence and pressure Hamas to stop their militant activities, release hostages, and prevent the Israel-Hamas war from spreading. On Sunday, the U.S. Secretary…
Pakistan to Auction 5G Spectrum by August 2024
Pakistan is gearing up to auction the 5G spectrum by August 2024, following the approval of the Federal Cabinet—the country’s top decision-making body headed by Prime Minister The Cabinet also established an advisory committee tasked with overseeing preparations for this auction. The Finance Minister will head this committee, while the Minister for Information Technology and…
World Bank Vows Comprehensive Template to Boost Pakistan’s Power Reform
World Bank while pledging its support for Pakistan’s ongoing power sector reform efforts, promised to deliver a comprehensive privatization template to Islamabad next week, with the aim of expediting the privatization process for the Power Distribution Companies (DISCOs). Simon Stolp, South Asia Practice Manager for Energy at the World Bank, and his team met with…
Why Israel is selling $30 billion in foreign currency?
Israel has announced to selling of up to $30 billion of foreign currency in the open market to stabilize its own currency ‘Shekel’. This is the first-ever sale of foreign exchange. The Bank of Israel has taken the decision on Monday as the government is feeling the brunt of the ongoing war with Hamas. Owing…
Saudi Arabia Ends Talks on Normalizing Relations with Israel
Surprisingly, Saudi Arabia has declared that they are no longer going to engage in any talks concerning normalizing relations with Israel. US Secretary of State Antony Blinken was informed that the talks were over, signaling a setback in recent American efforts to bring reconciliation and peace between them. Saudi Arabia’s decision to freeze talks sparks doubts on…
India Elderly Population to Double by Mid-Century
The United Nations Population Fund (UNFPA) has predicted that by mid-century, the ratio of the elderly population in India aged over 60 years will double. Presently, a tenth of the Indian population is aged 60 plus, and by 2050, it will be a fifth of the total population. The report says that there are 149…
Russia to Ease Diesel Export Ban with Price-Control Quotas Soon
Russia is likely to relax a ban on pipeline exports of diesel in a few days with quotas to prevent price spikes. The ban on gasoline exports will continue for now, as per the daily Kommersant, citing unknown sources. Despite being the top oil producer, Russia has faced recent fuel shortages locally. It was because…
How to Recover Money If My Cash App Account is Compromised?
In today’s advanced technological and digital age, money transaction has become more convenient with the introduction of mobile apps like Cash App. But, at the same time, cybercriminals have also invented novel ways to target these apps. It is a matter of serious concern that people sometimes find their accounts compromised. But, still, there are…
Is Meta to charge EU users for Ad-Free Facebook and Instagram?
Mark Zukerberg’s Meta to introduce Facebook and Instagram subscription models for Europeans and charge a monthly fee Meta is considering the possibility of charging Europeans $13/month for ad-free versions of its Instagram or Facebook apps. Mark Zuckerberg’s company is to take the move in response to the European Union’s privacy regulations and ECJ’s recent ruling. Notable,…
Pakistan Hikes Liquefied Petroleum Gas Prices by 8.7% in Response to Saudi Aramco’s Action
Pakistan has implemented an 8.7% increase in liquefied petroleum gas (LPG) prices for October 2023, equivalent to Rs20.86 per kilogram, affecting both domestic and commercial consumers. The new pricing, effective from October 1, 2023, establishes a rate of Rs3,080 for an 11.8 kg cylinder. This move represents the third consecutive month of LPG price hikes….
Hey, Is Temu Legit? Here’s What You Should Know Before Ordering
Consider Temu for budget-friendly online shopping. Let’s dive in. A Chinese online store has gained fast popularity for its ultra-low prices, with items like sunglasses for $2, necklaces for $1, and glow-in-the-dark pet collars for $3, often under $30. While it’s likened to Shein, Wish, and AliExpress, Temu stands out from a wider product range. Shein…