ISLAMABAD, March 10: Public Procurement Regulatory Authority (PPRA) has begun a complete redesign of its rules and regulations framework with Public Procurement Rules, 2004 keeping a target of elite global standards. It is also overhauling its staff training and modernization. MD PPRA has advised the PPRA Board that in compliance with the mandates of the Prime Minister, a global expert was contracted to survey the entire set of rules of the Authority and its Public Procurement Rules, 2004. The expert shared the edited draft of renewed set of Public Procurement Rules, 2025 which have been looked into by the PPRA…
Author: Ahmad Mukhtar
Karachi, March 10: The Money Policy Committee (MPC) of the State Bank of Pakistan (SBP) would meet in no time for its moment session of the year with most investigators expecting a cut of 50 premise focuses (bps). In its session on January 27, the MPC decreased the key approach rate by 100bps to 12%. This was the 6th progressive cut since June 2024, when the rate stood at 22%. Largely, most market specialists anticipate the central bank to proceed its financial facilitating position as a declining expansion rate has driven desires of a seventh-successive cut. A survey of experts…
ISLAMABAD, March 08: With real interest rates already above 10%, a rate cut isn’t just expected—it’s almost inevitable. Looking ahead, inflation is projected to average 3.75% by June 2025 and 4.9% by December 2025, well within SBP’s 5-7% target range. However, core inflation is still hovering around 8%, which the central bank will closely monitor. Oil Prices on a Downward Trend Global energy prices continue to decline. Inflationary pressures seem to be easing. Brent crude has dropped to $69.30 per barrel, a three-year low, while coal prices have fallen 16%, the lowest since the COVID-19 crash. US Economy in Turmoil The…
ISLAMABAD: Last year, Pakistanis became the fifth largest buyers of properties in the UAE city of Dubai. In 2024, Indians would continue to be the leading buyers of Dubai real estate, while Pakistanis would move up to the fifth position, surpassing their previous ranking of seventh place, as revealed in a report by the Dubai-based property consultancy, Better Homes. Property prices in Dubai are projected to increase by 5-8% each year in 2025, with luxury areas like Palm Jumeirah and Downtown Dubai experiencing even more significant rises, as reported by data from developer Damac. In 2023, British buyers ranked second,…
Karachi March 05, 2025: Sindh Chief Minister Syed Murad Ali Shah has said that the Sindh government has begun distributing Solar Home Systems (SHS) to 200,000 low-income households, and chairman Bilawal Bhutto has instructed him to procure another 300,000 solar units for furthe r distribution. Yesterday Punjab CM Mariam Nawaz Sharif announced providing free solar systems to needy households, which are around one lac, almost half the number of Sindh government announced. This initiative is designed to provide affordable and sustainable electricity, helping families that are still recovering from the devastating floods of 2022. “We are installing 270 MW solar…
Lahore, March 03, 2025: Almost 94483 solar systems will be set up throughout the year under CM Punjab Free Solar Panel Scheme. Automatic digital draw of the free solar panel scheme was conducted by Chief Minister Maryam Nawaz Sharif in Lahore today. Chief Minister Maryam Nawaz Sharif congratulated the fortunate consumers who have won the free solar panel scheme. She also directed to complete solar panel installation process as soon as possible. People want to get relief from expensive electricity, without any delay, says CM Maryam Nawaz Sharif. Solar system installation will begin at the end of March after the…
ISLAMABAD March 03, 2025: On World Wildlife Day 2025, a debate among the conservationists and the stakeholders of the wildlife is still on, that the Trophy Hunting bodes well for the conservation of the wildlife or it is harmful. It is contrary to general belief that the animal dies from this trophy hunting, when people posts the hunted animal posts and ask for mercy. A fascinating view emerges as the Markhor trophy hunting conditions have led to enhance its growth over time. Trophy season lasts from October-November to March-April every year. This duration also merits surprise visits of the authorities…
