June 09, 2025

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Editor Economic Watch

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Business

Kashgar-Islamabad TIR route unveiled to augment China-Pakistan trade

By Editor Economic Watch
August 25, 2023
in :  Business

  Islamabad, Aug 23 (INP): In a move to enhance China-Pakistan cross-border trade, an international road transport (TIR) route opened between China’s inland city of Kashgar and Islamabad as the first shipment convoy of five trucks bearing the TIR sign departed from Kashgar to Islamabad at an inaugural ceremony, according to China Economic Net (CEN). This convoy is notable for …

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International News

Afghan FM stresses stronger dialogue with Pakistan

By Editor Economic Watch
August 25, 2023
in :  International News, Latest, Latest News

ISLAMABAD: Acting Afghan Foreign Minister Amir Muttaqi has stressed the need for strengthening the Pakistan-Afghanistan dialogue, particularly on issues of mutual concern. Muttaqi met with a delegation of the Institute of Strategic Studies Islamabad (ISSI), which visited Afghanistan from August 21-23, 2023, a statement issued here on Thursday said. During the meeting, Acting Foreign Minister Muttaqi highlighted the notable progress …

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Latest

Future leaders chosen by Pakistanis in next elections to have US backing, Blome tells CEC

By Editor Economic Watch
August 25, 2023
in :  Latest, Latest News

  US Ambassador Donald Blome met Chief Election Commissioner (CEC) Sikander Sultan Raja on Thursday to reaffirm the US support for “free and fair elections”, saying it would work to strengthen the US-Pakistan relationship with “whomever the Pakistani people choose”. “The United States remains committed to working to broaden and deepen the US-Pakistan relationship with whomever the Pakistani people choose”, …

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Latest

Surplus power generation: Consumers to pay over Rs124bn capacity charges

By Editor Economic Watch
August 25, 2023
in :  Latest, Latest News

  ISLAMABAD: Consumers will pay capacity charges of over Rs124 billion for the surplus power generation during the last quarter of fiscal year 2022-23 in the coming months. The XWDISCOs are seeking approval of the regulator for the recovery of capacity charges as well as others from the consumers. As per official figures, the Lahore Electric Supply Company (LESCO) wanted …

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Latest

Another SSG team en route to rescue passengers stuck in cable car for over 7 hours in KP’s Battagram

By Editor Economic Watch
August 22, 2023
in :  Latest, Latest News

  Another team of the Pakistan Army’s Special Services Group (SSG) is on the way to the Allai tehsil of Khyber Pakhtunkhwa’s Battagram where six schoolchildren are among eight people stuck in a cable car after two of its wires snapped early morning on Tuesday. Assistant Commissioner Jawad Hussain confirmed the update to Dawn.com, adding that troops of the military’s rapid …

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International News

Starvation Killed over 490 Children in War-Hit Sudan in Four Months: Save the Children

By Editor Economic Watch
August 22, 2023
in :  International News, Latest

  CAIRO, Egypt: Starvation has killed at least 498 children and “likely hundreds more” in Sudan four months into a war between rival generals, Save the Children said on Tuesday. The conflict between the army under General Abdel Fattah al-Burhan and the paramilitary Rapid Support Forces (RSF) commanded by Mohamed Hamdan Daglo broke out on April 15. Around 5,000 people …

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Latest

PKR falls to record low, slides by Rs1.52 against dollar in interbank

By Editor Economic Watch
August 22, 2023
in :  Latest

  The Pakistani rupee fell by Rs1.52 against the US dollar during interbank trade on Tuesday, extending its losses from the previous week. The greenback was changing hands in the interbank market at a record Rs298.65 at around 1pm. In the open market, the dollar was changing hands for Rs306. The local currency closed at Rs297.13 yesterday, rising by Rs1.35 …

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Latest

Six Pak Army Soldiers Embrace Martyrdom in South Waziristan

By Editor Economic Watch
August 22, 2023
in :  Latest

RAWALPINDI: Six Pakistan Army soldiers embraced Shahadat in a fire exchange with terrorists in South Waziristan District today (Tuesday). According to the ISPR, fire exchange took place between Pakistani troops and the terrorists in general area Asman Manza, South Waziristan District. The troops effectively engaged the terrorists’ location and resultantly four terrorists were sent to hell, while two terrorists were …

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Business

Gwadar port to export 30 containers this month 

By Editor Economic Watch
August 22, 2023
in :  Business

  Islamabad, Aug. 22 (INP): Thirty containers carrying pharmaceutical raw material will be exported to China from Gwadar Port this month. The material imported from South America and Africa will be exported by the Chinese Hangeng Agriculture group after being processed at the company’s industrial park in Gwadar. Talking to Gwadar Pro, the company’s CEO Andy Liao said that previously they were …

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Business

Over 220 billion revenue anticipated due to increased Federal Excise Duty on cigarettes

By Editor Economic Watch
August 22, 2023
in :  Business

ISLAMABAD August 22, 2023: Health professionals and advocates have united in support of the Pakistani government’s move to raise tobacco taxes, a decision implemented in early 2023. Society for the Protection of the Rights of the Child (SPARC) released a statement highlighting the positive outcomes resulting from the rise in cigarette taxes. Health advocates attribute this progress to the government’s …

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