Thread by @peconomist_

Daily Economic Outlook
🧵

At a time when Pakistan’s economy is melting primarily due to energy & import crisis, an oil & gas exploration firm has doubled gas supply from a field located in Sindh and aided some reduction in the fuel import bill.
#ImranKhan
#زمان_پارک_پہنچو

Pakistan’s weekly inflation was reported at an unprecedented 42.27%. The Social Media remained abuzz with rumors of another electricity surcharge to recover Rs335 billion, by the govt.

Pak’s foreign exchange reserves rose to 4.3 billion dollars enough to cover the cost of one-month imports. However, the dollar continue its hike and closed at 280.77, gaining 0.54 pc.

Speaking at the #EconFest in Lahore, Minister for Planning & Development and Special Initiatives, @betterpakistan said that Pakistan’s economy cannot get strength without curbing the menace of tax evasion.

Pakistan’s garment exports to China have seen a remarkable increase of 33% in past year which is a significant achievement, as it marks an important milestone in the strengthening of economic ties between the two countries, said, Commercial Counsellor, Pakistan Embassy Beijing.

POWERCHINA and the Pak-China Institute (PCI), in collaboration with All Pak Chinese Enterprises Association & China Society for Hydropower Engineering, launched a groundbreaking report titled "Development Prospects of Chinese Enterprises in Green Energy Industry in Pakistan".

According to official sources, Pakistan’s Petroleum Division is trying to procure Russian crude oil at around $50 per barrel, at least $10 per barrel below the price cap imposed by the G7 countries..

..on the precious commodity being taken from Russia due to its war on Ukraine.

#یہ_معیشت_ہماری_ہے_اسے_ہم_نے_سنوارنا_ہے
#مستحکم_معیشت_خوشحال_پاکستان