The registration process is now available through a unified “one window” operation on the PTA and PSEB websites. This ongoing effort, coordinated by the Pakistan Telecommunication Authority (PTA), Ministry of Information Technology (MOIT), Pakistan Software Export Board (PSEB), and Pakistan Software Houses Association (P@SHA), has already seen over 20,000 IPs registered since 2020. The initiative […]
The empty containers could not withstand the force of the high winds and were overturned. However, there were no reports of any injuries or significant financial losses as a result of the incident. Port authorities confirmed that the containers, parked at the South Asia Port Terminal, were empty which likely prevented more severe consequences. Despite […]
During July, over 280 metric tons of sugar costing $0.297 million were imported as compared to the imports of 574 metric tons valued at $0.539 million in the same month of the last year, according to the data of the Pakistan Bureau of Statistics. Meanwhile, the imports of edible oil including soybean and palm into […]
“The joint venture of Sinjhoro block comprising Oil & Gas Development Company Limited (OGDCL) as operator with 76% working interest, Orient Petroleum (19%) and Government Holdings (Private) Limited (GHPL) (5%) has made gas condensate discovery at the Baloch-2 well in the exploratory zone of Sembar Formation, in Baloch Development and Production Lease (D&PL), Sinjhoro Exploration […]
Improvements in the Belgian, Dutch, and French electric-vehicle (EV) markets failed to offset a drop of almost 37% in Germany’s battery-electric sales, the European Automobile Manufacturers Association (ACEA) said. WHY IT’S IMPORTANT Car sales have shown mixed trends across the bloc, in part due to diverging policies on green incentives, while regulators have imposed hefty […]
As per details, the report compiled by the Auditor General of Pakistan revealed that NBP failed to recover the loan amount of Rs23.35 billion in FY2023-24. The report stated the bank, lent Rs15.28 bln to the sugar mills in 2022 which was due with interest of Rs8.6bln in FY2023-24, but the bank failed to recover […]
As per details, the sources said K-Electric disconnected the electricity supply to the City Railway Station and the Railways colonies on unpaid dues of over Rs200mln. The power disconnection is affecting the railways booking office, and engine loco shed, the sources said, and added the train operation will be affected if engines are not provided […]
The data showed that the inflows of remittances during July were recorded at US$161 million as compared to US$ 200 million in June and US$ 224 million in May 2024. These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and […]
According to sources within Finance Ministry, the foreign remittances currently, stand at $32 billion and the government aims to increase it by 10% annually. To achieve this target, 26 Community Welfare Attachés will be appointed in Gulf countries and Europe next month. These attachés will facilitate overseas Pakistanis in investing in technology zones and provide […]
Lego, which sells billions of plastic bricks annually, has tested over 600 different materials to develop a new material that would completely replace its oil-based brick by 2030, but with limited success. Now, Lego aims to gradually bring down the oil content in its bricks by paying up to 70% more for certified renewable resin, […]
