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Additional grants plugged, except for ‘severe disasters’

By Editor Economic Watch
in :  Uncategorized
28 Aug 2023

  ISLAMABAD: The caretaker government has tightened the fiscal policy, banning supplementary grants except in case of severe natural calamities and setting strict conditions for diverting funds to other objectives until an elected government takes charge. “No Supplementary Grants for any additional unbudgeted spending over the parliamentary appro­ved level in FY24 [current fiscal year] will be appr­oved in order to …


Polls not possible this year after ECP decision

By Editor Economic Watch
in :  Uncategorized
18 Aug 2023

ISLAMABAD: The Election Commission of Pakistan (ECP) expects to complete the process of fresh delimitation of national and provincial assembly constituencies by December 14 — over a month beyond the constitutionally-mandated deadline for conducting general elections in the country. Thursday’s announcement of the schedule for carrying out the delimitation exercise, necessitated by the recent approval of the census results by …


Neelum-Jhelum project resumes power generation after year-long hiatus

By Editor Economic Watch
in :  Uncategorized
10 Aug 2023

MUZAFFARABAD: After remaining inoperative for more than a year, the 969-meg­awatt Neelum-Jhelum Hydrop­ower Project has resumed power generation following the restoration of its tail race tunnel, Wapda said on Wednesday. The project envisages diverting the Neelum river from Nauseri village through a 51.7km underground tunnels system — a 48.2km headrace tunnel and a 3.5km tail race tunnel — with its …


Forum on Human Rights lauds China’s commitment to dialogue and collaboration

By Editor Economic Watch
in :  Uncategorized
3 Jul 2023

  Islamabad, June 21 (INP): Forum on Global Human Rights Governance, jointly hosted by the Information Office of China’s State Council, China’s Ministry of Foreign Affairs and the China International Development Cooperation Agency, proved to be a resounding success. Held last week, it underscores China’s commitment to fostering global dialogue on this important subject. With an impressive turnout of approximately 300 …


10 dead in wedding bus crash in Australia

By Editor Economic Watch
in :  Uncategorized
12 Jun 2023

  10 dead in wedding bus crash in Australia.—EPA In a devastating incident, a wedding party bus crash in Australia’s Hunter wine region, north of Sydney, claimed the lives of 10 people, as announced by the police on Monday. The 58-year-old driver was arrested in connection with the tragic accident. Television images depicted the light-coloured coach lying on its side …


Chinese investors exploring investment opportunities in Punjab

By Editor Economic Watch
in :  Uncategorized
31 May 2023

  LAHORE, May 31 (INP): Chinese companies have shown their interest in investing in different sectors in Punjab including steel, agrochemicals, spinning machinery, chicken farms, meat and processing factories, etc. In this regard, according to Gwadar Pro, different delegations visited the Punjab Board of Investment and Trade (PBIT) and discussed different investment opportunities with Pakistani officials. A delegation comprising six members from …


CJP-led bench to resume election delay case hearing today

By Editor Economic Watch
in :  Uncategorized
3 Apr 2023

  ISLAMABAD, Apr 03 (EW):  The Supreme Court (SC) will today take up the Punjab and Khyber Pakhtunkhwa (KP) election case amid the   “no confidence” expressed by the ruling coalition in the three-member bench. The bench — headed by Chief Justice of Pakistan (CJP) Umer Ata Bandial — will take up the suo motu as well as the Pakistan Tehreek-e-Insaf’s …


FM Bilawal Bhutto-Zardari says Pakistan in a ‘perfect storm’ of crises

By Editor Economic Watch
in :  Uncategorized
15 Mar 2023

Foreign Minister Bilawal Bhutto-Zardari Wednesday said that Pakistan is facing a “perfect storm” of crises as the country battles with worsening political, economic and security issues. Speaking during an interview with The Daily Show, Bilawal said: “Unfortunately, Pakistan is facing a perfect storm. Not only do we have heightened partisanship and political polarisation, to the extent that political parties or political stakeholders …


Staff-level deal with IMF ‘within a few days’: PM

By Editor Economic Watch
in :  Uncategorized
15 Mar 2023

  ISLAMABAD, Mar 15 (EW): Prime Minister Shehbaz Sharif on Tuesday said the staff-level agreement with the International Monetary Fund (IMF) would reach within a few days as the government had accepted even the “toughest” conditions put by the global financial institution. The prime minister, in an interview with a private television channel, said joint efforts were being made by …


Sushmita Sen walks the ramp after surgery

By Editor Economic Watch
in :  Uncategorized
13 Mar 2023

  MUMBAI, Mar 13 (EW): Former Miss Universe and renowned Indian actress Sushmita Sen made a stunning comeback after suffering a heart attack and surprised everyone by walking the ramp at Fashion Week after her recovery. It should be noted that Sushmita Sen suffered a severe heart attack in the past few days. In a video statement released from her …


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