During the first eight months of the current fiscal year, Pakistan received less than $9.5 billion in foreign loans. It also had difficulties in obtaining new loans from its two biggest multilateral lenders. The current fiscal year’s July–February period saw a slowdown in overall payments from international creditors, even though Pakistan is under the International […]
OPay, a leading unicorn in the fintech industry backed by world-class investors, firmly denies all allegations made by Finja. A legally binding agreement governs the acquisition of Finja by OPay, and OPay encourages Finja to fulfill its obligations under this agreement. OPay asserts it will not be coerced into making payments beyond what is legally […]
Pakistan’s exports to China exceeded $468 million, according to the data from the General Administration of Customs of the People’s Republic of China (GACC), said Ghulam Qadir, Investment and Trade Counsellor of the Embassy of Pakistan in China. Ghulam Qadir said that Pakistan’s exports to China increased by 4.96% year-on-year in January-February 2024, according to […]
The prices of solar panels in Pakistan, particularly in Lahore, have witnessed a substantial decline. This drop in solar panel rates has brought about increased affordability, offering a ray of hope for Pakistanis amidst soaring power tariffs and a growing inclination towards green energy solutions. Reports indicate a notable decrease in the prices of solar […]
The way people shop has changed a lot in Pakistan and around the world because more and more people are using the internet to buy things. Because of this, the government is thinking about putting taxes on digital platforms. This idea comes from the International Monetary Fund (IMF), which advises countries about money matters. Recently, […]
India stayed at number 126 and Pakistan at number 108 in the annual World Happiness Report, which was released on Wednesday by the United Nations. For the eighth consecutive year, Finland held the top spot in the world happiness rankings, followed by Iceland, Denmark, and Sweden in the Nordic region. Australia, Israel, the Netherlands, Norway, […]
As per details, PIA’s PK-704 flight developed a technical fault in landing gear while flying to Islamabad from Istanbul airport. Passengers of the flight were accommodated on the Turkish Airlines flight, while the PIA engineers’ team departed for Turkiye to resolve the fault. Currently, the plane is grounded at Istanbul Airport. Earlier in January it […]
The FAA in late January took the unprecedented step of telling Boeing it would not allow the company to expand 737 MAX production in the wake of a mid-air emergency on an Alaska Airlines jet earlier in the month. FAA Administrator Mike Whitaker told Reuters in an interview on Tuesday that the agency has not […]
Japan’s yen was at a 4-month low after the BOJ finally ditched sub-zero rates, but the focus was on whether the Fed signals that it now expects to cut U.S. rates twice this year rather than the three that markets have been hoping for. The dollar was standing almost 0.5% higher on the day in […]
President Joe Biden’s decision to announce a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November’s presidential rematch against Donald Trump. The southwestern state was one of the tightest races of 2020, with Biden winning by just 10,457 votes. Winning it in 2024 could prove crucial for […]
