The local manufacturing plants have manufactured/assembled 15.61 million phones handsets during the first eight months (January-August) of 2022 compared to… Read More
Electricity Soon to Get Cheaper in Punjab; Says Chaudhry Pervaiz Elahi
Punjab will soon get cheap electricity via green energy projects which will be installed across the province, it is learnt… Read More
Pakistan Textile Council Asks to Import Indian Cotton on Short Supplies
Pakistan should import cotton from neighboring India to avoid another balance of payment crisis, said Pakistan Textile Council (PTC) in… Read More
$ 200 Million Oil Imported on Deferred Payment From Saudi Arabia in July-August
Pakistan imported petroleum products worth $100 million on a deferred payment basis under the Saudi oil facility for the sixth… Read More
World Bank to Shift Savings of $ 30 Million from Terbela-4 to Tarbela-5
The $ 30.4 million IDA Credit of World Bank is saved through cost-cutting by Wapda in Tarbela-4 Extension will… Read More
SECP Amends Regulation for Hiring New Credit Rating Agency
The Securities and Exchange Commission of Pakistan (SECP) has directed the companies to seek the No-Objection Certificate (NOC) from the existing credit… Read More
Miftah Ismail Resigns as Ishaq Dar All Set to Take Charge as Finance Minister
Minister of Finance, Miftah Ismail, has formally resigned from his post as senior PML-N member and former Ishaq Dar is… Read More
Customs Seize Imported Phones, MacBooks Worth Rs. 64 Million
Pakistan Customs has confiscated imported luxury phones as well as Apple laptops worth approximately Rs. 64 million at the lslamabad… Read More
USF Approves Rs. 21 Billion for New Optical Fiber and Broadband Projects
The Universal Service Fund (USF) Board has approved the award of 10 contracts worth approximately Rs. 21 billion for the… Read More
World Bank Likely to Provide Pakistan $2 Billion for Flood Relief
The World Bank is looking to provide financing of about $2 billion to prepare emergency operations to quickly start the… Read More
SBP Steps Up to Record Forex Transactions Via Formal Channels
In order to further enhance transparency and promote documentation in the foreign exchange transactions, State Bank of Pakistan has advised… Read More
Pakistan Received Only $439 Million Foreign Loans in First 2 Months of FY23
Pakistan borrowed $439.32 million from multiple financing sources in the first two months (July and August) of the current fiscal… Read More
