Ambassador of Turkmenistan to Pakistan Atadjan Movlamov has said that significant progress has been made on the bilateral transit trade between Pakistan and Turkmenistan.
‘SIFC – ANALYSIS BY MEDIA AND ECONOMIC EXPERTS’
Kamran Khan said that amid ongoing economic deterioration, SIFC is established to facilitate one window operation for investment and businesses. Army is the guarantor for investors’ facilitation and policy consistency as present
Dr Farrukh Saleem analyzes that out of 1800 billion Rs total defence budget, Pakistan Army will get approximately 800-900 billion Rs. Nobody talks about how much Pakistan Army returns back. Army returns Rs 500 to 600 billion annually.
#DefenceBudget
Key takeaways of Farrukh Saleem’s latest article “Unveiling The Lowest Defence Budget 2023-24 In Decades” are given below:
The budget allocation for defence has hit historic low, both as a percentage of GDP and as a proportion of the overall budgetary outlay,
What is Special Investment Facilitation Centre?
A 🧵
In response to Economic challenges, the government has launched Economic revival plan, which aims to tap into Pakistan's immense potential in sectors of defense manufacturing, agriculture, minerals, information technology,
“Pakistan Bonds Rally After IMF Deal, Bloomberg news” - Key Points
• The Deal arrives in the midst of Eid festivities.
• Making Pakistan really the third nation in South Asia to be able to get funds from the IMF to see through the economic situation and stabilize economy.
ARMS SALES IN RUSSIA UKRAINE CONFLICT
A 🧵
Russian Embassy recently issued a statement that, “Any arms deliveries to
#Ukraine
, wherever they come from, will be regarded as an openly hostile anti-Russia action, & will have an extremely negative effect on our relations with the
‘SIFC – ANALYSIS ON GREEN PAKISTAN INITIATIVE (GPI)’
Dr Ahfaq Hassan appreciated Green Pakistan Initiative (GPI) by saying:
• We utilize only 11% of our land for agricultural purposes.
• Pakistan is 5th largest country in terms of milk production. However, our livestock
ENSURE JUDICIOUS UTILIZATION OF EDUCATION BUDGET
A 🧵
Over the last decade, Education budget of Pakistan has increased from Rs.350 billion in FY2013-14 to a staggering amount of Rs.1 Trillion in 2022-23, an increase of 185.7%. (This includes budget allocated..
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آئیے ہم سب مل کر اس بات کا جائزہ لیں کہ کیا واقعی ہم اپنا پیٹ کاٹ کر پاک فوج کو پال رہے ہیں؟
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#DefenceBudget
#NationSalutes_PakArmy
#ڈٹ_کے_کھڑاہےاب_کپتان
#بنے_گا_نیا_پاکستان
Afghan transit trade: 25pc of total consignments to be picked for scanning: FBR
FY23 saw a $2.3 billion increase in Afghanistan's imports through Pakistan.
Rampant smuggling in
#Pakistan
caused revenue loss and undermined import curtailment efforts, while benefiting businessmen
UAP RAIL PROJECT
A 🧵
What is the Project?
Pakistan, Uzbekistan and Afghanistan signed an agreement to connect Uzbekistan and Pakistan's railway networks through Afghanistan.
'Analysis of
@81ShahbazRana
Story on IPSOS Survey about Pakistan Economy'
▪️ IPSOS Group (an acronym of Institut Public de Sondage d’Opinion Secteur) is a multinational market research and consulting firm with Headquarters in Paris, France.
▪️It issues various reports on
Fact check of concocted false assertions by sidelined/self proclaimed pseudo economists:
Assertion 1: Pakistan's total debt is so high that it will never be repaid.
Fact: As of June 2023, total public debt and liabilities of Pakistan are estimated to be about Rs. 72.978
#BigBreaking
EU MEPs have decided to roll over the rules on the Generalised Scheme of Preferences-Plus (GSP+) till 2027.
The European Parliament has approved the continuation of the GSP Plus scheme for
#Pakistan
.
Caretaker Federal Minister for Commerce and Industry Dr Gohar
Dark Side of Indian Economic Marvels - A Thread
Behind the pomp and show of the so called Rising
#India
, the abysmal realities reveal deplorable condition of its people, to include:
• Unequal Distribution of Wealth.
• Increased Ratio of Youth Un-employment.
• Wider Scale of
‘Dairy exports to China on the cards’
Punjab Livestock Secretary Masaud Anwar has announced that Pakistan will soon start exporting dairy products to China through a state-of-the-art farm developed in Sheikhupura.
Speaking at the Pakistan Agricultural Coalition’s
@FarhanKVirk
’s analysis on Pakistan’s Total External Debt 2018-2023 highlights the following:
Pakistan’s Total External Debt from 2018-2022 constantly increased, indicating poor economic policies of the former (PTI) government.
Whereas, in the first quarter of 2023, during the
Pakistan's trade imbalance can be addressed through IT sector: Dr Umar Saif
Caretaker Minister of Information Technology & Telecommunication Dr Umar Saif highlighted the potential of the IT industry in reducing the country’s trade imbalances.
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'TRANSIT ROUTE IN ACTION'
The first shipment of goods from China to Afghanistan has arrived in Gilgit-Baltistan via the Khunjerab border.
The transit route reduces travel time by 70% and logistics costs by 30%, promoting positive trade diversion.
It is likely that the efficient
In apex committee meeting with Caretaker PM Anwar Ul Haq Kakar and officials of
#Balochistan
Government at Quetta on October 10, 2023, Army Chief Gen. Asim Muneer stated that, "The army, in collaboration with law enforcement agencies and government departments, will provide
In its efforts to boost country's economy,
#SIFC
has been focusing on development of Yak farming in the country, recognising its pivotal role in Livestock.
Yak a bovine species is native to Himalayan mountains including
#GilgitBaltistan
region of Pakistan as well as
#Nepal
,
HOW PAKISTAN HAS MADE AFGHANISTAN IRRELEVANT?
There is often a misconception that Pakistan cannot carry out trade with CARs without using routes passing through Afghanistan or peace in Afghanistan is mandatory if Pakistan wants to access CARs.
Fact of the matter is that
پاکستان کی مثبت اقتصادی ترقی: امید کی کرن
ریاست پاکستان نے حالیہ دور میں معاشی کسمپرسی کا ایک بہت درد ناک دور دیکھا ہے جس سے نکلنا تقریباً نا ممکن سا لگ رہا تھا۔ لیکن پچھلے کچھ مہینوں سے ملکی عسکری و سیاسی قیادت کی انتھک محنت اور مخلصانہ کاوشوں کی بدولت پاکستان کی معاشی ترقی کے
An International Road transport (TIR) route opened between China’s inland city of Kashgar & Pakistani capital of Islamabad this week with first convoy of five trucks departing at an inaugural ceremony,
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#EconomicConnectivity
Pakistan Army has made benevolent contributions for well-being of Pakistanis:
1. Support for Disabled Civilian Patients
2. Treatment for Special Children
3. Establishment of Free Medical Camps..
#Chief_Justice_of_Pakistan
#ائین_کا_محافظ_عمران_خان
#آئین_پرڈٹ_گیا_چیف_جسٹس
BALOCHISTAN – A NEED FOR INTROSPECTION?
A 🧵
There is a popular perception that Balochistan is given less funds as compared to other provinces.
In order to make a rational judgment on this, we must consider few facts.
#Balochistan_Pakistan_Ka
#پاکستان_کا_بلوچستان
#SupremeCourt
World Bank has acknowledged Pakistan's commitment to economic reforms and reiterated its readiness to extend technical assistance and financial support to facilitate the country in achieving its developmental objectives.
In a meeting, Finance Minister Muhammad Aurangzeb briefed
#Breaking
Bulls returned to the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 700 points to breach the key 72,000 level for the first time.
The benchmark KSE-100 index gained 827.36 points, reaching 72,186 points, marking another record high at
The world’s top rice exporter, India, banned export of non-basmati white rice. Hence, there are high expectations that global rice prices will rise further, creating a lucrative opportunity for Pakistani rice exporters.
#FoodSecurity
#PakistanBasmatiRice
In a significant move to boost Pakistan’s global trade connections, Dr. Gohar Ejaz, Federal Minister for Commerce & Industries, has announced a compelling plan to establish Business Parks in major cities across the nation.
‘BEGINNING OF A NEW ECONOMIC ERA’
• Securities and Exchange Commission of Pakistan (SECP) registered 2,220 new companies in July 2023, a 25% increase from the previous year.
• The total capitalization for these companies was Rs. 3.3 billion.
• The total number of registered
‘Pakistan inflation hits at 23-month low, primarily due to base effect, reigniting hopes’
• General inflation in Mar-24 clocks in at 20.7%.
• General inflation in Feb-24 was at 23.1%.
• General inflation in Mar-23 was at 35.4%.
• Food inflation in Mar-24 stood at 16.6%, vs
Depoliticization of economy is process of reducing political considerations & influences over economic issues, economic policies & economic institutions. Depoliticization involves separation of political agendas from economic decision-making processes..
As the world shifts towards renewable energy sources, the demand for copper will increase to support the production of solar panels and wind turbines, which rely on copper components for efficient energy conversion.
#RekoDiqEconomicGoldMine
‘Pakistan's forex reserves improve’
• Country's foreign exchange reserves up by $239 million to $13.39 billion
•
#SBP
reserves up by $105 million to $ 8.0 billion
• Other Banks reserves up by $134 million to $ 5.37 billion
• Import cover: 1.54 months
#ForeignExchange
‘SIFC Initiates Transformation of Thandiani and Gunol into Tourism Hubs’
The Special Investment Facilitation Council (SIFC) has unveiled ambitious plans to revitalize Thandiani and Gunol, turning them into bustling tourism destinations in Khyber Pakhtunkhwa (KP), Pakistan. These
PAKISTAN’S ECONOMIC RESURGENCE
A 🧵
Pakistan’s Current Situation:
After a trying period of economic uncertainty and instability, Pakistan's economy has slowly but surely begun to show signs of recovery.
The government's efforts to implement structural reforms and attract
During Pakistan-Saudi Arabia Investment Conference, both countries explored multilateral investment opportunities and expressed interest in areas of mutual interest including Agriculture, Livestock, Information Technology, Telecommunications, Minerals, Energy, Tourism and Human
SIPRI – TRENDS IN INTERNATIONAL ARMS TRANSFERS
A 🧵
Pakistan mostly relies on
#China
for arms imports.
According to
#SIPRI
Database since 1970 China’s share of arms transfer to Pakistan has consistently increased.
#PakChinaFriendship
‘Economy-IMF Program’
📌
@shazbkhanzdaGEO
argued that government is ambitious to increase tax base. Do you consider that it is possible amid political pressure?
@MiftahIsmail
commented that:
• Government voluntarily imposed tax of Rs 41 Billion on retail sector during last
The Asian Development Bank (ADB) is dispatching a reconnaissance mission from 6-24 May 2024 to develop the scope, coverage, and design of the proposed $400 million Accelerating State Owned Enterprise (SOE) Transformation Programme, a Results-Based Loan (RBL).
The main objective
Positive Economic Developments for Pakistan
• Event – 1: 5 Sep, A delegation from Southeast University Nanjing, China called on Chairman National Disaster Management Authority (NDMA) Lieutenant General Inam Haider Malik and discussed different joint ventures in the domains of
SIFC identifies 9 power projects worth $6.87 billion
The Special Investment Facilitation Council (SIFC) has identified nine power sector projects at an estimated cost of $ 6.870 billion to be offered to investors on Government to Government (G2G) basis.
‘KSA eyes Pakistan as high-priority economic, investment opportunity: Saudi minister’
Ibrahim Al-Mubarak, Assistant Minister of Investment in the Kingdom of Saudi Arabia (KSA), said that the kingdom’s government and businesses consider Pakistan “a high priority economic,
The National Electric Power Regulatory Authority (NEPRA) on Wednesday directed the power distribution companies (Discos) to improve their performance in 15 days and submit a report in that regard.
#ElectricityBills
‘SIFC Progress: Multi Million Dollar Contract from Saudi Fund for Development’
A delegation from the Saudi Fund for Development (SFD) recently visited Azad Jammu and Kashmir (
#AJK
), and finalized agreements worth 101 million dollars to fund two
#Hydro
Power Projects: Shounter
How to control the growing circular debt? How important is the demand for a Charter of Economy? Why does our economy go through a growth-bust cycle?
@SaleemFarrukh
answers all these questions.
#CJPakistan
#WeRejectOneManShow
#آئین_پرڈٹ_گیا_چیف_جسٹس
This week marks a pivotal moment for Pakistan's economy as several crucial developments unfold:
• A high-level Saudi delegation, led by the Foreign Minister, has arrived in Pakistan to finalize Saudi Arabia's pledge of $5 billion, marking a significant infusion of foreign
Bulls continued their stampede at the Pakistan Stock Exchange (PSX) climbing more than 1,700 points in intraday trade to reach an all-time high of 78,445 points.
The positivity is due to the “dovish outlook” of Fitch Ratings for the country.
#PSX
#Espa
ña
#KTWIN
Ambassador of Iran to Pakistan Dr. Reza Amiri Moghadam highlights the potential for Pakistan-Iran bilateral trade to reach $5 billion annually. Enhanced air, rail, and maritime integration set to double trade, fostering regional and global economic growth.
#PakIran
‘Pakistan, Iran sign 8 agreements, MoUs’
In a historic visit, Iranian President Raisi announced to increase the volume of bilateral trade to $10 billion in the next five years.
Pakistan and Iran have signed eight agreements and MoUs for cooperation in diverse fields.
The
An increase in IT exports is being witnessed due to policy initiatives of Special Investment Facilitation Council (
#SIFC
).
According to State Bank of Pakistan's data,
#IT
exports stood at 257 million dollars in February, which is thirty two percent higher than the same period of
‘Disinformation by Shahbaz Rana Using Express Tribune’
▪️ Our earlier tweet on exposing disinformation spread by Shahbaz Rana using latest IPSOS Survey about Pakistan Economy stands corroborated by the press release of Prime Minister Office, stating that Shahbaz Rana’s story
‘Three oil refineries to ink strategic partnership with OGRA to boost energy sector’
Pakistan's three oil refineries, Attock Oil Refinery, National Oil Refinery and Pakistan Oil Refinery, are expected to sign an agreement with the Oil and Gas Regulatory Authority (OGRA) under
‘Pakistan to host ITCN Asia’
The 24th edition of Information Technology Commerce Network (ITCN) Asia, Pakistan's biggest IT and telecom expo and conference, will take place from April 18 to 20 at the Expo Center in Lahore.
State Minister for IT & Telecom, Shaza Khawaja, will be
United States has assured support for Pakistan’s efforts to manage its daunting debt burden.
US State Department Spokesperson Matthew Miller said that Pakistan has made progress to stabilize its economy and we support its efforts to manage its daunting debt burden. We encourage
‘SIFC starts improvement in national education policy’
Special Investment Facilitation Council (SIFC) has started collaborations with stakeholders at federal and provincial levels to improve national education policy in line with the demands of international market.
‘Pakistan, Finland jointly start work on Vocational Talent Boost Program’
Under the umbrella of Pakistan-Finland Cooperation, the vocational Talent Boost Program has been initiated for youth with a grant of 1.5 million euros.
The platform of Special Investment Facilitation
Prime Minister Shehbaz Sharif secured more investment assurances from Saudi Arabia
In a meeting, Finance Minister Mohammad Al Jadaan said that a delegation of Saudi investors would soon visit Pakistan.
Pakistan was a priority for their investment and Saudi Arabia would
SIFC has played a crucial role in spearheading initiatives geared towards fostering the country's economic progress.
The following highlights significant advancements with respect to SIFC.
1. 𝗔𝗿𝗮𝗺𝗰𝗼'𝘀 𝗘𝗻𝘁𝗿𝘆 𝗶𝗻𝘁𝗼 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻'𝘀 𝗘𝗻𝗲𝗿𝗴𝘆 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗔
Finance Minister Muhammad Aurangzeb anticipates an upgrade in Pakistan’s credit rating by Moody’s Investor Service soon, reflecting Pakistan’s strengthened economic fundamentals and government’s dedicated reform efforts.
Positive discussion held during Finance Minister’s meeting
In a Green Pakistan Initiative Conference, Army chief made a historic statement. In his address, he said that we are all a ‘united team’ and with support of people of Pakistan efforts of those who distract and obstruct Pakistan’s development journey will fail.
These are the
‘Experts predict sustained surge in Pakistan remittances amid political, economic stability’
“Recent months have seen effective control over the gap between
#interbank
and open market rates, leading to more remittances through legal channels as when this gap is wide, expatriates
The Oil and Gas Regulatory Authority (
#OGRA
) announced a reduction in Liquefied Petroleum Gas (
#LPG
) prices.
The producer price of 11.8 kg domestic cylinder of LPG has been reduced by Rs 76.09.
SIFC and Economic Development in Pakistan:
The SIFC aims to streamline economic growth indicators, facilitate policy reforms, and create an environment friendly to investors by channeling foreign investment into specific industries.
The SIFC aims to streamline the process for
پاکستان آرمی کا انکم ٹیکس نظام- انتہائی شفاف اور موثر
ہر مہینے پاکستان آرمی کے تمام افسران اور جوانوں کی تنخواہیں انکم ٹیکس کی کٹوتی کے بعد ان کو دی جاتی ہیں۔ اس میں وہ تمام سویلین ملازمین بھی شامل ہیں جو پاکستان آرمی میں اپنی خدمات سر انجام دے رہے ہیں۔
سال 2022-2023 میں
Pakistan Agricultural Coalition اور Pakistan Business Council نے مشترکہ طور پرایک رپورٹ بعنوان The State of Pakistan’s Agriculture 2023شائع کی-
رپورٹ کی گزارشات کےمطابق گزشتہ دو دہائیوں میں پاکستان کے زرعی شعبے کی ترقی جمود کاشکار رہی۔
#زراعت_ہمارا_مستقبل
#آئین_پرڈٹ_گیا_چیف_جسٹس
‘Pakistan readies for economic diplomacy push’
In an indication that negotiating for new loans with the International Monetary Fund and attracting foreign investment will take center stage in Pakistan’s future diplomatic engagements, Prime Minister Shehbaz Sharif has appointed
#BigBreaking
‘PSX hits a historic high’
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index traded at a record high of 71,515 points, up 0.8%, after earlier breaching the key 71,000 level.
This remarkable achievement reflects investors’ confidence in the country’s
POLITICIZATION OF MINERAL SECTOR
A 🧵
Pakistan has a huge untapped mineral potential worth US$ 6.09 Trillion.
This potential can be capitalized not only to bring economic stability in the country but also to create job opportunities in far-flung districts in the country.
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Special Investment Facilitation Council (SIFC) has been instrumental in driving various initiatives aimed at propelling the nation's economic growth.
Following are a few noteworthy developments with respect to SIFC.
1. Driving Digital Transformation: Advancing IT Sector
‘Reserves Grow to $14.62bn’
The foreign exchange reserves of both State Bank and commercial banks shot up. Reserves held by commercial banks showed a bigger jump than those with the
#StateBank
, going up by $152 million to $5.491 billion, while the SBP’s reserves rose by $15m to
Prime Minister Shehbaz Sharif is set to attend a special meeting of the World Economic Forum (WEF) today.
Headed by PM Shehbaz Sharif, the Special Investment Facilitation Council (SIFC) delegation will participate in the World Economic Forum meeting. Over 1,000 global leaders
‘IMF approves release of final $1.1bn SBA tranche’
The Executive Board of the International Monetary Fund (IMF) has approved the immediate disbursement of approximately $1.1 billion to Pakistan.
“The completion of the second and final review reflects the authorities’ stronger
‘Pakistan repays $1 billion in Eurobonds, says central bank’
Pakistan's central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund.
The bond, launched
The Plant for Pakistan Campaign, has been kicked off under Green Pakistan Initiative, by Special Investment Facilitation Council, aimed at restoring the land allocated for planting forests in the country and to promote plantation.
Under the Plant for Pakistan drive, a
SIFC has played a pivotal role in spearheading numerous initiatives geared towards fostering the country's economic progress.
The following highlights significant advancements attributed to SIFC.
𝟭. 𝗔𝗣𝗠 𝗧𝗲𝗿𝗺𝗶𝗻𝗮𝗹𝘀 𝗘𝘅𝗽𝗹𝗼𝗿𝗲𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁
𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁’𝘀 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝘀 𝗳𝗼𝗿 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗥𝗲𝘃𝗶𝘃𝗮𝗹 - 𝗔𝗻𝘁𝗶-𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗧𝗵𝗲𝗳𝘁 𝗖𝗮𝗺𝗽𝗮𝗶𝗴𝗻
The concerted efforts of the government and military leadership aimed at economic revival and addressing the
#electricity
crisis have
Special Investment Facilitation Council (SIFC) has achieved another major milestone in the energy sector. Mari Petroleum Company Limited (MPCL) has completed testing and drilling of third well in Ghazi area.
The well will be put into production as planned after completion of
‘Omer Ayub Statement about Engagement with ACWA Power ex KSA’
Omer Ayub recently claimed that Saudi businessmen’s investment in a solar energy project in Balochistan was disrupted following the PTI government’s ousting and formation of PDM-II government. Here is an analysis
‘SIFC Taking Steps for Promotion of Tourism in GB’
The tourism sector in
#GilgitBaltistan
is set for major development as the federal government, through SIFC, initiates the reconstruction of government guest houses.
In collaboration with Green Tourism Private Limited, this
Edufi Financial Services (Pvt) Limited, licensed as a Non-Banking Financial Company by the Securities & Exchange Commission of Pakistan (SECP), has launched the Study Now Pay Later (SNPL) initiative to achieve educational goals established under the Special Investment
Special Investment Facilitation Council (SIFC) has been instrumental in driving various initiatives aimed at propelling the nation's economic growth. Here are some noteworthy developments regarding SIFC-related projects:
• ITCN Asia 2024: Driving Tech Investment in Pakistan
‘Foreign Investment: Chinese Company To Manufacture Electric Vehicles In Pakistan’
China's leading electric vehicle manufacturer, B.Y.D, has shown interest in investing in
#Pakistan
in partnership with a local Mega Conglomerate to produce advanced electric vehicles in the
Free Zone Agriculture Industrial Park has been inaugurated in Gwadar.
The opening ceremony held at the China Business Center was attended by Chairman Gwadar Port Authority Pansad Khan Bilidi and Chairman
#China
Overseas Port Holding Company (COPAC).
Addressing the ceremony, the
Prime Minister Shehbaz Sharif informed the International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva in a meeting, that his government was fully committed to putting Pakistan’s economy “back on track”.
In a meeting on the sidelines of the
#WorldEconomicForum
Federal Minister for Energy Awais Ahmad Khan Leghari has clarified that the government has no plans to end the policy of solar net-metering.
The minister refuted media reports claiming that the government was scrapping the policy in favor of a new gross-metering mechanism,