Syeda Sadia Shahid

Pakistan, Afghanistan agree to allow free movement of cargo trucks

Pakistan and Afghanistan have made a contract to permit free movement of each other’s trucks carrying trade shipments between the two countries...

887

First rainwater storage tank with 100,000 gallons capacity completed in Rawal Park

The first underground rainwater tank with a storage capacity of 100,000 gallons has been constructed at Rawal Park. The Parks and Horticulture...

955

ISKP claims responsibility for suicide bomb attack in Sibi

Islamic State Khorasan Province (ISKP) claimed responsibility for a suicide attack that took place on Tuesday in Sibi district of Balochistan in...

CDA

Trial run of Metro Bus Service to Islamabad Airport to start in April’s first week

The much-anticipated metro bus service from Peshawar Morr to Islamabad International Airport is expected to become operational next month (April 2022). As...

782

Remittances soar to $20.14 billion during July-February

Workers’ remittances in February stood at around $2.2 billion, showing a growth of two percent month-on-month. The remittance from the overseas Pakistanis...

11 sectors record double-digit growth in exports in February

The exports of 11 sectors, comprising value-added textiles, showed double-digit growth in February when compared to the corresponding month last year. According...

Low-cost carrier Fly Jinnah unveils brand identity as it moves closer to launch

At present, there are three private airlines, operating in Pakistan. Fly Jinnah, with the abbreviation ‘FJ’, has come ahead as a fourth...

856

Khyber Pakhtunkhwa PDWP approves development projects worth Rs 30.6 billion

The Provincial Development Working Party (PDWP) has approved development schemes costing Rs 30.602 billion in Khyber Pakhtunkhwa. The projects were approved in...

854

Inflation

44% Pakistanis disturbed over rising inflation and unemployment

At least 80 percent of Pakistanis have the opinion that the country is moving in the wrong direction. The top concerning issues...

Imran Khan

Karachi’s Shaukat Khanum cancer hospital to be opened by end of next year

Prime Minister Imran Khan has said the Karachi branch of Shaukat Khanum Memorial Cancer Hospital will be operational by the end of...

770

Oil Marketing Companies

Rs 20 billion proposed for paying price differential to Oil Marketing Companies

The Petroleum Division and Ministry of Energy has proposed Rs 20 billion initially as supplementary grant for payment of Price Differential Claim...

SBP directs banks to employ 20% women by 2023

State Bank of Pakistan has directed banks across the country to employ at least 20 percent of women by 2023. Addressing the...

958

Coke Studio

‘Pasoori’ makes it to the top 3 on Spotify’s Global Viral 50 list

Ali Sethi and Shae Gill’s ‘Pasoori’, the famous Coke Studio track, broke the records as it has still listened to weeks after its release- it...

746

Coronavirus

Pakistan achieves major milestone by fully vaccinating 100 million citizens

The World Health Organization (WHO) has applauded Pakistan on immunizing 100 million residents against COVID-19. “Heartiest Congratulations to Pakistan,” the WHO said...

760

Trade deficit widens to $32 billion in eight months

Pakistan’s trade deficit has widened by 82.26% to almost $32 billion in eight months (July to February) of the ongoing financial year...

713

FBR

FBR reduces property valuation rates of immovable properties in 40 cities

The Federal Board of Revenue (FBR) on Thursday revised property valuation rates of immovable properties in 40 major cities of the country. In 2016,...

680

Digital Pakistan

Death certificate system to be digitized for ease in insurance claims

The Securities and Exchange Commission of Pakistan (SECP) has got down to provinces for the digitization of the death certificate system to...

697

Business

Bank financing to SMEs jump by 20% to Rs 524 billion in second quarter

Bank financing to small and medium enterprises (SMEs) has jumped by 20 percent quarter-on-quarter in October-December 2021. The PTI government has been...

697

Climate Change

In a first, Pakistan elected to UN Environment Assembly

Malik Amin Aslam, Special Assistant to Prime Minister (SAPM) on Climate Change, has been chosen as vice president of the UN Environment...

813

Computers

Alvi attends event on Pakistan’s first open-source RISC-V microprocessor

The Usman Institute of Technology University has developed Pakistan’s first open-source microprocessor and now the country is looking forward to creating its...

898

organ transplant

Punjab allows swap transplant from stranger to end organ trafficking

The Punjab government has approved swap transplant plan- the country’s first scheme which enable the patients to have access to the organs...

679

APS massacre survivor Ahmad Nawaz elected president of Oxford Union

Army Public School massacre survivor, Ahmad Nawaz, has been nominated president of the Oxford University’s debating society Oxford Union. Nawaz tweeted, “Today...

775

Pakistan launches national gender policy framework to empower women

On the occasion of International Women’s Day, the Ministry of Planning, Development, and Special Initiatives launched the National Gender Policy Framework intended...

Featured2

After completion of 10 economic zones, Punjab to now launch four more SEZs

The government has established 10 Special Economic Zones (SEZs) in different parts of Punjab to promote the manufacturing sector, boost diversification in...

1.9K

Islamabad

Old Marghazar Zoo in Islamabad to be replaced by a virtual zoo

Capital Development Authority (CDA) Chairman Amer Ali Ahmed and Islamabad Wildlife Management Board (IWMB) Chairperson Rina Saeed Khan visited the old Islamabad...

689

Oil prices may hit $240 if sanctions on Russia supply continue

Experts say that oil prices could hit $240 per barrel this summer in the worst-case scenario if Western countries roll out sanctions...

915

Constitution

Word ‘minorities’ to be replaced by ‘non-Muslims’ in Constitution of Pakistan

The National Assembly’s Standing Committee on Law and Justice has given the approval to replace the word “minorities” with “non-Muslims” in Article...

Foundation stone laid for rehabilitation of Rs 4 billion Saggian Road-Sharaqpur Road

Chief Minister Usman Buzdar has laid foundation stone for rehabilitation project of Rs 4.32 billion Saggian Road-Sharaqpur Road. Addressing the inauguration ceremony, the...

Pakistan and Uzbekistan agree to expand trade via Afghanistan

Pakistan and Uzbekistan have decided to further expand and deepen their strategic partnership in all areas and agreed to determine an accord...

1.8K

chitral

Construction work on 153 km Chitral-Shandur road begins after 40 years

The construction work of Upper Chitral and Shandur Road after 40 years has been handed over to National Highway Authority after federalization,...

Housing Scheme

Government to give housing loans to non-gazetted employees, overseas Pakistanis

The government is looking forward to organising housing loans for lower cadre non-gazetted employees benefitting them from the Naya Pakistan Housing Programme...

740

Record $100 million per day growth of exports during February

Exports of the country has showed a hike to $2.80 billion in February FY2022 from $2.06 in the same month last year,...

857

Fitch Ratings forecasts robust GDP growth of 4.5% this year

Fitch, one of the three leading international rating agencies, based in New York has said that GDP rate of Pakistan during the...

734

Highest-ever revenue of Rs 644 billion generated from telecom sector in FY21

The telecom sector has earned the revenue of Rs 644 billion in the fiscal year 2020-21, the highest-ever, as compared to the...

623

Microsoft rolls out K12 education transformation framework in Sindh

Microsoft penned down an Educational Transformation Agreement (ETA) contract with two main divisions of the Government of Sindh, The School Education and...

899

SBP Merit Scholarship Scheme announced and you can apply by March-end

State Bank of Pakistan (SBP) has announced the Merit Scholarship Scheme 2020-21 which will given to the brilliant and bright children of...

954

Lahore

Tomb of Jahangir in Lahore makes it to the World Monuments Fund watch list for 2022

Jahangir’s mausoleum complex has been nominated in the World Monuments Fund (WMF) as one of the 25 heritage spots on the World...

Entertainment

Hasan Raheem and AP Dhillon the most listened to artists on Spotify in Pakistan

Spotify unveiled some intuitions into music trends in Pakistan, depicting a glimpse into the artists, songs, and genres that Pakistani users inclined...

594

Punjab upgrades all 44 nursing schools to colleges and started BS nursing programme

The Punjab government has announced to upgrade almost 44 nursing schools to nursing colleges along with the initiation of a BS nursing...

891

Balochistan govt to plant 10 million trees during 2022

The Balochistan government has taken the initiative to plant 10 million trees across the province in the current year with the intention...

887

New York

Pakistani-American Ahsan Chugtai nominated as senior advisor to NYC Mayor

It is for the first time in the history of the US that a Pakistani-American politician has been selected as a senior...

884

Incentives package unveiled to attract investment in export industries

Prime Minister Imran Khan has stressed the significance of industrialization for the country after he announced an incentives package to attract investment...

938

Third amnesty scheme approved to whiten black money at 5% tax rate

The government has decided to announce third amnesty scheme – the Promotion Package for Industry – by offering to whiten the black...

852

health insurance

Rs 400 billion allocated for provision of Sehat Cards to 30 million families in Punjab

Government has allocated 400 billion rupees for provision of Sehat Cards whereby the free treatment up to one million rupees are being...

Hot

Nokia launches smart city pilot project on Lahore’s MM Alam Road

Nokia begins pilot smart city project on MM Alam Road of Lahore and would install sensors for management of street lights, waste...

3.0K

FBR

Rs 3.79 trillion revenue collected in eight months against target of Rs 3.53 trillion

The Federal Board of Revenue (FBR) has collected Rs 3.79 trillion in the first eight months of the current fiscal year (8MFY22)....

Punjab to have Pakistan’s first state-run free test tube baby center

Punjab province will provide free in-vitro fertilization (IVF) or test tube baby facility to the people facing fertility problems, at a public...

cotton

Over 7.4 million cotton bales reach ginning factories across Pakistan

Over 7.4 million cotton bales have reached ginning factories across the country till March 1,2022 registering increase of 32 percent as compared...

Hot

World’s first high altitude nature corridor spreading from K-P to AJK to be built

With the intention to boost eco-tourism in the country, the Ministry for Climate Change has developed a plan to build the world’s...

2.6K

Pakistan sets economic growth target of around 4.8% for the year

Despite a number of adverse geopolitical conditions and the rising trend of prices at the global level, National Economic Council (NEC) has...

PIA planning two weekly flights between Karachi, Lahore and Sydney

Pakistan International Airlines (PIA), the national carrier was planning to start direct flights to Sydney, Australia, Aviation Minister Ghulam Sarwar Khan has...

Agreement signed to bring back 3,000 stranded Pakistanis in Turkey

With the purpose of repatriation of 3000 Pakistanis stranded in Turkey, a memorandum of understanding (MoU) has been signed between the Pakistan...

633

digital transaction

79.1 million digital transactions amounting to Rs 2.2 trillion conducted in 1QFY22

The number of transactions conducted via mobile banking channels grew 29 percent by volume and 36 percent by value at 79.1 million...

798

Foreign investors earn $1 billion profit on their investments in Pakistan in 7 months

Foreign investors have successfully earned over $1 billion as profits and dividends on their investments in Pakistan during the first seven months....

1.6K

internet

Pakistan to get 100Tbps internet speed through new Submarine Cable SEA-ME-WE 6

Pakistan’s Trans World Associates has announced that it is becoming a major part of a consortium that will operate and manage SEA-ME-WE...

Electricity

Pakistan plans 40,000 MW nuclear energy by 2050 to meet electricity demands

Pakistan is progressing to adapt to zero-emission clean energy with a strategic nuclear power generation capacity of 40,000 megawatts (MW) by 2050....

employment

5,500 youth from ex-Fata merged areas will be given new jobs

The Khyber Pakhtunkhwa government has taken the initiative of the Accelerated Skills Development Programme for merged regions at an expense of Rs...

Nadra

NADRA to build another Mega Center in Peshawar

The National Database and Registration Authority (NADRA) is looking forward to building a new mega center in Peshawar so as to facilitate...

Food

Abey Khao: Pakistan’s first food truck owned and managed by all deaf people

The ‘Abey Khao’, which interprets to “Eat Guys” food truck is Pakistan’s first portable restaurant manned entirely by deaf staff, giving an...

899

100 new solar power plants worth 200 MW to be installed at WASA tube wells

The Punjab government is going to launch a Rs 39 billion new solar power plant project for the Water and Sanitation Agency...

E-Commerce

Pakistan targets to grow e-commerce market to $9.1 billion by 2025

Pakistan’s e-commerce market would be boosted up to $9.1 billion by 2025, Special Assistant to Prime Minister on E-Commerce, Senator Aon Abbas...

Current Account deficit

Pakistan heading towards record $20 billion deficit in current fiscal

The current account deficit (CAD) of Pakistan has hit $2,556 million for the month of January 2022 compared to deficit of $219...

Fighter Plane

Fifth-generation stealth fighter jet TF-X becomes Turkish-Pakistani project

Pakistan and Turkey are collaborating on the development of a fifth-generation stealth fighter jet named the Turkish Fighter Experimental (TF-X) . This major...

Pak, Hungarian investors form AquaHatch to develop freshwater ecosystem in Pakistan

Talking at the foundation of AquaHatch International Private Limited, a Pak-Hungarian joint venture (JV), the BoI chief stated relations among the two...

Highways

National Highway Authority approves Rs 53.5 billion annual maintenance plan

The National Highway Authority (NHA) Executive Board has approved annual maintenance plan (AMP) 2021-22, with a cost of Rs. 53.558 billion along...

844

China-centric economic strategy finalised to have average growth of 5.9% by 2025

Pakistan’s economic growth has been badly undermined due to the lack of proper planning, inconsistent policies, and the increasing role of international...

781

Govt approves 15% allowance for grade 1 to 19 employees

The federal government has issued an Office Memorandum (OM) for providing a 15 percent Disparity Reduction Allowance for government employees from grade...

757

PTI government borrowed $12 billion foreign loans in seven months

As per the report, issued by the Ministry of Economic Affairs (MEA) about foreign loans, the government has borrowed loans, worth $12.022...

768

Featured

NayaPay secures $13 million funding round to expand Pakistan’s digital payments

A Pakistan-based fintech platform, NayaPay, has raised $13 million in one of the biggest seed rounds in South Asia. Bringing together a...

787

Fisheries

Seafood exports increase by 5.08% to $231.6 million in seven months

As per the Pakistan Bureau of Statistics (PBS), during July-January (2021-22), the seafood exports were noted at $231.584 million as compared to...

Digitalization

3,800 utility stores and 120 warehouses finally undergo digital transformation

The Utility Store Corporation (USC) has linked its 3,800 stores and over 120 warehouses with the computerized digital central database system. USC...

687

SBP to provide unlimited loans for agri warehouse projects at 6% markup

The State Bank of Pakistan (SBP) is all set to provide unlimited loans for agri warehouse infrastructure schemes in rural areas, central...

834

Food

Food import bill surges by over 21% to $5.63 billion in seven months

The country’s import bill of food items went high by 21.32 percent to $5.63 billion during the first seven months of this...

784

Tech Startup Fund set up to provide Rs 1 billion in seed funding to 50 startups annually

Prime Minister Imran Khan has announced setting up a ‘Pakistan Technology Startup Fund’ to provide Rs 1 billion in seed funding to...

732

Imposition of 17% sales tax on seeds damaging hybridisation in country

A 17 percent sales tax imposed on seeds will adversely influence the process of hybridization in the country, said an official on...

Entertainment

Laraib Atta nominated for Oscars, BAFTA for her work on No Time to Die film

Laraib Atta, who is a visual artist and the daughter of renowned musician Attaullah Esakhelvi, is celebrating her team’s Oscar and BAFTA...

807

School Khana programme launched to feed 25,000 students in 100 Islamabad schools

The government has launched an initiative named the School Khana Programme with the aim to give free lunch meals to students of government schools in Islamabad, trying...

897

Cement

Construction cost goes up amid cement, steel price hike

The prices of cement and steel have shown a hike in the local market amid a rise in international commodity prices. According...

824

Climate Change

750,000 boy scouts will join the drive to plant 540 million trees in spring

Around 750,000 scouts of Pakistan Boy Scouts Association will join the drive to achieve the target of planting 540 million trees this...

757

Khyber Pakhtunkhwa

Rs 12 billion SMEs refinancing initiative launched by Bank of Khyber

On Thursday, the government of Khyber Pakhtunkhwa and the Bank of Khyber signed a Memorandum of Understanding (MoU) to launch a refinancing...

827

State Bank increases indicative credit limits for agriculture financing

State Bank of Pakistan (SBP) has enhanced the indicative credit limits for agriculture financing by banks to farmers. According to the sources...

819

PPL makes hydrocarbon discovery from an exploratory well Mohar-1 in Sindh

Pakistan Petroleum Limited has disclosed that it made a hydrocarbon discovery from exploratory well, Mohar-1, in the Latif Block (the “Block”) in...

814

Pakistan eyeing $50 billion IT exports in next few years

Pakistan’s IT exports will reach $50 billion in the next few years due to the effective polices of current government, said PM...

686

Japan to provide Rs 33 million for development projects in Pakistan

The government of Japan has taken the decision to give grant assistance up to $189,204 to three NGO development projects in Pakistan....

954

Dam

KP govt begins work on seven small irrigation dams in tribal districts

Khyber Pakhtunkhwa irrigation department has started construction work on seven small irrigation dams and water reservoirs, which is estimated to be completed...

614

Coronavirus

WHO to help Pakistan produce mRNA vaccines

Pakistan is among five countries that will receive support from the global messenger RNA technology transfer hub in South Africa to produce...

Pakistan exported 2.18 million tonnes of rice valuing $1.29 billion in seven months

Rice exports from the country have been increased by 11.16 percent to 2.179 million tonnes in the first seven months of the...

1.6K

Lahore

UAE’s Dhabi Group to invest Rs 60 billion in construction of tallest building of Lahore

The Dhabi Group of the UAE has signed an agreement with Punjab Government to build Lahore’s tallest building at River Ravi bank,...

3.1K

Pakistan approves textile policy that envisages cheaper energy rates till 2025

Pakistan approved Textiles and Apparel Policy, 2020-25, with the objective of ensuring sustainability of textile sector exports. The government said its Strategic...

846

Punjab sets wheat procurement target at 3.5 million tonnes

Punjab is going to procure at least 3.5 million tonnes of wheat this season as provincial authorities have approved the procurement target....

914

Islamabad police

Islamabad police make history by launching WhatsApp contact number

Islamabad Capital Territory Police (ICTP) has issued their WhatsApp contact number with the aim to offer easy access to all of their...

771

Construction

Satellite-based monitoring to track sluggish development projects

The federal government is going to keep a physical check on the progress of development projects through satellite-grounded monitoring. The meeting of...

754

Freelance

Salaries of Pakistanis hired by foreign employers are among world’s fastest rising

Salaries of Pakistanis hired for jobs in marketing, sales, and product by foreign employers are among the world’s fastest rising, according to...

807

census

Pakistan announces first-ever digitised census from August

Minister for Planning, Development and Special Initiatives Asad Umar revealed the government’s work plan for the seventh digital population and housing census,...

593

Mehran University students invent portable microscope to detect germs in water

The students of Mehran University of Engineering and Technology (MUET) have led to the invention of the portable microscope to detect the...

2.3K

Complaint

Scholarships complaints portal launched to ensure transparency, merit

Prime Minister Imran Khan has initiated a portal for student facilitation in registering their complaints about scholarships, and to safeguard meritocracy and fairness in...

Dubai

93 Pakistani companies participate in Gulfood trade fair

A total of 93 Pakistani companies will be a part of this year’s edition of Gulfood in Dubai, Pakistan’s Consulate General in...

Peshawar BRT receives Gold Standard Service award

Pakistan’s great achievement, the Peshawar Bus Rapid Transit (BRT) has been bestowed with the ‘Gold Standard’ award from the BRT standard technical...

Farmer

SBP launches Electronic Warehouse Receipt Financing for maize crop

The Electronic Warehouse Receipt Financing (EWRF) is going to be launch at a roadshow for maize crop in Kasur’s Chunian tehsil on...

802

Top US firm Nuveen names Saira Malik as Global Chief Investment Officer

Saira Malik, an American national of Pakistan basis, has been hired as chief investment officer (CIO) of Nuveen, a leading international asset management...

731

Import

ECC okays Rs 12.3 billion subsidy for import of 100,000 tonnes of urea

The Economic Coordination Committee (ECC) of the Cabinet has has approved Rs 12.345 billion for import of urea on equal cost sharing...

Solar cell technology developed by Pakistani scientist sets two world records

A Pakistani scientist along with his team has developed an auspicious solar cell technology leading to two new world records of competence...

Lahore

University of York study finds Ravi the most polluted river in world

Initially, it was the air but now the river flowing through Punjab’s capital, Ravi, has been found to be the world’s most...

947

Pakistan textile exports touch $11 billion mark in July-January

Textile exports showed an increase of 25% in the first seven months of the fiscal year 2021-22, as per the data issued...

725

customs

FBR suffers revenue loss of Rs 45 million due to negligence

The Federal Board of Revenue (FBR) has lost millions of rupees in expired bank guarantees due to the negligence of customs officials....

Elevated expressway from Gulberg to Motorway-M2 okayed

The Punjab government has approved the construction of elevated corridor expressway from Main Boulevard Gulberg to Motorway-M2. The 76th meeting of Punjab’s Cabinet...

1.7K

internet

Pakistan kicks off auction process of 5G spectrum

Pakistan has kicked off the auction process of the 5G spectrum on the recommendation of the advisory committee formed by the government. According to...

Cattle Market

Lahore to host Horse and Cattle Show next month

The Punjab government made an announcement on Tuesday that it was looking forward to planning and organizing traditional horse and cattle show...

843

Coronavirus

Pollution causing more deaths than COVID

Pollution caused by states and companies is the most fundamental reason for more deaths worldwide than Covid-19, a UN environmental report said,...

CPEC

Pakistan identified 64,000 hectares of area for tea cultivation along CPEC route

As Tea is a part of Pakistani culture and the best source of hospitality for the guests, the Pakistan government has decided...

989

5,873 seats in medical, dental colleges remain vacant this year

Almost 28 percent or 5,873 seats in the public sector and private medical and dental colleges remained vacant this year, for the...

Banana production increases in Pakistan

An increase in banana production has been observed in Pakistan in the past few years after the fruitful trials of tissue culture...

982

industrialization

Large-scale manufacturing speeds up 16.7% in December

The large-scale manufacturing (LSM) of the country, for instance, the production of textiles, automobiles, and medicines have been increased by 16.7 percent...

World’s fastest speed boat arrives in Pakistan to boost tourism

A foreign Pakistanis investment team developed the world’s biggest and fastest speed boat to encourage adventure tourism in Pakistan. Last week, the...

PIA plans to launch two weekly flights to Australia

Pakistan International Airlines (PIA) has publicized its plans to launch two weekly flights to Australia, reducing travel time to and from the...

837

Freelance

Pakistan to officially register freelancers to end money laundering

The government to officially register freelancers due to money laundering fears, the Senate Committee on Information and Telecommunication was informed. A meeting...

894

Judiciary

Govt to establish separate judicial system for overseas Pakistanis

Federal Minister for Information and Broadcasting Fawad Chaudhry has made the announcement that the government decided to establish a separate judicial system...

746

Remittances exceed $2 billion for 20th consecutive month

The overseas Pakistanis have sent the remittances that fell by 5 percent year-on-year to $2.144 billion in January as stated by the...

891

Pakistan’s export of rice to China crossed $400 million in 2021

Pakistan among the largest rice suppliers to China after rice exports crossed $400 million in 2021, up 133 percent year on year....

951

Imran Khan

PM Imran pays surprise visit to low-cost apartment project in G-13 Islamabad

Prime Minister Imran Khan expressed his annoyance over the Federal Government Employees Housing Authority (FGEHA) due to the slow pace of work...

Dam

Construction of 10 dams to double country’s water storage capacity

The 10 dams being constructed by the government will double the country’s storage capacity to irrigate more land and help reduce the...

757

Tourists from France and Austria have declared Swat historically rich

Tourists belonging to France and Austria came to visit Swat on Monday. The overseas tourists called Pakistan the safest and the most...

858

Chicken

KP govt to reopen 1,800 closed poultry farms

The Livestock Department Khyber Pakhtunkhwa has taken the decision for the reopening and rehabilitation of 1800 poultry farms, which were closed because...

790

ADB marks Pakistan among the least open economies in the world

Pakistan shows one of the smallest trade-to-GDP ratios in the world presenting at only 30 percent. But, it is not all doom...

Punjab potato production set to rise by 35.9% to 8.5 million tonnes

Punjab alone will be looking at a staggering 8.5 million tonnes of potato after the acreage in Punjab increased from 545,000 acres...

922

gas shortage

Gas sector circular debt doubles to Rs 650 billion in three years

Circular debt for gas sector has almost doubled in last three years from FY2018 to period ended on June 30, 2021 to...

1.9K

Karachi

136 km Karachi-Hyderabad M9 Motorway to be upgraded to 8 lanes

To meet the increasing traffic congestion, the federal government took the decision to upgrade the Karachi-Hyderabad Motorway from the existing six lanes...

This is how much the State Bank Governor gets paid every month

Like the other top bureaucrats, the Governor of the State Bank of Pakistan (SBP) is also on a substantial salary as he...

688

Bank advances, deposits and investments jump 17% to Rs 19.9 trillion

The bank advances, deposits and investments raised by 17 percent to Rs 19.9 trillion in the past 12 months from January 2021,...

MCB Pakistan posts highest ever Rs 51.989 billion profit before tax for 2021

MCB bank has announced Rs 51.989 billion in profit before tax for the year ended December 31, 2021 with final cash dividend...

795

Morgan Stanley to include Pakistan in Frontier Markets 100 Index in May

Morgan Stanley Capital International (MSCI) has made the announcement that Pakistan will be eligible for addition to MSCI Frontier Markets (FM) 100...

731

housing finance

Govt lowers markup for housing subsidy scheme

To give the housing sector another chance to emerge the government is going to revise downward the markup rates for housing subsidy...

Development

Punjab PDWP approves six schemes worth Rs 35.17 billion

Punjab Provincial Development Working Party (PDWP) Tuesday approved six development schemes of various sectors with an estimated cost of Rs 35.17 billion. The 62nd meeting...

689

UAE delegation explores investment opportunities in Punjab’s IT sector

A United Arab Emirates (UAE) based group of businesses showed concern in investment in Punjab’s E-governance solutions and digital renovation projects. Additional...

832

World Bank disburses $3.4 billion for 23 projects

Out of 54 projects, 23 projects worth $7.8 billion are being implemented by the Federal Government against which $3.4 billion has been...

656

engro

Engro Polymer quarterly profit jumps 29 percent

Engro Polymer and Chemical Limited (EPCL) showed a clear profit of Rs 4.7 billion for the Oct-Dec quarter, up 29 percent from a...

973

Roshan Digital Account inflows reach $3.382 billion in 17 months

On a year-on-year basis, there has been an increase in monthly Roshan Digital Account inflows of 38 percent reaching $3.382 billion by...

970

China plans $10-$15 billion investment and create industrial units at Gwadar Free Zone

Pakistan has received promises from China for attaining investments of $10-$15 billion for a number of sectors, as well as for creating...

801

governance

CCP, PICG sign MoU for strengthening corporate governance, compliance

The Competition Commission of Pakistan (CCP) and the Pakistan Institute of Corporate Governance (PICG) signed a Memorandum of Understanding (MoU) pertaining to...

687

IMF

Pakistan to negotiate with IMF regarding personal income tax

The government would hold tough negotiations with the IMF for withdrawal of Personal Income Tax exemptions and bringing changes in its existing...

697

Ministry, Malala Fund to work for the promotion of STEAM education in girls’ schools

The Ministry of Federal Education and Professional Training and Malala Fund signed a contract for the progress of STEAM education in girls’...

885

Korea to further increase the quota for Pakistani immigrants

The quota for Pakistani immigrants increased over the years, a 16% rise from 2021 to 2022 only, and the Republic of Korea...

509

Business

50pc drop in Kinnow export feared

Greater shipping charges, absence of refrigerated containers, and substandard quality of the crop are trouncing the Kinnow export this season. According to...

686

fertilizer

Govt initiates work on new fertilizer policy

The government is in progress to work on a framework for a fresh fertilizer policy intended at solving issues associated with a...

3.4K

Karachi

Water sports project at Karachi’s Hawkesbay inaugurated

City Administrator Murtaza Wahab has inaugurated the Arabian Sea Water Sports Project at a ceremony that took place at Hawkesbay. Addressing the...

PIA to induct four aircraft into its fleet

The Pakistan International Airlines (PIA) decided to initiate four fuel-efficient aircraft into its convoy, also the national airline will rent the planes...

753

National Coordination Committee on Tourism

SBP launches initiative to boost remittances

The State Bank of Pakistan (SBP) has unveiled an incentive scheme for the exchange companies (ECs) in order to boost the flow...

983

AJK to establish authority to tap tourism potential: minister

Azad Jammu and Kashmir (AJK) will shortly set up an authority for the exploitation of its rich tourism potential to uplift the...

905

Report on unemployment released

Pakistan Institute of Development Economics (PIDE) issued its recent report on unemployment in the country that revealed over 31 percent of the...

714

Govt borrowing from banks falls 66pc in seven months

The government’s borrowing from scheduled banks shrank 66 percent year-on-year to Rs292.7 billion during the first seven months (July to January) of...

Housing Scheme

20,898 low cost housing units completed in Pakistan since 2018

Since 2018, a total of 161,924 low cost housing units were approved, out of which 45,191 units are under construction and 20,898...

Pakistan to export goods to Central Asian Republics via Afghanistan in rupees

The federal government permitted the export of particular commodities to Central Asian Republics (CARs) through Afghanistan against the Pakistani rupees. As per...

1.7K

CDA

CDA to build mega Gandhara Triangle Project opposite Sector B-17

The Capital Development Authority has decided to launch Gandhara Triangle Project along with the G.T Road with the focus to earn revenue. In this...

1.9K

Climate Change

Khyber Pakhtunkhwa allocates Rs 239 million to fix environmental problems

The Khyber Pakhtunkhwa government allotted Rs 239 million to resolve environmental problems in the province, containing Rs 70 million for the acquisition...

Cadet college to be set up in Ziarat, says CM Bizenjo

A cadet college and the municipal corporation will be established in Ziarat along with the conduction of an almanac festival in the...

859

Haripur

Japan restoring British-era Gravity Flow Water Supply Scheme in Haripur City

Japan International Cooperation Agency is assisting Pakistan in restoring Gravity Flow Water Supply Scheme in Haripur City to improve depletion of underground...

869

Inflation

Pakistanis are forced to pay high prices for products now carrying lesser weight

A huge price upsurge in milk-based products and black tea has been seen in just two months ahead of Ramazan, whereas customers...

968

PM Imran announces 15% pay raise for FC, Rangers

Prime Minister Imran Khan on Tuesday has announced a 15 percent rise in the salaries of Frontier Corps (FC) and Rangers personnel. The...

cargo

New dedicated double-track freight corridor to be built from Karachi Port

The government has decided to make a dedicated double-track corridor from Karachi Port to a new rail-to-logistics terminal in Pipri Marshalling Yard...

LUMS Vice Chancellor Arshad Ahmad named International Educator of the Year

LUMS Vice-Chancellor, Dr. Arshad Ahmad, has been named the AIB International Educator of the Year for 2022 by the Academy of International...

821

Pakistan’s efforts to strengthen economic resilience appreciated by IMF

The International Monetary Fund (IMF) has lauded Pakistan’s recent policy measures aimed at strengthening economic resilience. IMF said in a statement that its Executive...

822

Loan

Bank lending to private sector surges 235% to Rs 786 billion

Bank loans to the private sector have surged 235 percent in almost the first seven months of the current fiscal year. As...

494

Accord signed with China for industrial cooperation under CPEC Phase II

With the visit of Prime Minister Imran Khan in Beijing the previous day, Pakistan and China on Friday pen down the Framework...

3.7K

Peshawar BRT wins international 2022 Sustainable Transport Award

Bus Rapid Transit (BRT) Project Peshawar has been recognized as ‘Honorable Mention’ for Sustainable Transport Award 2022 on 10th February 2022 in...

2.0K

digital transaction

SBP launches instant and free P2P fund transfers under Raast

The State Bank of Pakistan (SBP) on Thursday ordered banks to present free person-to-person (P2P) fund transferals under Raast, a digital payment...

CPEC

ADB pitches ‘Economic Corridor’ model to fully capitalise on CPEC

Pakistan is strong enough to become the nucleus of economic activity for Central, South, and West Asian countries in case it follows...

Cement

Less construction, transportation activities dip cement sales 16.6% in January

A continued decline in cement supply is seen in January having a 16.58 percent decrease is sales mostly owing to the cost...

817

Chinese firms bring advanced technologies to Pakistan’s power sector

The gigantic energy developments implemented by Chinese firms not only ended power outages in Pakistan but also introduced innovative technologies in the...

Trade deficit shrinks 30% to $3.36 billion in January

Mizzamil Aslam, the spokesman of the Ministry of Finance while addressing a press conference on Wednesday said that Pakistan’s trade deficit shrank...

Dubai Expo

Five Pakistanis featured in World Poetry Tree, a global poetry anthology

For the very first time, an album of the poetry of more than 400 foremost poets from all over the world was...

582

Pakistan vows to strengthen bilateral ties with Turkey

During the official visit to Pakistan Senior diplomat of Turkey Sedat Önal met with Foreign Minister Shah Mahmood Qureshi on Tuesday and...

699

PM’s China trip to draw investment in the power sector

The visit of Prime Minister Imran Khan to China is expected to improve investment in the power sector, recuperate Pakistan Steel Mills...

575

Pakistan raised $1 billion through international sukuk issue

The proceeds of $1 billion have been raised through the international Sukuk issue, the first under the newly established Trust Certificate Issuance...

770

Textile exports expected to cross $20 billion this year

Pakistan’s textile sector’s exports are set to swell to a record high and will gain an edge over South Asia, said Abdul...

Pakistan to build 17 Intelligence Bureau offices along CPEC route

For the enhancement of the security of the China Pakistan Economic Corridor (CPEC), Pakistan will pursue Chinese funding to construct the 17...

Mian Mansha

British Asian Trust appoints industrialist Mian Mansha as Chair of Advisory Council

The British Asian Trust has hired the leading Pakistani industrialist Mian Mohammad Mansha as chairperson of their Advisory Council in Pakistan. The...

964

Currency

Automated Currency Declaration System to be deployed at all international airports

The ‘Automated Currency Declaration System’ has been launched on Tuesday by the Federal Board of Revenue (FBR) in collaboration with NADRA and...

1.8K

Foreign inflows in equities, bonds and treasury bills outpaced outflows in January

During the month of January, foreign inflows in equities, Market Treasury Bills, and Pakistan Investment Bonds increased, crossing the outflows. According to...

Japan

Japanese man mistook Karachi’s Orangi Town as a tourist spot

After Chinese, a Japanese resident on Monday arrived at Karachi’s Orangi Town assuming it as a tourist spot, when he was exploring...

878

NGO

SHC sets aside ECC’s policy on NGOs receiving foreign funding

The Sindh High Court stated that a policy reported in 2013 for the regulation of the non-governmental organizations (NGOs) getting overseas funding...

628

Startup

In Pakistan, startups are bringing agriculture into the digital age

Pakistan’s agriculture sector revolutionizing as the startups are bringing Pakistan’s farmers into the digital age by helping them to plan crops healthier...

962

Karachi

Rs 126 billion Greater Karachi Bulk Water Supply Scheme approved

Ecnec has approved four development projects, an estimated cost of Rs 448.36 billion including Rs 126.404 billion Greater Karachi Bulk Water Supply...

DRAP

Why Paracetamol tablets are disappearing from pharmacies

Paracetamol is inaccessible in numerous pharmacies in Pakistan and is being retailed in the black market and the Drug Regulatory Authority of Pakistan...

995

Business

‘Business friendly environment top priority of Punjab’

Guaranteeing a business-friendly environment is the topmost priority of the Punjab government and the business community will not experience any problem in...

888

Trial run of 600MW Lucky Power Plant and 300MW Thar Energy begins

The test run of two 900MW power plants, Lucky and Thar Energy Ltd has paved the way for the launch of their...

992

China to develop communications satellites for Pakistan and construct Pakistan Space Centre

China has proclaimed strategies to lift space cooperation with Pakistan, along with the improvement of a space centre and the introduction of...

Indus River

Three Indus river dolphins get satellite tags in a pioneering study

The groundbreaking study reveals that the World Wide Fund for Nature-Pakistan (WWF-P) in association with the Sindh wildlife department securely sited satellite...

994

Automotive

Government allocates Rs 1.5 billion to introduce electric vehicles in Pakistan

The Climate Change Ministry has assigned Rs 1.5 billion for missions under the Green Stimulus ingenuity, which is intended at presenting electric...

914

Repurposing agricultural policies to bring multiple benefits

The repurposing current agricultural public policies could deliver multiple benefits for people, the planet and the economy, said World Bank. Martien van...

855

Harassment

Bill to protect women against harassment at the workplace becomes law

After the Parliament of Pakistan informed the Protection Against Harassment of Women at the Workplace (Amendment) Act, 2022, and formally sanctioned it...

Two underpasses in Pakistan named after two mega cities of China

Depicting the immortal friendship between China and Pakistan, from many flyovers and underpasses laid down in the length and breadth of Pakistan,...

Islamabad

Islamabad to get its first modern mass transit system soon

The Federal Commission took the decision to initiate a mass transit system for the federal capital Islamabad depending on the national census...

996

Pakistan joins hands with Turkey to develop space and satellite projects

Pakistan has joined hands with Turkey in order to develop space and satellite projects, Turkish defense giant TAI is looking for new...

742

Govt taking steps to make small airports operational

The incumbent government is taking measures to make small airports of Pakistan operational, said Minister of State for Parliamentary Affairs. On Friday,...

706

Healthcare

Naya Pakistan Qaumi Sehat Card Program to bring revolution in health sector: PM

The Naya Pakistan Qaumi Sehat Card scheme has been launched in order to provide health insurance to families across Punjab, Islamabad, Azad...

739

Rescue 1122 services extended to 79 tehsils of Punjab

On Tuesday, Chief Minister of Punjab Usman Buzdar launched the Rescue 1122 service for 79 tehsils of the province. In a ceremony...

810