The data showed that the inflows of remittances during July were recorded at US$ 161 million as compared to US$ 200 million in June 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 investment activities in Pakistan. The […]
The partnership, announced shortly after a signing ceremony, will see Qatar Airways gain two seats on Airlink’s board while remaining a non-controlling shareholder. According to Airlink CEO Rodger Foster, the collaboration will enhance connectivity between the Doha hub and additional markets in South and East Africa, where Airlink has a strong presence. Qatar Airways already […]
Authorities announced environmental approvals for SunCable’s US$24 billion project in Australia’s remote north that is slated to power three million homes. The project, which will include an array of panels, batteries, and eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes. “It will be the largest solar […]
The prime minister, chairing a meeting to review the measures for the elimination of smuggling, reiterated that the government would never allow the smugglers to damage the national economy. He said the government utilized modern technology to curb smuggling and instructed to apprehend the people involved in smuggling, and their facilitators and confiscate the transport […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.70 and Rs 280.40 respectively. The price of the Euro increased by 89 paise to close at Rs 308.38 against the last day’s closing of Rs 307.49, according to the State […]
PM Shehbaz issued these directives while chairing a review meeting on Chinese investment in Islamabad, where he was briefed on the Chinese experts’ delegation visit to Pakistan from July 30 to August 6, 2024. The forum was told that the Chinese delegation met with representatives from various ministries, who offered suggestions to enhance cooperation in […]
The Federal Aviation Administration is requiring inspections after a report “of uncommanded movement of the captain’s seat in the forward direction that caused a rapid descent,” the agency said in a statement. Operators are also required to perform necessary corrective actions under the airworthiness directive, which affects 158 US-registered 787 Dreamliner models and 737 planes […]
A total of 471,749,071 shares were traded during the day as compared to 600,719,724 shares the previous day, whereas the price of shares stood at Rs 16.915 billion against Rs 21.071 billion on the last trading day. As many as 441 companies transacted their shares in the stock market, 115 of them recorded gains and […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.60 and Rs 280.30 respectively. The price of the Euro increased by Rs 1.49 to close at Rs 307.49 against the last day’s closing of Rs 306.00, according to the State […]
The bidding process for the first few projects opens on Aug. 19 and will close next month, Chief Strategy Officer Shahab Qader Khan said in an interview. Developers will compete for multiple solar projects that will sell electricity to K-Electric, he said, adding that the portfolio will include 200 megawatts of hybrid solar-wind generation. Pakistan […]
