The Pakistani rupee (PKR) rose third day in a row against the US Dollar today after opening trade at 278… Read More
Cabinet Terminates Over 150,000 Govt Jobs
The Federal Cabinet on recommendations of the Rightsizing Committee has decided to eliminate approximately 150,000 vacant government positions and further… Read More
PSO Continues to Dominate Energy Market, Reports Rs. 15.9 Billion Profit in FY24
Pakistan State Oil (PSO), the nation’s largest energy company, showcased impressive financial performance and strategic prowess in a challenging market.… Read More
IT Ministry Yet to Finalize National Artificial Intelligence Policy
The Ministry of Information Technology and Telecommunication has yet to finalize the National Artificial Intelligence Policy. Artificial Intelligence across the… Read More
Fauji Cement Posts Highest Ever Profit of Rs. 8.2 Billion in FY24
Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the year ended on June 30, 2024, posting… Read More
2 Strategic Investors to Offload 6.1% Stake in Power Cement Ltd
Power Cement Limited (PSX: POWER) has received a letter from its strategic investors for the sale of 6.1 percent shareholding… Read More
Saudi Arabia Offers to Buy 15% Stake in Reko Diq
Saudi Arabia has offered to buy 15 percent stake in Pakistan’s Reko Diq mining project, alongside a substantial grant for… Read More
Pak-Afghan Transit Trade Plunges by 59% in FY24
Transit trade between Pakistan and Afghanistan saw a big drop during the financial year 2023-24. The federal government’s measures to… Read More
IT Ministry Explains Why Elon Musk’s Starlink Still Hasn’t Come to Pakistan
The Ministry of Information Technology and Telecommunication (MoIT&T) of Pakistan has confirmed that Starlink, a prominent satellite broadband service provider,… Read More
FBR Likely to Exempt Retailers From Sales Tax With Annual Turnover Less Than Rs. 100 Million
Federal Board of Revenue (FBR) will exempt retailers/shopkeepers from tax audits and scrap sales tax on traders with an annual… Read More
PTA Registers Over 20,000 VPNs Under New Whitelisting Operation
The Pakistan Telecommunication Authority (PTA) has registered 20,437 Virtual Private Networks (VPNs) under its whitelisting operation, encompassing 1,422 companies. Of… Read More
Cotton Production Plummets Nationwide
Severe temperatures have wreaked havoc on early-sown cotton crops in Punjab, hurting overall production. According to a report by the… Read More
