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Difficult times ahead as debt servicing to go up 35pc: Pasha

July 28, 2021
LAHORE: Former finance minister of Pakistan, Dr Hafeez Pasha on Tuesday warned of the difficult times ahead, as the country witnessed the highest single-month import figure of $6.3 billion in June 2020, while the current account deficit remained $1.3 billion in this period.
Addressing an economic session on âPakistan Economy-Challenges and Solutionâ organised by the Pakistan Industrial and Traders Association Front (PIAF), he predicted that the total annual import figure would go as high as $70 billion, which would be impossible to manage with exports of just $25 billion.
The ceremony was also addressed by Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Mian Anjum Nisar, PIAF Chairman Mian Nauman Kabir and senior journalist Sikandar Lodhi. ....

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Dasu Dam Project: Employment termination notification cancelled

July 18, 2021
PESHAWAR ISLAMABAD/BEIJING: The competent authority disapproved notification of employment contract termination of Dasu Hydro Power Project issued on July 16, 2021 by China Gezhouba Group Company (CGGC).
The notification was issued following blast on bus on July 14, 2021 in which 13 persons, including nine Chinese workers, were killed. The CGGC in its press release stated, “The notification of employees contract termination issued by CGGC Dasu HPP Management on July 16, 2021, had not been approved by the competent authority and has been declared null and void now.
Earlier, the Chinese company issued a letter on July 16, stating that owing to the blast that occurred on July 14, 2021, which caused casualties; CGGC Dasu HPP Management had been forced to suspend the construction of the Dasu Hydropower Project. CGGC Dasu HPP Management had regretfully decided to terminate the employment contract with all Pakistani personnel, complying with the Pakistan Indu ....

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Pakistan left red-faced as China stops work on CPEC project after fatal bus blast

Last Updated:
Pakistan Left Red-faced As China Stops Work On CPEC Project After Fatal Bus Blast
In further trouble for Pakistan, China stopped the work on the Dasu Hydropower Project after 9 Chinese nationals were killed in the Khyber Pakhtunkhwa province.
Image: AP
In further trouble for Pakistan, China stopped the work on the Dasu Hydropower Project after 9 Chinese nationals were killed in the Khyber Pakhtunkhwa province. The China Gezhouba Group Company (CGGC) was constructing a hydroelectric plant on a river near Dasu as a part of the China Pakistan Economic Corridor. While lauding the efforts of everyone who participated in the rescue efforts, the CGGC announced that it will retain the bare minimum Pakistani staff for maintenance. ....

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Businessmen praise budget 2021-22, but warn of long-term impact on trade

Federal Finance Minister Shaukat Tarin presented the federal budget 2021-22 in the National Assembly a day earlier ....

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Businessmen hail budget, but warn of long-term effects

KARACHI: Businessmen on Friday said the budget for the next fiscal year seemed balanced on the face of it, but its long-term impacts on trade and industry would become clear after a close analysis. ....

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