Pakistan’s economy is struggling despite low global oil prices, according to former Finance Minister Miftah Ismail. In a statement, Miftah Ismail said that the current economic situation is a result of the government’s failure to manage the economy despite receiving international and institutional aid. He attributed the decline in imports to the high rates of industrial electricity and gas, which is a major cause of concern for the business community.
Miftah Ismail pointed out that the government is selling energy to industries at a higher price than it is buying it, which is creating a significant burden on the economy. He also stated that the country has seen an 8.7% decline in imports during the first six months of the current fiscal year, with a staggering 20.4% decline in December. The trade deficit has also reached a record high of 34.6% increase.
The former finance minister expressed concerns that the low oil prices are a rare opportunity for the government to stimulate economic growth, but it is not utilizing this chance effectively. He emphasized the need for the government to adopt a comprehensive energy policy to address the issues affecting the economy.
In a related development, the federal government has extended the deadline for the implementation of the Motorway Tagging System (MTS) to next week. The system aims to improve security and facilitate the movement of vehicles on the motorways.
Meanwhile, the Federal Minister for Parliamentary Affairs, Senator Muhammad Musadik Malik, has said that the government is providing a 12% interest rate on loans, significantly lower than the 50 people who were given 4 billion dollars at zero interest rate during the previous government.
In other news, the Prime Minister Shehbaz Sharif has spoken with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, via telephone. The government has also briefed the Prime Minister and the cabinet on the new design of the State Bank’s currency notes.
In a separate incident, 2 million kilograms of wheat have gone missing from a warehouse of the Pakistan Agricultural Storage and Services Corporation (PASSCO) in Faisalabad.
The government has also decided to restore the health card facilities for the residents of Azad Kashmir under a new formula. The security forces have vowed to eliminate terrorism and have set a deadline for the completion of the operation.
In a related development, the Pakistan Electronic Media Regulatory Authority (PEMRA) has launched an investigation into the use of fake news by some media outlets during the recent elections.
In other news, the Iranian government has announced that it will not take any further steps to resolve the ongoing crisis in the region, which has led to a significant increase in tensions between Iran and the international community.
The British government has warned its citizens against traveling to Iran due to the deteriorating security situation in the country. The Iranian government has also announced that it will not provide any assistance to the citizens of other countries who are stranded in the country.
In a related development, the Pakistani government has announced that it will not take any further steps to resolve the ongoing crisis in the region, which has led to a significant increase in tensions between Pakistan and India.
The Pakistani government has also announced that it will not provide any assistance to the citizens of other countries who are stranded in the country. The government has also announced that it will not take any further steps to resolve the ongoing crisis in the region, which has led to a significant increase in tensions between Pakistan and India.
In a related development, the Pakistani government has announced that it will not take any further steps to resolve the ongoing crisis in the region, which has led to a significant increase in tensions between Pakistan and India.
The Pakistani government has also announced that it will not provide any assistance to the citizens of other countries who are stranded in the country. The government has also announced that it will not take any further steps to resolve the ongoing crisis in the region, which has led to a significant increase in tensions between Pakistan and India.
In a related development, the Pakistani government has announced that it will not take any further steps to resolve the ongoing crisis in the region, which has led to a significant increase in tensions between Pakistan and India.
The Pakistani government has also announced that it will not provide any assistance to the citizens of other countries who are stranded in the country. The government has also announced that it will not take any further steps to resolve the ongoing crisis in the region, which has
