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Pakistan, a nation with immense potential, has been struggling to make the most of its resources. Addressing the Pakistan Policy Dialogue, Federal Minister Senator Mouood Malik shed light on the country’s financial woes, stating that Pakistan receives a 12% dollar interest rate, while in the past, 50 individuals were given 4 billion dollars at a zero interest rate. Mr. Malik questioned why the rest of the population remains impoverished, asking why these funds couldn’t be allocated to young entrepreneurs to help them establish small factories.
The Minister emphasized that in Pakistan, the path to prosperity has been reduced to mere power and influence. He stressed that true development will only be achieved when equal opportunities are provided to every citizen, allowing them to engage in productive work. Furthermore, Mr. Malik suggested that the government should refrain from offering special favors to specific groups, including subsidized electricity, gas, and tax breaks.
He proposed that the state should adopt a facilitative role rather than becoming a business entity. Malik also clarified that privatization is not a theoretical concept but rather a means to rectify market inefficiencies. Meanwhile, the Ministry of Foreign Affairs has refuted allegations of terrorism made by India, terming them as a fabricated story created for political purposes. Foreign Office Spokesperson Chaudhry Fawad Hussain and other accused individuals have denied the allegations.
The National Counter Terrorism Authority (NACTA) has stated that the accused individuals mocked and intimidated judges on social media. The NACTA has called for strict action against those who make fun of the judiciary. According to the NCCIA, the increase in exports is a result of the approval of additional exports, registration process reforms, and increased transparency in the system.
Pakistan hopes for peace and stability to prevail in Iran: Foreign Office Spokesperson Tahir Hussain Andrabi. The Rescue 1122 authorities have been instructed to immediately relocate the family to a safe location in the event of a gas leak. The National Police Foundation, in collaboration with senior officers, will provide modern facilities for officers, resolve promotion issues, and provide them with better career prospects.
In Karachi, a dry and chilly atmosphere is expected to prevail today, with a slight chance of rain at night. In a daring incident, a dacoit snatched a new motorcycle from a citizen and escaped. In the morning, areas such as Sarjani, Scheme 25, Gulshan-e-Maimar, and some other areas were affected by thick fog, reducing visibility and causing traffic congestion.
Former Finance Minister Miftah Ismail stated that global oil prices are at their lowest levels in four years, yet economic growth remains stagnant. Qatar’s Emir Sheikh Tamim bin Hamad Al Thani has telephoned Prime Minister Shehbaz Sharif. As a result of the current government’s efforts, the cross-subsidy of the industrial sector has decreased by Rs 123 billion. The Prime Minister and the Cabinet have been briefed on the new design of the State Bank’s currency notes.
In a shocking incident, two million kilograms of wheat went missing from a godown in Faisalabad belonging to the Pakistan Agricultural Storage and Services Corporation (PASSCO). The Foreign Office has refuted India’s allegations of terrorism, terming them as a fabricated story created for political purposes. Pakistan hopes for peace and stability to prevail in Iran: Foreign Office Spokesperson Tahir Hussain Andrabi.
Najm-us-Salar has threatened to boycott the World Cup in Bangladesh, vowing to withhold financial assistance to players participating in the tournament. Pakistan’s renowned news anchor Iqrar-ul-Hassan has bid farewell to PTV, and now he has parted ways with Radio Pakistan as well. An American official has stated that an increase in oil sales from Venezuela is expected in the coming days and weeks. British officials have warned that the situation in Iran is deteriorating rapidly, posing a threat to diplomatic staff and advising citizens to avoid traveling to the country.
