Opening ceremony of the 7th International Conference on Energy, Environment and Sustainable Development held at Mehran University

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 Wednesday, February 19, 2025 Hyderabad (UrduPoint / Pakistan Point News - 19th February, 2025) The opening ceremony of the 7th International Conference on Energy, Environment and Sustainable Development organized by Mehran University of Engineering and Technology, Jamshoro, was held. Addressing the opening ceremony, Energy Sector Expert Engineer Irfan Ahmed said that an environmentally friendly energy transition is taking place, electricity is being generated from wind and solar energy, there are many wind power generation projects in Sindh and wind power is also cheap. He said that if the equipment is made in Pakistan, the cost of the projects will be reduced because at present most of the equipment is being purchased from abroad. He said that Pakistan has a lot of natural and natural sources and resources to generate environmentally friendly energy, but we are not using them properly. Engineer Irfan Ahmed said that due to the cost of buying equipment for wind power generation pr...
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Former SAARC Chamber President Iftikhar Ali Malik welcomes interest rate cut

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 Tuesday, December 17, 2024


ISLAMABAD (news / Pakistan News - 17th December, 2024) Former President of SAARC Chamber of Commerce and Industry Iftikhar Ali Malik has welcomed the State Bank’s decision to reduce the monetary policy rate by 200 basis points. In a statement on Tuesday, he said that it is a very wise decision that will support the economy and trade and is a timely and positive step towards the revival of the industrial sector.

Expressing gratitude to the State Bank, the Special Investment Facilitation Council (SIFC) and the government, he acknowledged their collective efforts in controlling inflation, stabilizing foreign exchange reserves and improving the overall business environment and said that this decision will provide immense relief to businesses and industries that are under debt pressure.


Iftikhar Ali Malik said that this decision will encourage investment, reduce business costs and create a conducive environment for development, which will increase the confidence of local and foreign investors, create employment opportunities and pave the way for sustainable economic growth. He said that the reduction in the policy rate will reduce the financial pressure on industrialists and exporters, small and medium enterprises will have access to cheap credit, increase productivity and exports and improve the competitiveness of Pakistani products in global markets. He said that the reduction in inflation is a clear indication of the prudent economic policies of the government and the country's financial institutions. He appreciated the government's steps taken to ensure economic stability and facilitate trade and industry. Iftikhar Ali Malik reiterated his belief that the reduction in interest rates will encourage investment in the private sector and put Pakistan on the path of economic recovery.

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