The data released by the Bureau of Statistics revealed a staggering 248 percent increase in mobile phone imports during the first nine months compared to the corresponding timeframe of the previous fiscal year. Notably, imports soared from Rs 106 billion to over Rs 369 billion from July to March. As per the Bureau of Statistics, […]
According to the Institute of Space Technology (IST), the satellite ICUBE-Q has been designed and developed by IST in collaboration with China’s Shanghai University SJTU and Pakistan’s national space agency SUPARCO. ICUBE-Q orbiter carries two optical cameras to image the lunar surface. Following successful qualification and testing, ICUBE-Q has now been integrated with the Chang’e6 […]
In response to recent economic considerations, the price of petrol in Pakistan has witnessed a significant reduction of Rs5.45 per liter. This adjustment, proposed per recommendations from the Oil and Gas Regulatory Authority (Ogra), brings the price down from Rs293.94 to Rs288.49 for the upcoming two-week period. The decision to lower petrol prices aims to […]
Pakistan Hotels Developers Limited (PHDL), listed on the Pakistan Stock Exchange (PSX) as PHDL, witnessed an impressive surge in its profitability during the first quarter of 2024. The company’s profit after tax skyrocketed to Rs85.38 million, a remarkable increase from Rs15.38 million in the same period last year. This surge translates to an earnings per […]
The State Bank of Pakistan (SBP) stated on Tuesday that it has received $1.1 billion from the International Monetary Fund (IMF), a day after the global lender approved Pakistan’s final tranche under the $3 billion Stand-By Arrangement (SBA). This news significantly increased Pakistan’s foreign exchange reserves. The sum will be included in the SBP’s foreign […]
The American businessman Jeff Bezos, who founded the online retailer Amazon, has shared his daily routine with the public, piqueing their curiosity about what the wealthy actually do. Jeff Bezos, the founder of Blue Origin, an aerospace business, advised starting his mornings extremely slowly. He revealed on the Lex Friedman Podcast that he drags his […]
The production of seasonal fruits is a major source of income for agricultural families living in impoverished mountainous regions. However, as the harmful effects of climate change begin to affect Khyber-Pakhtunkhwa (K-P)’s rainfall patterns, many poor families will be left with destroyed crops in their fields. The shift in the monsoon season in K-P, which […]
According to a source with knowledge of the situation, Elon Musk, the CEO of Tesla (TSLA.O), made an unexpected trip to Beijing on Sunday. There, he is anticipated to meet with top authorities to discuss the release of Full Self-Driving software and authorization to send data outside. According to Chinese official media, Musk visited Premier […]
Prime Minister Shehbaz Sharif and International Monetary Fund (IMF) Managing Director Kristalina Georgieva discussed a new loan arrangement on Sunday on the fringes of the World Economic Forum Special Meeting in Riyadh. According to a statement released by the PM Office, PM Shehbaz reaffirmed his government’s commitment to getting Pakistan’s economy back on track during […]
The rupee is predicted to stay steady until June, but traders are bracing for a possible depreciation of the currency due to the State Bank of Pakistan’s (SBP) anticipated reduction in interest rates before to the conclusion of the current fiscal year, The News stated on Sunday. To predict the direction of the local currency […]
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