Artificial Intelligence (AI) is becoming a driving force behind changes in the workforce. According to a World Economic Forum (WEF) survey, 41% of employers plan to reduce their workforce by 2030 as a result of AI automating various tasks. This shift is causing concerns, but it also presents opportunities for new roles and skills development….
Pakistan and China have reaffirmed their dedication to the development of CPEC 2.0, focusing on industrialization, clean energy, agriculture, and Special Economic Zones (SEZs). This commitment was made during the 5th meeting of the CPEC Joint Working Group on International Cooperation and Coordination (JWG-ICC), held in Beijing. The meeting emphasized the importance of CPEC in…
On January 2025, the Oil and Gas Regulatory Authority (OGRA) made adjustments to the prices of imported Liquefied Natural Gas (LNG). These adjustments vary for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline Limited (SNGPL) consumers. Company LNG Price Change SSGC Price Increased SNGPL Price Decreased SSGC Consumers See Price Increase For SSGC…
Saudi Arabia has provided new guidelines regarding the validity of Iqama (residency permit) for expatriates applying for a final exit visa. The General Directorate of Passports (Jawazat) has made it clear that the Iqama’s validity is an essential factor in determining whether a final exit visa can be issued. Importance of Iqama Validity for Final…
The government’s decision to temporarily halt satellite tracking for containers carrying goods to Afghanistan has raised serious concerns. Instead, the Federal Board of Revenue (FBR) has decided to monitor these containers through human surveillance. This move could potentially increase the chances of smuggling, as the new contractors lack the necessary technology to track the containers….
The Pakistan government is all set to present the federal budget for the year 2025-26 in the first week of June 2025. This budget will outline the government’s financial plans for the next year and guide the country’s economic policies. Here’s a simple breakdown of what to expect. When Will the Budget Be Presented? The…
The Prime Minister of Pakistan, Shehbaz Sharif, has directed that 60% of the public sector imports and exports be shifted to Gwadar Port. This step is a significant move toward enhancing the port’s role in national trade and boosting Pakistan’s maritime sector. Key Announcement by Prime Minister Shehbaz Sharif What Did the Prime Minister Say?…
In a significant development, the private sector in Pakistan has borrowed a record Rs1.9 trillion from banks during the first half of fiscal year 2025 (FY25). This marks a 265% increase compared to the same period last year, as per the data released by the State Bank of Pakistan (SBP). Reasons Behind the Surge in…
On Tuesday, Prime Minister Shehbaz Sharif informed the public about a crucial development following his meeting with the President of the UAE, His Highness Sheikh Mohammed bin Zayed Al Nahyan. The UAE has agreed to roll over a $2 billion loan that was due in January. This step signals continued strong economic ties between Pakistan…
The International Monetary Fund (IMF) has rejected Pakistan’s request to revise a key condition in its $7 billion loan agreement. The IMF insists on imposing a higher gas levy on industrial captive power plants (CPPs). This decision aims to eliminate the cost advantage that CPPs have over the national grid. Key IMF Condition for Pakistan…
