The cycle of foreign exchange inflows and outflows continues as the central bank paid off large debts on behalf of… Read More
Pakistan’s Trade Deficit Decline by 27% in FY20 Despite COVID-19 Pandemic
Pakistani exports registered another increase of over 14.04% in June as compared to May 2020 as exports are showing clear… Read More
Bill Approved to Surgically Castrate Child Abusers
In a bid to suppress child abuse, the Azad Jammu and Kashmir Assembly has passed a bill that allows the… Read More
PIA Sacks 49 Employees Due to Fake Degrees and Other Issues
Pakistan International Airlines (PIA) has terminated 49 employees during June due to fake credentials and disciplinary grounds. According to the… Read More
CDNS Increases National Saving Schemes Profit Rates
In a bid to re-attract investor’s interest in the National Saving Schemes, the Central Directorate of National Savings (CDNS) marginally… Read More
Fact Check: Reports on Social Media Say PTA Website Hacked for Banning PUBG
Pakistan Telecommunication Authority (PTA) has clarified that its official website hasn’t been hacked and is working perfectly. Reports on social… Read More
PIA Downgraded to a 1-Star Airline
Airline Ratings, the world’s best airline safety and product rating review website, has downgraded the Pakistan International Airlines (PIA) ranking… Read More
CCP Approved 59 Mergers & Acquisitions, 43 Exemptions During FY20
The Competition Commission of Pakistan (CCP), in the fiscal year 2019-20, has processed and granted approval to 59 Merger &… Read More
World Bank Member IFC Investing Rs. 500 Million in Pakistan’s Mortgage Sector
IFC, a member of the World Bank Group, is making an equity investment of up to Rs. 500 million (about… Read More
Punjab Govt to Build a New University Near Lahore
On Wednesday 1 July, Punjab Governor, Chaudhary Muhammad Sarwar signed the Baba Guru Nanak University Nankana Sahib Bill 2020. After… Read More
Lahore Traffic Police Starts Strict Crackdown Against Banned Number Plates
At the directives of Chief Traffic Officer (CTO) Lahore, Syed Hammad Abid, the provincial capital traffic police has launched a… Read More
PIA Owned Roosevelt Hotel Will Now Run Under a Joint Venture
Adviser to the Prime Minister on Finance and Revenue recently chaired a meeting of the Cabinet Committee on Privatization at… Read More
UET Lahore Cuts Salaries and Pensions for June
The oldest engineering university in Pakistan, University of Engineering & Technology (UET) Lahore, is grappling with an extreme financial crunch… Read More
American Financial Institution to Involve Pakistan in Multi Billion Dollar Regional Fund
The United States’ International Development Finance Corporation (IDFC) is keen to involve Pakistan in a regional fund intended for Central… Read More
Pakistan and China Set up COVID-19 Prevention and Control Mechanism
Pakistan and China have formally established a joint COVID-19 prevention and control mechanism to increase bilateral coordination in the ongoing… Read More
