Was the launch of liquefied natural gas (LNG) imports by the Pakistan Muslim League-Nawaz (PML-N) government about a decade ago a blunder? This question arises when we look at the current situation. Pakistan and Qatar have recently reached an understanding to divert 24 LNG cargoes, meant for Pakistan in 2026, to other destinations. The government claims it will save Rs1,000 billion. The same
The World Bank Group said on Saturday it is working with global vaccine alliance Gavi to strengthen financing for immunization and primary healthcare systems, planning to mobilize at least $2 billion over the next five years in joint financing. The two organizations will also work together to advance vaccine manufacturing in Africa as part of a World Bank goal to help countries reach 1.5 billio
The Asian Development Bank (ADB) has approved three projects totalling $381 million to advance agriculture, education, and health services in Punjab. These development projects aim to foster economic growth in the province, which accounts for more than half of the country’s population and economic activity, read a statement on Saturday. “Investing in education, health, and agricultural mecha
The International Monetary Fund’s Executive Board will meet on Dec 8 to review Pakistan’s request for a $1.2 billion disbursement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), according to the Fund’s updated schedule. Pakistan and the IMF reached a staff-level agreement in October after negotiations in Karachi, Islamabad, and Washington. The deal,
The Collectorate of Customs Enforcement, Peshawar, has seized smuggled goods worth an estimated Rs74.4 million in a series of coordinated operations across Khyber Pakhtunkhwa, the Federal Board of Revenue (FBR) said on Sunday. In the largest action, the Enforcement Division in D.I. Khan intercepted three trucks carrying 12,200 kg of smuggled betel nuts, 4,021 sleeves of foreign-origin cigarette