Pakistan
PM Shehbaz says relief in electricity bills on board in winter
He hints this relief during federal cabinet’s meeting
Islamabad: Prime Minister Shehbaz Sharif has given hint of a potential winter relief package to ease power costs and boost business confidence.
Presiding federal cabinet meeting on Tuesday, he highlighted targeted steps to support the economy and job creation, acknowledging the challenges but expressing optimism about Pakistan's resilience.
Following his recent Riyadh visit, PM noted that a Pakistani delegation had departed for Saudi Arabia to discuss partnerships in mining, solar energy, and IT—a field where both Saudi Arabia and Qatar are seeking skilled labour.
He urged the IT ministry to develop a strategy to meet the workforce demand with internationally qualified professionals.
The PM highlighted business-to-business agreements with Saudi Arabia, as well as a potential $2 billion memorandum of understanding with Azerbaijan, calling these “positive signals” for economic cooperation.
He commended the State Bank of Pakistan’s reduction of the policy rate to 15%, down from 22% earlier this year, a move he said would cut the country’s debt burden by Rs1.3 trillion.
The reduced rate is expected to stimulate investment in business, agriculture, and exports, providing much-needed fiscal space and spurring economic stability.
-
Sports 1 day ago
PCB appoints Azhar Ali as head of youth development
-
Technology 1 day ago
Crypto giant Bitcoin touches record high of $100,000
-
Business 18 hours ago
Gold glitters again in Pakistan after global price hike
-
Pakistan 2 days ago
UK announces new Rs37bn climate finance program for Pakistan
-
Pakistan 20 hours ago
No protest or rally is allowed in Islamabad, says Naqvi
-
Pakistan 17 hours ago
Govt to suspend internet services amid PTI protest
-
Regional 2 days ago
Punjab situation better than others, no compromise on merit: CM Maryam
-
World 1 day ago
'Negligent act': Indian Navy submarine collides with fishing vessel