Anysphere was cofounded by Pakistan-born Sualeh Asif. Tuesday's deal follows a blockbuster Nasdaq debut for the rockets-to-AI company last week, in which its valuation surged to more than $2 trillion. https://t.co/Ci1Jkikwuj
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According to informed official sources, this view is being discussed within policymaking circles and among even the ruling coalition partners as a move that cannot be ignored for too long. https://t.co/NpEQLjACiu
Electricity consumers are likely to face a tariff increase of up to Rs1 per unit because of diversion of locally produced gas to liquefied natural gas (LNG)-fired power plants amid the US-Iran war. https://t.co/hTNERNXvzg
A quote in a newspaper report perfectly illustrates how intellectually bankrupt much of Pakistan's economic discourse remains:
"With a 10-15 year long policy, guaranteed by legislators and without fear of harassment from the FBR, Pakistan can potentially attract billions of dollars from expats..."
Why is attracting billions into property being presented as an economic objective in itself? This reflects a complete misunderstanding of what drives sustainable economic growth.
Pakistan does not become richer because more money flows into plots and apartments. It becomes richer when capital is invested in productive sectors that create jobs, raise productivity, generate exports, and expand the country's technological capabilities.
The comparison with Dubai is equally flawed. Dubai's success was built on trade, logistics, aviation, finance, tourism, infrastructure, and governance. Its property market was a consequence of that success, not the cause of it.
The more troubling issue is that a newspaper can reproduce such claims without challenging the underlying assumption that property speculation is somehow synonymous with economic development. Pakistan's problem is not a shortage of money chasing real estate. It is a shortage of productive investment. https://t.co/n5sOXKp9uB
8 minutes across the #YellowRiver: The north tunnel of the Jinan Hangtian Avenue #YellowRiver Tunnel project has been completed, a new engineering feat of China.🚇#ChinaInfrastructure
China is emerging as a winner in the World Cup despite not having a team in the tournament 👇
Mexico is co-hosting the World Cup and doing so because of amazing Chinese technology. For this year's games China has provided Mexico with:
- 115 Light Rail Trains
- 1,000 New Energy Buses
- Chinese Built Train line in Monterrey
- Tencent Cloud providing Live-Streaming Services
- Lenovo provides AI for Match Analysis
The World Cup is made possible because of Chinese tech and it's awesome to see Mexican fans enjoy a better World Cup experience because of 🇨🇳
Full Article👇
https://t.co/ophs4qf5wO
Punjab Govt unveiled a Rs5.903 trillion budget for the next financial year, slashing the province’s Annual Development Programme by about 40% to Rs752 billion from the outgoing year’s estimate of Rs1.24tr, while promising estimated cash surplus of Rs910bn. https://t.co/O0XFq41pDb
11.5pc policy rate hard to justify with expected 8pc inflation as in the budget. Policy rate should consider data but it must always look at the future expectations. With the softening of oil prices and a slow economy, Pakistan must cut its policy rate. https://t.co/XIBmrJX7wI
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PSDP utilisation amounted to Rs529.8bn during the first 11 months of the year, accounting for 52.4pc of the original allocation of Rs1.01 trillion. The utilisation was slightly lower than the 54pc recorded during the same period last year. https://t.co/MCV93IjudZ
China has developed a mosquito-sized bionic drone, that can be used for info reconnaissance and other special tasks on the battlefield.
The device weighs less than 0.3 grams and imitates insect flight, almost impossible to be targeted.
Pakistan has unveiled the second phase of its tariff rationalisation plan, foregoing an estimated Rs143.4 billion in revenue to lower trade barriers, enhance industrial competitiveness and support long-term economic growth.
Key measures include:
• Reduction in average tariffs from 16.56% to 13% in FY27
• Rationalisation of Additional Customs Duties and Regulatory Duties
• Measures aimed at reducing anti-export bias and lowering input costs for industry
• Further liberalisation of used vehicle imports, including reducing the additional regulatory duty from 40% to 30% and removing the existing five-year age limit, subject to quality and environmental standards.
The reforms represent a significant shift towards a more open and competitive economy, aligned with Pakistan's broader trade liberalisation agenda and IMF-backed structural reforms.
@aamir_ibrahim01 a welcome step towards democratising investment & broadening access to govt securities. With Pakistan’s savings rate among the lowest in the region, initiatives that enable millions to save and invest from as little as Rs 5,000 can play an important role in mobilising domestic savings, deepening financial inclusion, and supporting long-term economic growth.
@Financegovpk@StateBank_Pak@JazzCash@MobilinkBank
Most people don't know what these two have achieved.
NASTP: National Aerospace Science & Technology Park....
PAC: Pakistan Aeronautical complex....
IMF blocks tax relief on education!
The government said on Tuesday that taxes on the import of used cars have been reduced and the age limit lifted, but it could not get permission from the International Monetary Fund to exempt sales tax on children's pencils and exercise books – statements that reflect the nation's priorities. https://t.co/G9GprsH4Pd
ECC rejects investment minister’s
Objections over terminal lease!
The Economic Coordination Committee (ECC) on Tuesday overruled objections raised by Investment Minister Qaiser Sheikh, who had opposed the 30-year lease extension for the Engro Vopak Terminal by declaring it a violation of public procurement rules. https://t.co/4TGDaXuvE1
🇵🇰 Government Spending Has Reached 1071 Billion Rupees, Around 4 Billion Dollars.
🚨 A Country Struggling For Loans Keeps Knocking On 🇺🇸 IMF And World Bank Doors. Yet Its Own Expenses Remain Shockingly High.
- Mustafa Nawaz Khokhar.
زراعت پر اس سال کے 124 ارب کے بجٹ کے علاوہ تین سال میں 586 ارب روپے value addition کی فیکٹریاں ،پلانٹ اور سٹوریج کی سہولیات بنانے پر لگائے جائیں گے۔ آلو ، آم ، سٹرس کی value added products بننے سے ان کی شیلف لائف بڑھے گی، post harvest losses کم ہوں گے، کسان کو اچھی قیمت ملے گی ، برآمدات میں اضافہ ہو گا اور new job creation ہو گی۔