File photo Federal Information Minister Maryam Aurangzeb has said that 5 e-framework will prove to be a game changer for economic development in Pakistan. In a statement issued on social media, Maryam Aurangzeb said that exports, e-Pakistan, water and food security, environment, energy and equity are the pillars of turn-around Pakistan. The Federal Minister said…
Islamabad: The National Economic Council under the chairmanship of Prime Minister Shahbaz Sharif has approved the revised development budget for the financial year 2022-23. This year, the federal PSDP is 714 billion rupees, while the provincial development budget has been proposed to be 1598 billion rupees. The meeting also approved the National Development Budget for…
Water from the reservoir of the Kakhovka dam is also used to cool the nearby Zaporizhzhya nuclear power plant (ZNPP), Europe’s largest, which has been under constant threat since being occupied by Russian forces early in the conflict. The UN Office in Ukraine tweeted that “thousands of people in Ukraine are in peril” following the major…
He was speaking at UN Headquarters in New York, where he presented three new policy briefs on these themes to Member States. Serious challenges “They touch on some of the most serious challenges we face – challenges that may determine whether we are able to achieve the vision of the 2030 Agenda and the Sustainable…
Russia refused to grant coverage permits to journalists from Western countries at the International Economic Forum meeting. A statement issued by the Kremlin ahead of the annual meeting of the International Economic Forum in St. Petersburg, Russia, said that Western journalists will not be allowed to cover the Economic Forum meeting. The Kremlin says journalists…
In its new Monitor on the World of Work report, ILO shows that while in high-income countries, only 8.2 per cent of people willing to work are jobless, that number rises to over 21 per cent in low-income countries – or one in every five people. Low-income countries in debt distress are worst affected, with…
WMO latest State of the Global Climate report shows that the last eight years were the eight warmest on record, and that sea level rise and ocean warming hit new highs. Record levels of greenhouse gases caused “planetary scale changes on land, in the ocean and in the atmosphere”. The organization says its report, released…
The Afghanistan Socio-Economic Outlook 2023, released by the UN Development Programme (UNDP), provides an overview of the fallout resulting from the takeover of Afghanistan by its present-day de facto rulers, the Taliban, in August 2021. Immediately after the Taliban assumed power, the Afghan economy collapsed, accelerating Afghanistan’s decade-long slide into poverty; with a population estimated…
Global inflation is also heading down, signalling that the tightening of monetary policy through major interest rate rises is bearing fruit, though more slowly than initially anticipated, said the IMF’s Director of Research, from 8.7 percent last year to seven percent this year, and 4.9 percent in 2024. Gradual recovery ‘remains on track’ Pierre-Olivier Gourinchas said…
Among the various challenges facing the country, one of the major challenges is the economic crisis. Due to its worst effects, there has been the highest inflation in the country’s history, the people are protesting, the government is trying to give free flour and facilities, but despite this, people’s lives have become worse. In view…
