In response to queries from lawmakers, Parliamentary Secretary of the Industries and Commerce Department, Ali Ahmed, told the house that the provincial government is extending cooperation to industrialists. However, Leader of Opposition Ali Khurshid expressed dissatisfaction with the responses, seeking information on the number of industrial units closed and new ones established between 2018 and […]
The world’s second-largest economy has yet to achieve a highly anticipated post-pandemic recovery, and the government has set a goal of five percent growth in 2024 — an objective analysts say is optimistic given the headwinds it is facing. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would […]
In August 2024, power generation in Pakistan declined by 17.4% compared to August 2023, reaching 13,179 gigawatt-hours (GWh) or 17,714 megawatts (MW), according to AHL Research report. This is a significant drop compared to 15,959 GWh (21,450 MW) during the same period last year. On a month-over-month (MoM) basis, power generation witnessed a dip of […]
Kuwait Airways said in a press release on Sunday that these measures align with directives from the Government Performance Follow-up Agency to the company’s board of directors and the Public Investment Authority. The airline informed it implemented all necessary procedures to address issues related to this contract. Kuwait Airways said it is committed to adhering […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279 and Rs 280.7 respectively. The price of the Euro decreased by 1.79 paise to close at Rs 308.40 against the last day’s closing of Rs 310.19, according to the State […]
This was revealed in a meeting of the Senate Standing Committee on Industries headed by Senator Saifullah Abro. The meeting was also attended by officials of the State Bank of Pakistan (SBP). During the meeting, a major revelation was made by JUI-F Senator Kamran Murtaza. Murtaza claimed commercial banks in Pakistan earned Rs65 billion by […]
As per details, the FBR headquarters has issued a letter to the Chief Commissioner of the Corporate Regional Tax Office, mentioning concerns over the slow pace of revenue collection. The letter mentioned the need to enhance efforts to achieve targets, particularly in the first quarter of the financial year. The FBR has also directed the […]
According to the statistics, exports increased by 620 million to reach 5.1 billion dollars in August. Due to the export increase, the country’s trade deficit has narrowed to 3.6 billion dollars from 3.751 billion dollars at the beginning of the current fiscal year. Meanwhile, imports of high-duty items such as vehicles, home appliances, and other […]
As per detail, the report revealed that the Sindh Solid Waste Management Board made unauthorized utility allowance payments, with the administration spending Rs. 4.8 million on utility allowances. Similarly, the SBCA administration made unauthorized payments of Rs. 17.4 million. The audit report highlighted that these unauthorized payments are a clear violation of financial regulations and […]
With an estimated cost of Rs 70 billion, this initiative promises to revolutionize intra-city travel for Faisalabad’s growing population. The Metro Bus Service will cover three primary routes; Kamalpur Interchange to Samundri Road; Narwala Ada to Satiana Road; Jhang Road to Jaranwala Road Red Crescent Chowk will serve as the central hub, connecting all routes. […]
