Local manufacturing plants have manufactured/assembled 2.35 million mobile handsets during February 2023 compared to 0.19 million imported commercially. The locally… Read More
Toyota Sets New Sales Record in February 2023
Toyota Motor Corp. announced on Thursday that its global sales for February set a new record, bouncing back from severe… Read More
SBP Revokes Licenses of 2 Exchange Companies
The State Bank of Pakistan (SBP) has revoked the foreign exchange licenses of two prominent exchange companies, namely Capital Exchange… Read More
Karachi Circular Railway Project Will be Delayed
Vacating 4,653 houses in Karachi Circular Railway (KCR) project area, relocating affected people, and paying compensation have slowed project completion.… Read More
FBR Seizes 238 Cartons of Non-Duty Paid Cigarettes in Rawalpindi
The Directorate of Intelligence and Investigation, Inland Revenue Islamabad has detained 238 cartons containing approximately 2,380,000 sticks of Non-duty paid/counterfeited… Read More
Karachi Police Continues Crackdown Against Traffic Offenders
Sindh police, in collaboration with the Excise Department, are continuing the crackdown operation against traffic violators as per the high… Read More
Dar Still Not Sure When IMF Deal Will be Signed
Finance Minister Ishaq Dar has once again failed to provide a timetable for when the staff-level agreement (SLA) with the… Read More
Rollover of Chinese Loan Worth $2 Billion to Pakistan is Still in Process
A $2 billion Chinese loan to Pakistan that matured on March 23 is currently in the process of being rolled… Read More
Govt to Amend PTA Act to Increase Authority Members
The federal government has decided to amend the Pakistan Telecommunication (Re-organization) (Amendment) Act, 2006, and PTA Rules. Sources in the… Read More
Japanese Firm Offers 35% Cheaper Oil and Gas to Pakistan
A renowned Japanese trading company, in collaboration with an Irish partner, has extended an offer to Pakistan to obtain Russian… Read More
Finance Ministry is Deliberately Delaying Action Against Banks Manipulating Exchange Rates
Despite clear cases of charging ‘higher spreads,’ the Ministry of Finance has been sitting on the State Bank of Pakistan’s… Read More
OCAC Warns Industry May be Unable to Maintain 20-Day Fuel Cover
The Oil Companies Advisory Council (OCAC) has raised red flags over the ability to sustain the petroleum stockpile as the… Read More
