Author name: Yasir Zubairi

Yasir Zubairi is the founder and publisher of NEN Agency (News Era Network). He leads NEN's coverage of Pakistan's national affairs, economy, foreign relations and sports, and is responsible for the accuracy and standards of every story published on nenagency.com.

Transport Fares Reduced by Up to 18% in Rawalpindi After Fuel Price Cut
Business

Transport Fares Reduced by Up to 18% in Rawalpindi After Fuel Price Cut

RAWALPINDI — Transport fares in Rawalpindi have been reduced by 12 to 18 percent, following a decrease in petroleum prices as directed by Punjab Chief Minister Maryam Nawaz Sharif. This decision aims to provide financial relief to commuters amid fluctuating fuel costs. New Fare Structure Implemented The district administration, along with the Regional Transport Authority (RTA), has implemented revised fare lists effective immediately. Per the RTA secretary, fare recalibration occurred at the tehsil level to ensure benefits of reduced fuel prices reach the public. The new rates include: A 12 percent reduction for air-conditioned diesel transport A 15 percent cut for non-air-conditioned diesel and petrol-run public transport An 18 percent decrease for goods transport To ensure compliance, a strict monitoring mechanism is in place. Special teams conduct inspections at bus stands, wagon terminals, and along transport routes. During the ongoing campaign, 464 vehicles were inspected, leading to 86 fines and penalties totaling Rs. 280,000 for fare violations. Monitoring and Enforcement Officials have warned transport operators that overcharging will result in strict legal action, including fines and potential impounding of vehicles. The administration is committed to daily inspections to enforce adherence to the revised fares, ensuring sustained relief for commuters. Fuel Price Influence This reduction in transport fares aligns with a recent decrease in petroleum prices, significantly affecting living costs and transportation expenses in Pakistan. Fuel prices are frequently adjusted based on international market trends and government policies. The current fare cut is part of the Punjab government’s broader strategy to ease economic burdens by reducing transportation costs, a notable component of household expenditures. Historically, fuel price changes have directly impacted transport fares, with past increases sparking public outcry and demands for fare reductions. The Punjab Chief Minister’s directive addresses these concerns promptly and effectively. Impact and Significance Reducing transport fares is significant for several reasons. Economically, it alleviates financial pressure on daily commuters, especially those reliant on public transport for their livelihood. Lower transport costs can increase disposable income for families, potentially boosting local economies with increased spending power. Socially, this decision showcases responsive governance, addressing public needs through timely policy adjustments. Such measures can enhance public trust in government institutions as citizens observe tangible benefits from policy changes. Politically, the move could strengthen the Punjab government’s position by showing its commitment to addressing economic challenges. By proactively reducing fares, it may gain voter goodwill, particularly in urban areas where public transport is essential. Internationally, these measures reflect a government’s adaptability and responsiveness to domestic and global economic conditions, potentially enhancing its reputation as stable and citizen-focused.

Islamabad Traffic Police Suspends Driving Tests, Closes Facilitation Centres
Pakistan

Islamabad Traffic Police Suspends Driving Tests, Closes Facilitation Centres

ISLAMABAD — The Islamabad Traffic Police (ITP) announced on Tuesday that driving tests have been suspended and most facilitation centres will close, citing operational adjustments. This decision affects all Khidmat Markaz centres, except those located in F-6 and Cascade. Current Situation The ITP has temporarily halted driving tests across Islamabad, closing the majority of its facilitation centres. This action, effective immediately, was detailed in an official ITP statement. Only the centres in sector F-6 and Cascade will remain operational. This suspension is part of a strategy aimed at streamlining operations and addressing internal logistical issues. Although the duration and specific reasons for the selective closure were not provided, ITP emphasized its goal to enhance service delivery and efficiency. Residents dependent on these services for driving tests and other traffic-related needs must adjust their plans. ITP has urged patience, assuring citizens that regular services will resume shortly with improvements. Background Information The Islamabad Traffic Police plays a vital role in managing traffic regulations and providing essential services, including driving tests and license renewals, via its Khidmat Markaz centres. These centres are strategically distributed across the city to ensure accessibility. Challenges such as increasing demand and infrastructural constraints have historically affected ITP’s service efficiency. Similar temporary closures have occurred before, often due to administrative restructuring or urgent matters requiring attention. Recently, the ITP has focused on digital transformation to improve services, including new online offerings and reduced waiting times at physical centres. Impact and Significance Suspending driving tests and closing facilitation centres significantly impacts individuals obtaining or renewing their driving licenses, potentially delaying personal and professional plans. Economically, this disruption could challenge businesses relying on timely licensing and compliance, particularly in logistics and transportation sectors. The situation underscores the ongoing challenges public service institutions face in Pakistan, especially in urban environments where demand frequently exceeds resources. The ITP’s decision highlights the need for sustainable public service solutions in growing cities. Key Takeaways The Islamabad Traffic Police has suspended driving tests and closed most facilitation centres effective Tuesday. Only the Khidmat Markaz centres in F-6 and Cascade remain operational. This change may delay services for residents seeking driving tests and related assistance. The move reflects ongoing public service delivery challenges in rapidly expanding urban areas. While the ITP aims to improve service efficiency, clarity on specific operational improvements is pending.

Islamabad Ministries Implement Remote Work Amid Trail Closures
Pakistan

Islamabad Ministries Implement Remote Work Amid Trail Closures

ISLAMABAD — Due to administrative directives, ministries in Islamabad’s Red Zone adopted a ‘work from home’ policy for a day, coinciding with the closure of all major hiking trails in the Margalla Hills to the public. These measures were announced for Tuesday, June 23, by notifications from the federal government and district administration. Notifications Issued The federal government and district administration issued directives for a one-day remote work policy for ministries in Islamabad’s Red Zone. The decision aims to manage unspecified disruptions in the area. Simultaneously, the district administration closed Margalla Hills’ major hiking trails, popular with locals and tourists. The remote work directive targets all employees in the Red Zone, a high-security area with key government offices. The trail closures were precautionary, though specific reasons weren’t detailed. An official from the district administration stated these measures ensure safety for government employees and the public. The official did not detail the potential threats or disruptions leading to these actions. Significance of the Red Zone Islamabad’s Red Zone hosts the offices of the President, Prime Minister, and other important ministries. It’s subject to strict security due to its importance in Pakistan’s administrative and political landscape. Historically, security measures increase during political unrest or potential threat warnings. The Margalla Hills, part of the Himalayan foothills, offer a natural escape for Islamabad residents. The trails are favored for hiking and bird watching but have been closed previously for security reasons or environmental risks like wildfires. Impact of Decisions These actions illustrate the government’s ongoing challenges in balancing security with public safety. Although reasons for these measures were undisclosed, they often respond to perceived threats or intelligence reports. Remote work disrupts routine operations for government employees, necessitating adjustments in workflow and communication, which can impact productivity and government function execution, especially if longstanding. Trail closures impact the local community, restricting recreational options and affecting tourism-reliant businesses. Such closures can also influence public morale. These events highlight the fine line between security and maintaining normalcy in the capital. Effective management is crucial for public confidence and perceived stability in Islamabad. Key Points Ministries in Islamabad’s Red Zone adopted a one-day remote work policy. Major hiking trails in the Margalla Hills are closed to the public. Actions are precautionary, citing unspecified security concerns. The measures affect government operations and tourism-related activities.

Enhanced Security Measures Implemented for Muharram Processions
Pakistan

Enhanced Security Measures Implemented for Muharram Processions

ISLAMABAD — Authorities have intensified security measures and reviewed administrative arrangements in preparation for the upcoming Muharram processions across Pakistan. Officials are committed to ensuring heightened vigilance and maintaining public safety during these significant religious observances. Security Enhancements The district administration, along with law enforcement agencies, has comprehensively reviewed security protocols for the Muharram processions. These processions commemorate the martyrdom of Imam Hussain, the grandson of Prophet Muhammad, and are a key part of the Islamic calendar. Given their historical significance and the large gatherings they draw, public safety is a top priority. Deployment and Technology Officials have confirmed that additional security personnel will be stationed at key locations, including mosques, imambargahs, and along procession routes. Surveillance technology, such as CCTV cameras, will be expanded to monitor activities and preempt potential threats. A senior police official emphasized the coordinated efforts between various security agencies, stating, “We are committed to ensuring the safety of all participants during the Muharram processions.” Traffic management plans have also been outlined to ensure the smooth movement of processions and minimize public inconvenience. Ambulance services and emergency response teams will be on standby to handle any medical emergencies that may occur. Background on Muharram Muharram, the first month of the Islamic lunar calendar, is of significant religious importance to Muslims globally. The tenth day, known as Ashura, marks the martyrdom of Imam Hussain at the Battle of Karbala in 680 AD. This day holds particular significance for Shia Muslims, who observe it with processions, recitations, and acts of mourning. In Pakistan, Muharram processions are traditionally large, involving thousands of participants. The scale of these gatherings has historically made security a critical concern. Past incidents of violence and sectarian tensions have spurred authorities to implement rigorous security measures to prevent any untoward incidents. Significance of Security Measures The enhanced security measures for Muharram processions are essential for maintaining peace and order during this period of heightened religious activity. The government’s proactive approach underscores its commitment to safeguarding religious freedoms while ensuring public safety. Economically, the smooth conduct of Muharram processions is vital for local businesses, especially in areas where processions occur. Security disruptions can negatively impact commerce and livelihoods, making effective security arrangements crucial to prevent economic fallout. Socially, peaceful Muharram observance strengthens communal harmony and showcases Pakistan’s commitment to religious tolerance. It provides an opportunity for communities to unite in mutual respect and understanding, reinforcing the country’s diverse cultural fabric. Internationally, effective management of large-scale religious events enhances Pakistan’s image as a stable and secure nation. It sends a positive signal to the global community regarding Pakistan’s commitment to upholding religious rights and maintaining public order.

Gold Mine Collapse Claims Life of Worker in Khushhal Garh
Pakistan

Gold Mine Collapse Claims Life of Worker in Khushhal Garh

KOHAT — A tragic incident occurred on Tuesday when a gold mine collapsed in Khushhal Garh Raissie area, Kohat, resulting in the death of a worker, officials report. The worker, a resident of Parshai, was trapped under debris, prompting a swift response from Rescue 1122 teams. Details of the Incident The collapse happened in the early hours while workers were engaged in routine mining activities. Located in the mineral-rich region of Khushhal Garh, the site has been under continuous extraction. An immediate call for emergency services was made, and Rescue 1122 teams arrived promptly to secure the area and start recovery operations. Eyewitnesses stated the collapse was sudden, leaving workers with little time to react. Rescue teams worked diligently to recover the deceased worker’s body, which was handed over to his family afterward. This incident has raised major concerns about the mining site’s safety protocols. Official Response and Safety Review Local authorities have begun a thorough review of the site’s safety measures. Officials have emphasized the need for strict adherence to safety standards to prevent such tragedies in the future. The review aims to identify lapses in safety procedures and implement necessary improvements. Background on Khushhal Garh Mining The Khushhal Garh area is known for rich mineral deposits, including gold, attracting mining operations over the years. Unfortunately, the region has been prone to mining-related accidents often due to inadequate safety measures. Historically, Pakistan’s mining industry has faced safety standard challenges, with several incidents reported across mining regions. Recent government attempts to improve mining safety through regulatory reforms and inspections have been ongoing. Despite efforts, incidents like the Khushhal Garh collapse highlight ongoing challenges in ensuring worker safety. Broader Implications The Khushhal Garh gold mine collapse highlights persistent safety issues in Pakistan’s mining industry. Such incidents affect victims’ families and underline systemic issues that need urgent attention. Economically, these events can disrupt mining operations, impacting local economies reliant on mineral extraction. These incidents raise significant questions socially regarding the working conditions of miners, who commonly work in hazardous environments with limited safety protections. Politically, the incident could lead to calls for stricter enforcement of safety regulations and greater accountability from mining companies. Key Takeaways One worker died in a gold mine collapse in Khushhal Garh, Kohat. Rescue 1122 responded quickly, recovering the worker’s body. Authorities are reviewing safety procedures to prevent future incidents. This highlights ongoing safety challenges in Pakistan’s mining sector. There may be calls for increased safety regulations and enforcement. Source Attribution The information in this article is based on reports from the Associated Press of Pakistan (APP). The source material provided details of the incident and the subsequent response by rescue teams and local authorities. A limitation includes a lack of detailed information on further safety measures being implemented.

Governor Kundi Meets Shaheen Afridi to Boost Sports in Khyber Pakhtunkhwa
Sports

Governor Kundi Meets Shaheen Afridi to Boost Sports in Khyber Pakhtunkhwa

ISLAMABAD — Governor Khyber Pakhtunkhwa Faisal Karim Kundi met with Pakistan’s renowned fast bowler Shaheen Shah Afridi on Monday. Their discussion centered on promoting sports and nurturing young talent in the province. The meeting in Islamabad also featured Sohail Kundi, CEO of the Khyber Pakhtunkhwa Champion League. Discussion Highlights The meeting focused on strategies to improve sports infrastructure in Khyber Pakhtunkhwa (KP). Afridi, famous for his cricketing skills, stressed the need for adequate facilities and opportunities for young athletes. Governor Kundi committed to creating a supportive environment for sports development in the region. The Khyber Pakhtunkhwa Champion League’s role in spotting and promoting emerging talent was a key point. Sohail Kundi, the league’s CEO, outlined plans for tournaments and programs across the province. The league provides a crucial platform for young athletes to showcase their skills and gain professional exposure. Background Khyber Pakhtunkhwa has a legacy of producing talented athletes, especially in cricket. Though home to many renowned cricketers, the region struggles with infrastructure and resources for sports development. The Khyber Pakhtunkhwa Champion League aims to tackle these issues. It offers young athletes a structured platform to compete, train, receive mentorship, and transition from amateur to professional sports. Significance of the Meeting This meeting highlights the provincial government’s dedication to using sports for social and economic growth. Investing in infrastructure and programs aims to engage and empower youth. Improving sports facilities can create jobs and boost local economies through tourism and events. Sports also foster community cohesion and provide a positive outlet for youth. Shaheen Afridi’s global success has inspired young athletes nationwide. Supporting future athletes will help Pakistan enhance its international sports reputation. Key Takeaways Governor Kundi and Shaheen Afridi discussed sports promotion strategies in Khyber Pakhtunkhwa. The Khyber Pakhtunkhwa Champion League is essential for identifying and nurturing young talent. Investments in sports infrastructure can boost economic growth and social unity. Sports development supports national health and wellness goals. Shaheen Afridi’s involvement underscores the role of role models in sports development.

FBR Chairman And Finance Secretary Honor Budget Team With Luncheon
Business

FBR Chairman And Finance Secretary Honor Budget Team With Luncheon

ISLAMABAD — Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, and Secretary Finance, Imdad Ullah Bosal, hosted a luncheon on June 22. The event celebrated the core team responsible for crafting Pakistan’s Federal Budget for the fiscal year 2026-27. Attendees included FBR Board Members and senior officials from both the Ministry of Finance and the FBR. Event Details Held in Islamabad, the luncheon marked an expression of gratitude towards the team pivotal in formulating the Federal Budget 2026-27. Chairman Langrial and Secretary Bosal used this opportunity to acknowledge the dedication of the budget team, comprising key personnel from the Ministry of Finance and the FBR. A statement from the Associated Press of Pakistan highlighted the participation of senior officials involved in developing this vital economic strategy for the upcoming year. The Federal Budget outlines the financial plan, setting revenue targets, allocating expenditures, and enacting fiscal policies aimed at economic stabilization and growth. Background on Budget Preparation The Ministry of Finance and the FBR undertake budget preparation as a critical annual task. It requires extensive analysis of economic indicators, revenue forecasts, and expenditure needs. The budget reflects the government’s priorities and sets the economic direction for the country. This process typically involves consultations with various stakeholders, including government departments, industry representatives, and economic experts. It aims to balance fiscal discipline with developmental goals, ensuring efficient resource allocation to support economic growth and social welfare. Significance of the Federal Budget 2026-27 The Federal Budget 2026-27 is crucial as it frames the fiscal policies impacting every economic aspect. It influences taxation, public spending, investment, and social programs. The budget’s implications are far-reaching, affecting businesses, consumers, and the broader economic environment. The luncheon hosted by Chairman Langrial and Secretary Bosal underscores the importance of recognizing the effort in this process. Honoring the budget team highlights the collaborative effort required to address Pakistan’s economic challenges. Key Economic Objectives Economically, the budget addresses critical issues such as inflation control, unemployment, and the fiscal deficit. It aims to promote growth while ensuring fiscal responsibility. Socially, it seeks to enhance public welfare through increased allocations for health, education, and social protection programs. Internationally, the budget’s success is vital for maintaining investor confidence and garnering international financial support. It reflects Pakistan’s commitment to economic reform and stability, essential for attracting foreign investment and fostering economic partnerships. Key Takeaways Chairman FBR and Secretary Finance honored the Federal Budget 2026-27 team with a luncheon. The event highlighted the collaborative effort in budget preparation. The Federal Budget 2026-27 is vital for Pakistan’s economic strategy and fiscal policies.

Alpine Club Launches Second Women-Only Khosar Gang Expedition
Pakistan

Alpine Club Launches Second Women-Only Khosar Gang Expedition

ISLAMABAD — The Alpine Club of Pakistan (ACP) has announced the launch of its second women-only mountaineering expedition. The team will aim to ascend Khosar Gang, a 6,040-meter peak located in the breathtaking Shigar Valley of Baltistan, part of the Karakoram Range. Announced on June 22, 2023, this initiative continues ACP’s efforts to boost women’s participation in mountaineering and adventure sports. Expedition Details ACP has detailed plans for this exclusive women-only expedition targeting the Khosar Gang peak. This follows the success of their first such expedition, emphasizing the club’s dedication to empowering women through adventurous challenges. Scheduled for later this year, a team of trained female mountaineers will face the quest. Abu Zafar Sadiq, ACP President, pointed out the importance of these initiatives for promoting gender equality in sports. “This expedition goes beyond scaling a mountain; it symbolizes breaking barriers and setting new standards for women in Pakistan,” he said. Additionally, the expedition encourages environmental awareness and sustainable mountaineering practices among participants. The Challenge The Khosar Gang peak, part of the Karakoram Range, offers a demanding climb, even for experienced mountaineers. The all-women team will tackle severe weather, treacherous terrains, and the challenges of high-altitude climbing. Despite these demands, the expedition is set to inspire more women to pursue mountaineering and adventure sports. Changing the Narrative Historically, mountaineering has been male-dominated in Pakistan, with limited chances for women to engage in the sport. The ACP leads efforts to change this trend by hosting women-only expeditions and extensive training programs. The first women-only Khosar Gang expedition, launched in 2021, was a milestone in increasing female participation. Founded in 1974, the ACP serves as Pakistan’s national mountaineering body, pivotal in promoting the sport and instilling national pride. The club organizes various expeditions, training camps, and awareness initiatives to attract participation from diverse societal segments. Impact and Importance The initiative to launch the second women-only expedition to Khosar Gang represents a significant step towards promoting gender equality in Pakistani sports. By creating opportunities for women in mountaineering, the ACP challenges societal norms and encourages new interest in adventure sports. This not only empowers women but also catalyzes broader societal change. Economically, adventure tourism, including mountaineering, has the potential to enhance local economies in regions like Baltistan. More participation can increase demand for local guides, equipment, and hospitality services, creating jobs and fueling the region’s development. Globally, successful women-only expeditions portray Pakistan as a progressive nation endorsing gender equality and women’s empowerment. This can draw international attention and tourists interested in adventure sports, further boosting Pakistan’s tourism appeal. The Alpine Club of Pakistan has launched its second women-only expedition to Khosar Gang. This initiative aims to enhance women’s participation in mountaineering and adventure sports. The expedition will occur in the picturesque Shigar Valley of Baltistan, part of the Karakoram Range. ACP’s efforts are crucial for promoting gender equality in sports.

SECP Approves Digital Lending for Women-Led MSMEs in Pakistan
Business

SECP Approves Digital Lending for Women-Led MSMEs in Pakistan

ISLAMABAD — The Securities and Exchange Commission of Pakistan (SECP) has approved the nation’s first digital lending product specifically designed for women-led Micro, Small, and Medium Enterprises (MSMEs). Announced on June 22, this initiative aims to empower female entrepreneurs by providing them with accessible financial resources. Initiative Details The SECP’s approval marks a significant step in promoting gender inclusivity within Pakistan’s financial sector. This digital lending product will cater exclusively to women entrepreneurs, offering asset financing ranging from PKR 100,000 to PKR 1.5 million. Financing will be contingent upon the outcome of a credit assessment, ensuring funds are allocated efficiently and responsibly. This effort is part of a broader strategy to integrate digital solutions into financial services, enhancing accessibility for underserved segments. By focusing on women-led MSMEs, the SECP aims to address the gender gap in business financing, which has historically limited the growth potential of female entrepreneurs in Pakistan. Strategic Importance SECP officials emphasize the importance of this product in fostering an inclusive financial environment. An SECP spokesperson stated, “This product is a testament to our commitment to supporting women entrepreneurs and ensuring their financial independence.” The digital nature of the product is expected to streamline the application process, making it easier for women to access the funds needed to grow their businesses. Addressing Barriers Historically, women entrepreneurs in Pakistan have faced substantial barriers in accessing finance. Cultural norms, lack of collateral, and limited financial literacy have hindered their ability to secure business loans. The SECP’s initiative responds to these longstanding issues, aiming to create a more equitable financial landscape. The SECP has been actively enhancing the regulatory framework for digital financial services. Reforms to promote fintech innovations and digital banking solutions align with the approval of this digital lending product, modernizing and making the financial sector more inclusive. Impact on Economy and Society The introduction of a digital lending product exclusively for women-led MSMEs holds significant implications for Pakistan’s economic and social landscape. Economically, it could stimulate growth in the MSME sector, a critical component of the national economy. By equipping women entrepreneurs with essential financial tools, the initiative may lead to increased business activity, job creation, and innovation. Socially, the product is a progressive step towards gender equality in business. Empowering women with financial resources can lead to greater economic independence, improved living standards, and enhanced participation in the country’s economic development. This supports global efforts to promote gender equality and women’s empowerment, as outlined in the United Nations Sustainable Development Goals. The SECP has approved a digital lending product for women-led MSMEs. The product offers asset financing ranging from PKR 100,000 to PKR 1.5 million. This initiative aims to bridge the gender gap in business financing. It is part of broader efforts to modernize and digitize Pakistan’s financial sector.

LCCI Meets Lahore DC Over Business Community Concerns
Business

LCCI Meets Lahore DC Over Business Community Concerns

LAHORE — The Lahore Chamber of Commerce and Industry (LCCI) delegation, led by President Faheem Ur Rehman Saigol, held discussions with Lahore Deputy Commissioner Capt. (Retd.) Muhammad Ali Ijaz on Thursday. The meeting addressed business community concerns over recent enforcement actions and relocation notices impacting local industries. Meeting Agenda The LCCI expressed the business community’s growing unease to the Deputy Commissioner. Key issues included recent enforcement actions against industries and issued relocation notices. These have led to the sealing of several bus body maker workshops, disrupting affected sectors. Faheem Ur Rehman Saigol, LCCI President, highlighted adverse impacts on the local economy and called for a collaborative approach between the business community and authorities. He stressed the need for clear communication to ensure enforcement measures do not hinder business operations. Response from Local Authorities Deputy Commissioner Capt. (Retd.) Muhammad Ali Ijaz acknowledged LCCI’s concerns and assured commitment to resolving these issues. He stated, “We are open to dialogue and are keen to work with the business community to find solutions that are in the best interest of all stakeholders.” The meeting concluded with an agreement to establish a task force, including representatives from LCCI and the local administration, to facilitate ongoing dialogue and address future concerns. Regulatory Background The recent enforcement actions and relocation notices are part of a broader local government initiative to regulate industries lacking compliance with environmental and zoning regulations. These measures aim to ensure industrial activities do not compromise public health and safety. Historically, Lahore’s business community has faced challenges with regulatory compliance and enforcement. Previous attempts to streamline industrial operations often met resistance due to economic implications for businesses and workers. The LCCI has consistently advocated for policies balancing regulatory requirements with economic growth and employment support. The chamber plays a pivotal role in mediating between the government and businesses to find workable solutions. Implications for Business The dialogue between LCCI and the Lahore Deputy Commissioner is pivotal in bridging the gap between regulatory enforcement and business operations. Outcomes from these discussions could significantly impact Lahore’s economic landscape, particularly for SMEs vulnerable to abrupt regulatory changes. For the business community, operating without fear of sudden closures or relocations is essential for maintaining investor confidence and job security. The task force establishment models a cooperative approach to regulatory enforcement beneficial for other regions in Pakistan. This engagement reflects the ongoing struggle to balance economic development with regulatory compliance in Pakistan. As the country seeks to attract foreign investment and boost industrial output, creating a stable and predictable business environment is paramount.

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