Pakistan’s Economic Revival: Ishaq Dar Highlights Country’s Progress

Pakistan Climbs to 24th Largest Economy Despite Challenges

Deputy Prime Minister and Foreign Minister Ishaq Dar addressed the Pakistan Business Council’s economic diplomacy event, shedding light on Pakistan’s economic recovery. Despite facing severe setbacks, he reaffirmed that Pakistan is back on track toward sustainable growth.

2013: A Turning Point for Pakistan’s Economy

Dar highlighted the critical economic turnaround in 2013, when the nation was struggling with:

  • Power shortages
  • Terrorism threats
  • Economic instability

Under the ruling party’s “Three Es” policy—Economy, Extremism, and Electricity, Pakistan swiftly regained stability. As a result, by 2016, Pakistan ranked as the world’s 24th largest economy, enjoyed record-high foreign reserves, and successfully controlled inflation.

Economic Downturn & Path to Recovery

However, Dar pointed out that post-2018 policies led to a decline:

  • Pakistan dropped to 47th in global economic rankings
  • Inflation surged into double digits
  • External debt climbed to $130 billion by 2023

Despite these challenges, Pakistan’s natural wealth, including mineral and hydrocarbon reserves, holds the key to future prosperity.

Privatization & Economic Reforms

To revive financial stability, the government is implementing privatization strategies, including:
24 state-owned enterprises (SOEs) listed for privatization
Privatization of major airports
Potential corporate takeover of Pakistan International Airlines (PIA)

Urging Pakistan’s business sector to play an active role, Dar expressed confidence that strategic reforms will help Pakistan regain its economic standing on the global stage.

Sindh’s Education Department Bans Teachers from Coaching Centers

Official Ban on Private Tutoring During Work Hours

In a decisive move, the Secretary of College Education, Asif Akram, has officially prohibited government college teachers in Sindh from engaging in private tutoring or teaching at coaching centers during working hours.

The decision comes after reports that some teachers have been neglecting their duties at government institutions to focus on private coaching, leading to declining student attendance and a compromised learning environment.

Ethical Concerns and Teacher Accountability

The directive categorically states that using government time for personal financial benefits is unacceptable. Teachers are reminded of their responsibility to prioritize their official roles and provide students with the education they deserve.

Monitoring and Enforcement

Principals have been instructed to closely monitor teacher attendance and ensure that classes are conducted without fail. Any teacher violating this policy will face strict disciplinary action under the Sindh Civil Servants (Efficiency and Discipline) Rules, 1973. Principals failing to enforce compliance will also be held accountable for lapses.

Aiming for Educational Excellence

This initiative is part of a broader effort by the Sindh Education Department to elevate the standards of public education. By eliminating private tutoring during work hours, the department seeks to foster a more dedicated and focused teaching environment for students in government institutions.

Khyber Pakhtunkhwa to Roll Out University and College Rankings

Shaping the Future of Higher Education

The Khyber Pakhtunkhwa Higher Education Department is set to introduce a ranking system for universities and colleges. This initiative, discussed in a recent meeting chaired by Provincial Minister for Higher Education Meena Khan Afridi, marks a major step toward enhancing educational standards in the province.

Focus on Quality and Accessibility

Minister Afridi highlighted the dual goals of the ranking system: improving education quality and ensuring broader access for students. “This system will not only identify the strengths of our institutions but also spotlight areas where they can grow,” he noted.

Data-Driven Insights

Performance data from the past three years will form the backbone of the ranking system. This includes:

  • Academic excellence and research contributions.
  • Quality of faculty and resources.
  • Infrastructure and student satisfaction.
    The comprehensive criteria aim to provide a holistic evaluation of each institution’s capabilities.

Encouraging Healthy Competition

By fostering a spirit of competition, the rankings will motivate universities and colleges to continually improve. Additionally, the initiative will empower students and families with valuable insights to choose the best educational institutions.

Implementation Plans

Authorities have been instructed to expedite the data collection process and finalize the criteria. With the rankings expected to roll out soon, this move promises to be a turning point for KP’s higher education system.

FBR Seals Karachi Shops in Anti-Tax Evasion Drive

Over 30 Businesses Shut Down in Karachi

The Federal Board of Revenue (FBR) has escalated its enforcement efforts by sealing more than 30 shops in Karachi for violating tax regulations and POS system requirements. Conducted by the Regional Tax Office Zone-I, the operations spanned from January 1 to January 3 and targeted multiple commercial sectors.

Key Locations and Violations

  • M.A. Jinnah Road: Two medical and surgical stores were closed for tax non-compliance.
  • Khalid Bin Waleed Road: A showroom was sealed for failing to issue POS-compliant receipts.
  • Saddar and Clifton: Bakery and sweet outlets faced action for breaching POS rules.
  • Other Areas: A paint shop was also shut down for lack of POS integration.

Monetary Fines Imposed

The FBR imposed penalties amounting to Rs25 million during this campaign, demonstrating a firm stance against tax evasion. Officials stated that these actions are part of a broader effort to bring Tier-1 retailers into compliance with POS invoicing requirements.

Past Operations in Islamabad

In November, the FBR’s Islamabad Regional Tax Office conducted a similar operation, sealing five high-profile restaurants for issuing counterfeit invoices. Complaints from consumers triggered an investigation using POS tracking software, which confirmed the fraudulent activity.

These restaurants were penalized with fines totaling Rs1.5 million. The FBR remains committed to eliminating such practices, ensuring a transparent taxation system across the country.

New Gwadar Airport Ready for Muscat Flights: A Step Towards Regional Connectivity

Flights to Muscat Starting Next Week

The New Gwadar International Airport is set to begin flights to Muscat on January 10, 2025, marking a significant milestone in Gwadar’s integration into the global aviation network. The Prime Minister shared this during a meeting to review the airport’s progress.

Expanding International Reach

Efforts are ongoing to attract airlines from Pakistan, China, Oman, and the UAE to operate flights from the airport. The facility’s advanced infrastructure positions it as a strategic hub for both domestic and international routes.

Pakistan-China Collaboration at Its Best

Built with Chinese expertise, the airport is a symbol of the enduring partnership between Pakistan and China. Equipped with cutting-edge technology, it is the largest airport in Pakistan and can handle large aircraft like the A-380.

Infrastructure Upgrades Underway

The Prime Minister has instructed authorities to enhance road connectivity to the airport and ensure high standards of security. The East-Bay Expressway, linking the airport to the city, has completed its first phase, with plans for further extensions in progress.

Enhanced Passenger and Cargo Services

The airport will host a range of facilities, including cold storage, warehouses, and shopping complexes. Major banks are in discussions to establish branches and ATMs at the site, further enhancing convenience for travelers.

A Catalyst for Economic Growth

With 400,000 passengers expected annually, the airport will create numerous job opportunities and stimulate economic activity. The increase in PIA flights between Karachi and Gwadar from one to three times weekly underscores the growing importance of the region.

Dr. Zahid Latif Appointed Rector of National University of Sciences and Technology

A New Chapter for NUST

Dr. Muhammad Zahid Latif has assumed the role of Rector at the National University of Sciences and Technology (NUST). His vast expertise, spanning academia, defense, and innovation, positions him as a pivotal figure in the institution’s journey toward academic and research excellence.

Academic Excellence

Dr. Zahid’s academic journey is marked by a Ph.D. from Peking University, China, alongside an MPhil degree with distinction and four master’s degrees. His teaching career includes roles at leading institutions globally, showcasing his dedication to education and research.

Leadership in Defense and Technology

As a retired three-star general and former Federal Secretary of Defence Production, Dr. Zahid Latif has played a critical role in advancing cutting-edge technologies and fostering international collaborations in the defense sector.

Influence Beyond Borders

Dr. Zahid’s global presence as a lecturer and thought leader is evident in his contributions to universities and think tanks in the USA, UK, and China. His fellowship with the Taihe Institute and past research roles at Beijing Foreign Studies University highlight his commitment to bridging global academic communities.

A Vision for the Future

Under Dr. Zahid Latif’s leadership, NUST is expected to further its initiatives in research innovation, academic excellence, and international collaboration. His forward-thinking approach and extensive expertise promise a transformative era for the university.

Melbourne Stars Revive ‘Pakistan Bay’ for an Exciting BBL 14 Season

A Fan Zone Like No Other


The Melbourne Stars are bringing back the beloved Pakistan Bay for the Big Bash League (BBL) 14 season, turning the Melbourne Cricket Ground (MCG) into a hub of energy and celebration. This special fan zone is dedicated to the Stars’ Pakistani supporters, providing a unique space for fans to unite, cheer, and celebrate cricket during the team’s home games.

Game Days for Pakistan Bay Fans


Memberships for Pakistan Bay are now open for the first four home matches of the season, scheduled for December 18, January 4, January 9, and January 19. This vibrant initiative allows fans to experience the thrill of cricket while embracing their cultural heritage.

Multicultural Cricket at Its Best


This initiative aligns with Cricket Australia’s Multicultural Action Plan, showcasing the organization’s commitment to fostering inclusivity. By engaging fans from diverse backgrounds, the Melbourne Stars aim to make cricket more accessible and enjoyable for everyone.

Usama Mir Back in Action


Pakistani leg-spinner Usama Mir, who made waves during BBL 13 with five wickets in five matches, is set to dazzle again this season. His presence will undoubtedly energize the Pakistan Bay as fans rally behind their star player.

A Tradition of Inclusivity


The Pakistan Bay concept follows similar fan engagement initiatives, such as the Pakistan fan zones during the national team’s white-ball series in Australia. Cricket Australia’s dedication to multiculturalism is evident in these efforts, creating a sense of belonging for fans.

A Season to Remember


BBL 14 promises to be a thrilling ride, starting with the Melbourne Stars facing off against the Perth Scorchers on December 15. As the season progresses toward its January 27 finale, Pakistan Bay will be the heartbeat of the Stars’ home matches, adding a unique cultural flavor to the tournament.

Lionel Messi Honored with 2024 MLS MVP Award

Lionel Messi’s Stellar Debut Season in MLS


Lionel Messi has added another remarkable accolade to his illustrious career by claiming the 2024 Landon Donovan MLS Most Valuable Player (MVP) award. The announcement, made on Friday, celebrates Messi’s breathtaking debut season in Major League Soccer with Inter Miami.

After joining the league in July 2023, Messi made an instant impact, delivering a jaw-dropping performance. The Argentine superstar recorded 20 goals and 16 assists in just 19 matches, propelling Inter Miami to an impressive 74-point finish, securing the coveted Supporters’ Shield as the league’s best regular-season team.

A Bitter End to a Dream Season


Despite his record-breaking campaign, Messi experienced a bittersweet moment while accepting the MVP award. “I would have liked to celebrate this with a championship,” Messi shared during the ceremony. “Our dream was to lift the MLS Cup this year, but we’ll return stronger next season to chase it again.”

Historical Achievement for Inter Miami


At 37, Messi has become the first Inter Miami player to win the MLS MVP award. This honor, named after league legend Landon Donovan, further cements Messi’s legacy as one of football’s all-time greats. He joins an exclusive group of players, including Carlos Vela and Sebastian Giovinco, who have achieved the rare feat of scoring at least 20 goals and 15 assists in a single MLS season.

Fierce Competition for the Crown


Messi’s journey to the top was not without challenges. He faced stiff competition from talents like Cucho Hernandez (Columbus Crew), Evander (Portland Timbers), and even his Inter Miami teammate Luis Suarez. However, Messi’s unmatched contribution to Miami’s historic season made him the clear choice.

What’s Next for Messi and Miami?
While their playoff run ended earlier than expected, Messi has set the stage for a highly anticipated 2025 season. With the Club World Cup on the horizon and the MLS Cup still in their sights, Messi and Inter Miami are gearing up for another groundbreaking year.

Unlock Global Access with Dominica’s Citizenship by Investment Program

The Dominica Citizenship by Investment (CBI) program, launched in 1993, provides an unparalleled opportunity for global investors to secure a second citizenship. Known as the “Nature Island” of the Caribbean, Dominica offers pristine landscapes and a strategic passport with significant advantages.

Program Highlights

  • Visa-Free Travel: Access over 120 countries, including major destinations like the UK, EU Schengen Zone, and Hong Kong.
  • Tax Benefits: No personal income tax, inheritance tax, or capital gains tax.
  • Efficient Process: Citizenship approval in as little as 2-3 months.
  • Dual Citizenship: Retain your original nationality.
  • Stable Investment: Secure options to diversify your portfolio.

Eligibility Requirements

Applicants must meet the following criteria:

  1. Age: Main applicant must be 18 years or older.
  2. Clean Record: Pass a rigorous due diligence check.
  3. Health Certificate: Submit proof of good health.
  4. Investment Commitment: Choose one of two investment routes:
    • Economic Diversification Fund (EDF): Contribute $100,000 (non-refundable).
    • Real Estate: Invest at least $200,000 in government-approved properties, with a holding period of 3 years.

Cost Breakdown

  • EDF Contribution: Starts at $100,000 for a single applicant.
  • Real Estate Investment: $200,000 minimum.
  • Other Fees: Include due diligence ($7,500) and passport issuance ($1,000).

Application Steps

  1. Select an authorized agent to handle your application.
  2. Submit documents and pay the required fees.
  3. Undergo a government-conducted due diligence process.
  4. Receive approval and finalize your investment.
  5. Take the oath of allegiance and receive your Dominica passport.

About Dominica

Dominica boasts lush rainforests, volcanic landscapes, and vibrant culture. Key attractions include Morne Trois Pitons National Park, a UNESCO World Heritage Site, and the famous Boiling Lake. Adventure seekers can enjoy hiking, diving, and whale watching, making Dominica a dream destination for eco-tourism enthusiasts.

Karachi University Faces Rs. 2 Billion in Outstanding Student Dues

Karachi University (KU) is grappling with a staggering financial challenge as over 16,506 students from various programs, including morning, evening, and Executive MBA (EMBA) courses, have failed to pay their dues, totaling more than Rs. 2.1 billion between 2020 and 2024.

Breakdown of Outstanding Dues

During a meeting led by Vice Chancellor Professor Dr. Khalid Mahmood Iraqi, officials revealed that out of 22,575 fee vouchers issued to morning program students, only 13,205 students had cleared their dues. This left a significant gap of Rs. 991.54 million unpaid. Similarly, evening program students contributed Rs. 1,049.84 million to the pending amount, with only 26.84% of fees collected.

The EMBA program also added to this challenge, as only 40.08% of the total Rs. 100.30 million in fees was recovered. Across all programs, KU generated 36,767 fee vouchers, but payments were received for just 20,261 vouchers, reflecting an overall collection rate of 36.39%.

Proposed Actions to Address the Crisis

Meeting participants expressed serious concerns about the financial strain caused by unpaid dues and proposed several measures, including withholding admit cards and canceling the enrollments of defaulters. It was also suggested that degrees of pass-out students who remain defaulters might be withheld until payments are made.

A Yearly Analysis of Fee Collection

A closer look at yearly trends highlights the growing challenge. In 2024, 60.10% of evening students cleared their dues, while the figure dropped significantly to 39% in 2021. This downward trend underscores the need for stricter enforcement policies.

Even former students contribute to the issue, as 46.36% of pass-outs have yet to clear their dues. KU’s administration has given repeated opportunities to defaulters to pay, but non-compliance has left the institution with limited options.