Information Technology sector fetched $25.5 million Foreign Direct Investment (FDI) in July-May 2019 compared to $29.5 million in the corresponding… Read More
Mitsui Group’s Heads Meet With Abdul Razzaq Dawood on Potential Investment in Pakistan
Executive Vice President and Chief Operating Officer (COO) of an eminent Japanese company Mitsui, Mori Moto, along with other representatives… Read More
PTA Sends a Letter to GSMA on Its Concerns Over Delay in Telco License Renewal
Pakistan Telecommunication Authority (PTA), while setting aside GSMA’s concerns on renewal of mobile licenses in the country, has justified the… Read More
No Mention of Etisalat’s Pending $800 Million Payment for PTCL in Budget Documents
The government seems to have given-up hopes about getting the outstanding $800 million on account of privatization of Pakistan Telecommunication… Read More
Fitch Affirms Pakistan’s Long Term Rating at “B-” With a Stable Outlook
Fitch Ratings has affirmed Pakistan’s long-term foreign-currency issuer default rating (IDR) at ‘B-‘ with a stable outlook. Pakistan’s ratings reflect… Read More
Here’s What the Govt. Gave to Pakistan Railways in the Annual Budget
The government has earmarked a grant of Rs. 39 billion for Pakistan Railways (PR) for the fiscal year 2019-20 to… Read More
Govt Expects Rs. 52 Billion from 3G Licenses in FY2019-20
The government has budgeted Rs 52.73 billion from 3G licenses under the head of non-tax revenue for the next fiscal… Read More
Govt Withdraws Tax Exemption on Phones Brought by International Travelers
Until now, the government had allowed international travelers to register one phone with DIRBS without paying any taxes. The baggage… Read More
Pakistan Govt Needs An Alarming 91% of Its GDP to Pay Off All Debts
The government has to spend around Rs 3.987 trillion during the fiscal year 2019-20 to retire principal and interest payments… Read More
Govt Proposes to Impose FED on Internet Services
The government has proposed the withdrawal of exemption of Federal Excise Duty (FED) on internet services and foreign satellite bandwidth… Read More
Telecom Sector Remains One of the Top Investors in Pakistan: Economic Survey 2018-19
Telecom operators have invested a significant amount of US$ 200.1 million from July 2018 to March 2019. The main driver… Read More
Pak Railways Boasts a 10.3% Growth in Revenue in FY2018-19
Pakistan Railways’ gross earning revenue grew by 10.3% and amounted to Rs 34.0661 billion during the fiscal year 2019 (July-February).… Read More