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Wednesday, November 13, 2024

Government taking steps to eradicate own-money in auto sector

In an attempt to combat the overarching “own money” problem that the Pakistani auto industry is facing for a long time, and in turn, decrease the cost of cars for the people of Pakistan government has decided to penalize late deliveries.

Engro Corporation & Parwaaz collaborate to upskill farmers

The two partners will work together to create a skilling program that comprises of curriculum developed with subject matter experts to teach modern farming practices to learners and integrating them with digital systems.

Did economic factors impact the recent PSX rally?

Upon the question of long-term expectations in the Stock Market, AKD’s expert said, “as expectations are that inflation would be decreasing in the near future, along with an upward trend in the economic activity in the country and high liquidity, the economy will grow in the long term, and thus we expect the same of the market”.

FBR crosses Rs4 trillion revenue collection for the first time in May 2021!

The net collection for May was Rs386bn against a target of Rs358bn, an increase of Rs28bn. Compared to the collection of Rs229bn in May 2020, the collection saw a growth of 69 percent Year-on-Year(YoY).

Cars to get more expensive because of this reason!

According to Intel CEO Pat Gelsinger, the chip shortage will last beyond 2022 as demand far outstrips supply. Reportedly, 3.8 million fewer cars would be produced due to this reason.

PM inaugurates Rashakai SEZ; project to bring billions in investment!

This Rashakai SEZ in Nowshera KPK is part of the China Pakistan Economic Corridor cluster, and it will prove to be a milestone in respect to attracting investment from the foreign sector as special incentives given by the government to set up industries continue.

Pakistan’s exports increase in double numbers in last ten months!

The national assembly was informed by the government that Pakistan’s exports are up 13.4 percent to 21 billion dollars during the ten-month fiscal year 2021, from July 2020 to April 2021.

Pakistan to post 4.5% GDP growth rate this year, claims Aqeel Karim

Pakistan's projection of 4% GDP growth led PSX to make records. Aqeel claimed these are conservative figures. At the same time, PMLN's ex-governor gets fact-checked by people on PSX's performance in 2018.

Pakistan, Uzbekistan do trial runs of trade via war-torn Afghanistan

In an interview, the SAPM on Commerce and Investment Abdul Razak Dawood said that Pakistan expects to sign a multilateral preferential trade agreement (PTA) with both Afghanistan and Uzbekistan. It could mean that free trade would prevail, or low-tariff treatment would be agreed upon between three countries to facilitate trade.

HBL inks landmark investment in Finja, Pakistan’s leading fintech startup

HBL becomes the first bank in Pakistan to invest in a digital fintech startup with its Rs176 Million (USD 1.15 Million) participation in the...

Aliyah Hamza praised for presenting PTI’s economic achievements!

The seven-minute speech by the MNA explains to the parliament and by extension the mass population of Pakistan the economic reforms brought by the incumbent government and the results in the form of economic progress. It was a reply to the opposition’s rhetoric, “government has destroyed the economy”, and “government is unable to run the country”.

PM Imran Khan praised as circular debt reduces, economy grows

Asad Umer said, "This improvement in energy sector performance and a slowdown in buildup of circular debt has been the result of sustained hard work, analytical data-based decision making and willingness to break the nexus between decision-makers and powerful elite"