The announcement was made by Sindh Excise Minister Sharjeel Inam Memon. Under the new policy, the changes will be implemented in three phases, Memon explained. In the first phase, starting from July 1st, biometric verification will be required for the registration of new vehicles. In the second phase, effective from November 1st, biometric verification will […]
This decline in petrol prices is largely attributed to the Organization of the Petroleum Exporting Countries (OPEC) revising its global oil demand forecast, leading to reduced demand and subsequent price drops, said Tahir Abbas Head of Research AHL. As an oil-importing country, Pakistan benefits from this decline, with local fuel prices adjusted fortnightly. Over the […]
According to sources, the Essential Services Act has been enforced for six months in DISCOs, NTDC, and GENCOs to prevent employees from going on strikes as the Pakistan government is planning the privatization of these loss-making state-owned entities. Sources added that the act also restricts union activities within DISCOs, NTDC, and GENCOs. It is anticipated […]
The local unit (PKR) appreciated by 10 paisa against the US dollar (USD) and closed at Rs 278.16 against the previous day’s closing of Rs 278.44. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.00 and Rs 280.85 respectively. […]
According to the statistics, exports to the United States in July this year stood at 476.017 million dollars, which is 7.26 percent higher than the same period last year. The exports to the UAE witnessed an increase of 7.74 percent. Similarly, the exports to Britain and China stood at 183.303 million dollars and 160.100 million […]
As per details, new local airlines including Jet Green, Q Airways, and Go Green Air have approached the CAA for licenses and permits, according to sources. Air Indus has also contacted the Civil Aviation Authority to resume flight operations, sources revealed. Q Aviation and Liberty Air, have also applied for licenses from CAA to launch flight […]
The Khyber Pakhtunkhwa Rural Roads Development Project will upgrade around 900 kilometers of rural roads in the province that are susceptible to floods and are in poor condition, according to an ADB press release received here on Friday. These cover key routes that link remote communities to education, health care, and markets, it said adding […]
IMF’s Director of Communication, Julie Kozek, confirmed an Executive Board meeting scheduled on September 25 in a press briefing, adding that negotiations for a new $7 billion loan program were finalized back in July. On the other hand, the Finance Minister of Pakistan – Muhammad Aurangzeb – announced that all matters with the IMF have […]
The global slowdown in sales of electric vehicles (EVs), partly due to diverging policies on green incentives, has pushed automakers worldwide to adjust their EV plans. “The measure is necessary due to the current lack of orders linked to the deep difficulties experienced in the European electric (car) market by all producers, particularly the European […]
The central bank slashed the interest rate by two percent to 17.5% in the monetary policy announced today. The Monetary Policy Committee (MPC) of the central bank met today to fix the policy rate for the next one and a half months. Analysts were expecting that the committee will continue monetary easing between 150-200bps on […]
