ISLAMABAD, November 23, (INP-WealthPK): Pakistan’s economy is in dire straits since 50% of the economy is undocumented and it cannot be improved without regulating the informal sector, said Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha. Speaking in National Assembly question hour, she said the government will reform the tax system so that more people will be …
ISLAMABAD, Nov 23 (INP-WealthPK): Pakistan’s Railways needs to make full use of its locomotive manufacturing plant in Risalpur area of Nowshera district in Khyber Pakhtunkhwa province by way of technology transfer and putting it on double shift to enhance the production of locomotives locally. If the plant is put to full capacity, it would manufacture modern locomotives, help the country …
ISLAMABAD, Nov 23 (INP-WealthPK): Energy production in Pakistan is low and costly too. To cope with this serious issue, it is important to introduce the smartly designed facades in the country, reports WealthPK. This old concept, in its traditional format, is considered to reduce 25% to 30% energy cost but the smart facade technologies have made it 10 times more …
ISLAMABAD, November 23, (INP-WealthPK): A 24-paisa hike per unit in power tariff has been sought by the Central Power Purchasing Agency (CPPA-G) for the month of October under the Fuel Cost Adjustment (FCA) mechanism for WAPDA distribution companies. National Electric Power Regulatory Authority (NEPRA) has received the notification from the CPPA-G which stated that the actual cost of the per …
ISLAMABAD, Nov 23 (INP-WealthPK): Despite having the potential to produce bronze locally, Pakistan imports large quantities of the metal to make goods from it. The country not only can meet its local needs but can also export bronze and products made out of it if local manufacturing is initiated on a large scale and the subsequent value-addition industry is established. …
ISLAMABAD, November 23, (INP-WealthPK): Monitoring of air quality will be done on a regular basis in the Balochistan province after the installation of Air Quality Monitoring Stations (AQMS). Ten AQMS will be installed in the border areas at a total cost of PKR100 million for the said purpose. Technical staff to run the stations will be hired very soon through …
ISLAMABAD, Nov 23 (INP-WealthPK): The World Bank has announced $1.3 billion of financial support for Pakistan, as phase-2 of rehabilitation work has begun in the flood-hit areas. According to the bank assessment, Pakistan suffered Rs30 billion loss from the unprecedented floods. Talking to WealthPK, an official of the Ministry of National Food Security and Research said the flood-hit farmers will …
ISLAMABAD, Nov 22 (INP-WealthPK): Agricultural insurance is crucial for ensuring farmers’ financial security in the wake of extreme events, which often cause extensive damage to their crops. However, unfortunately, agri-insurance has not attracted significant attention in Pakistan primarily because the country’s agricultural sector is riskier due to a range of factors. Talking to WealthPK, Irshad Khan Abbasi, Head of Innovation and …
ISLAMABAD, Nov 22 (INP-Wealth): The renovation of the Islamabad Museum will increase the number of visitors, including researchers, students and heritage lovers, WealthPK reports. The renovation of the museum was recently completed. Now, 46 artefacts, confiscated in the USA and repatriated to Pakistan, have also been displayed in the museum. The renovated Islamabad Museum was inaugurated by Adviser to Prime …
ISLAMABAD, Nov 22 (INP-WealthPK): Like any other developing country, Pakistan needs to bridge the gap between rich and poor segments of society to achieve social and economic sustainability, WealthPK reports. According to experts, in most of the world’s developing countries, including Pakistan, the gap between rich and poor has widened over time. Reducing income inequality is the main agenda of …
