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Taliban Setup New Government Cabinet
The Taliban setup a new government Cabinet in Afghanistan. Senior Taliban Mullah Mohammad Hassan Akhund was declared the leader of cabinet. From Kandahar, he earlier was the governor of Kandahar in the 1990s. He was also the deputy foreign minister at one point is currently on the UN blacklist. Taliban co-founder Abdul Ghani Baradar…
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Roshan Digital Accounts Cross $2 billion in 11 Months
Pakistan’s Roshan Digital Accounts crossed $2 billion in 11 months. RDA currently has 220,806 overseas Pakistanis, since its launch in September 2020. RDA is a landmark initiative of the GoP, spearheaded by the State Bank of Pakistan, which connects overseas Pakistanis to the domestic banking system in a completely digital manner, and then allows…
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Taliban Capture Panjshir
It was confirmed that the Taliban had captured Panjshir, which was the last province in Afghanistan to defy the Taliban. The Taliban flag was hoisted in the Governor Area. The Panjshir valley is known for fierce resistance, especially under Ahmed Shah Massoud who was a Mujahideen leader. His son had taken over after his death…
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Pakistan Public Debt at Rs. 40 trn
It was reported that Pakistan’s Public Debt stood at Rs. 40 trn in July 2021. Public debt rose by 3%, Rs. 1.17 trillion, to touch Rs. 39.9 trillion in end July (last: Rs. 35.6 trillion). The largest increase in debt came from domestic debt, which increased by 2.13% to touch Rs. 26.8 trillion; foreign…
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ISI Chief Visits Kabul
Pakistan’s ISI Chief Lt General Faiz Hameed visited Kabul, Afghanistan in an open and visible manner which was surprising for many, especially India. With a new government about to be formed in Afghanistan by the Taliban, and security a top agenda, this visit displayed to the world that Pakistan is keen for regional stability.…
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Cement Sales Increase in August
Pakistan Cement Sales Increased in August by 22.8% as total cement despatches stood at 4.34 million tons (last: 3.53 million), mainly due to the continued increase in construction business. According the All Pakistan Cement Manufacturers Association (APCMA), domestic cement despatches during the month increased by 36% to 3.81 million tons (last: 2.81 million tons).…
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Pakistan Cotton Production Target Revised Downward
Pakistan’s cotton production target was revised downward by the Cotton Crop Assessment Committee (CCAC) by 19.5%, from 10.5 million bales set for FY22 to 8.46 million bales, after missing the sowing target by 13.4%. The CCAC meeting was Chaired by Syed Fakhar Imam, Federal Minister for National Food Security and Research, with cotton growers,…
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Pakistan Seeks Extension in GSP Plus Status
It was reported that Pakistan will seek two years extension in Generalized Preferential System (GSP) plus status, set to expire in 2022, from the European Union. This was shared by the Advisor to Prime Minister on Commerce and Investment, who added that it is most likely that GSP+ will continue. In March 2020, the…
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GoP Gives Economic Blueprint
Pakistan’s Finance Minister Shaukat Tarin unveiled an economic blueprint for the Government of Pakistan (“GoP”). The GoP has unveiled the formation of short, medium and longterm plans across various sectors of the economy under the umbrella of the Economic Advisory Council (EAC). The meeting was attended by the EAC members, Minister for Industries Khusru Bakhtiar, Adviser…
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Repatriation of Profits and Dividends Dips in July
Repatriation of profit and dividends from Pakistan by the foreign investors fell 55% in July. The State Bank of Pakistan (SBP) reported that foreign investors repatriated some $159.2 million during July 2021 (last: $354.5 million).
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US Marines Killed on Kabul Airport
Islamic State (IS) attacked Kabul Airport, with a suicide attack at the gates killing civilians and 12 US troops. This skirted the airlift of tens of thousands of afghans desperate to flee Afghanistan. General Frank McKenzie, the head of US Central Command, said that this was the deadliest single incident for American forces in…
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National Security Committee Convenes To Discuss Afghanistan
Pakistan‘s National Security Committee Convened to discuss Afghanistan in light of the Taliban victory. Pakistan’s PM Chaired the NSC as the civil and military leadership met to discuss the matters and reiterated Pakistan’s commitment for an inclusive political settlement as the way forward by giving representation to all Afghan ethnic groups, and urged the world…
