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Sunday, April 28, 2024
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    Country short of gas but furnace oil imported needlessly Unnecessary furnace oil imports created a serious crisis in country Refineries closing down as storage capacity die away:

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    (December 24, 2021) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said there was a shortage of gas in the country but...
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    Pakistan has become a trading economy. A trading economy can never function without hefty borrowing. Benefits to elite outweigh circular debt.

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    (June 06, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said our economy is not productive due to continuous neglect of...
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    Power sector circular debt jumps to Rs2.5 trillion Circular debt of gas sector reaches Rs670 billion Political interests blocking uplift of energy sector:

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    (December 01, 2021) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said power sector circular debt has become a threat to the economy. It has...
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    Oil and gas prices become a threat to the economy. Share of nuclear energy needs to be increased in the energy mix. Red tape an obstacle to the promotion...

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    (April 22, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the prices of imported oil and gas have become a...
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    Plan demanded to rehab flood-affected SMEs. Depts should work with small chambers, SBP should announce cheap loans. Millions of people are employed by SMEs.

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    (Sept 14-2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said a plan should be made for the rehabilitation of SMEs that...
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    Ignoring Karachi’s needs is close to playing with a weak economy. 68% revenue, 54% exports linked to Karachi, gas should be provided The gas crisis hurting millions of people.

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    (January 21, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said Karachi is the economic hub of Pakistan and ignoring the...
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    Pakistan cannot survive with $90 billion imports. All remittances, investment and exports are not equal to imports. Local coal not being used for power generation.

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    (August 12, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance and former provincial minister Mian Zahid Hussain on Friday said the economy of a country that spends equal to a...
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    Ignoring Karachi is the same as playing with the country’s economy. No one knows about the Rs1100 billion Karachi package announced in Sept 2020. Industry should be the first...

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    (July 13, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said ignoring Karachi is tantamount to playing with the national economy. Karachi's...
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    Decision to keep oil prices unchanged contradicts ground realities. Removal of oil, gas and electricity subsidies is necessary to save the country. Delays in inevitable decisions do not benefit...

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    (May 16, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said complete elimination of oil, gas and electricity subsidies is necessary to save...
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    Interest rates raised unnecessarily. The economy will shrink, making it difficult for businesses to continue. Govt should try to reduce prices of agri products.

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    (July 08, 2022) Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the central bank has unnecessarily increased interest rates which. The decision will increase...
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