Pakistan
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836Population of Pakistan’s rare black deer increases after 53 years
Punjab Wildlife took first successful step to release rare species of black deer into its natural habitat to show constructive results as the population...
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778
Private sector credit off take reached to Rs 911 billion
The increasing trend of oil prices and other commodities at the international level compelled the State Bank of Pakistan to enhance the...
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962
Afghan, Gwadar chambers of commerce explore Gwadar trade activities
To boost up commercial and business activities in Gwadar, Gwadar Chamber of Commerce and Industry (GCCI) explored Gwadar trade activities in a...
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1.0K
Punjab govt to launch $402 million agriculture transformation project
On July 1, the Punjab government will kick off the Punjab Resilient and Inclusive Agriculture Transformation (PRIAT) project. According to official documentation...
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860
Govt implements mechanism for improving fiscal discipline
The government has announced the latest mechanism for annual and multi-annual fiscal commitment controls for all ministries, sectors and concerned departments, and...
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809
IMF proposes to tax wealthy people at uniform rate of 30%
The International Monetary Fund (IMF) has suggested to tax upper middle class and well-off people having revenue in the bandwidth of Rs...
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978
Pakistan’s current account deficit widens to $12.1 billion in eight months
The monthly current account deficit has shrunk to the lowest figures of $0.5 billion in February during the current fiscal year. Prime...
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1.4K
Saudi firm to set up refinery in Gwadar to assess Reko Diq gold, copper quantity
Regarding the recent agreement on the Reko Diq copper and gold mining project with a Canadian company, Balochistan Chief Minister Mir Abdul...
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955
Wheat purchase in Punjab starts in the first week of April
According to the sources of the provincial food department, Punjab is planning to start the procurement of wheat during the first week...
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689
Pakistan’s economy maintains growth momentum in first quarter of FY22
State Bank of Pakistan (SBP) said Pakistan’s economy has maintained growth momentum in first quarter of fiscal year 2021/2022. The present government...
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864
Plant to recycle sacred papers to be established in Islamabad
The Ministry of Religious Affairs approved a project to create a recycling plant in the federal capital to discard old sacred papers...
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866
PPP MPA Heer Soho set to become first-ever woman tribal head in Sindh
Heer Ismail Soho, Pakistan Peoples Party (PPP) member of Sindh Assembly, is going to be the first-ever woman chief of any tribe...
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869
Track & trace system helps FBR collect 33% more tax from sugar industry in ongoing crushing season
During the current crushing season, the Track and Trace System (TTS) was successfully implemented in the sugar sector, marking a major milestone....
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935
Trade with China via Khunjerab Pass resumes after more than two years
China has announced to open the Khunjerab border from April 1, 2022, for trade activities as the land route between Pakistan and...
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1.2K
Repair work on two-lane road from Malir Kala Board to Saudabad Chowrangi started
The Karachi Metropolitan Corporation (KMC) has begun the rehabilitation work of a two-lane road from Malir Kala Board to Saudabad Chowrangi along...
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867
Pakistan exported fish worth $362 million and meat worth $221 million in 8 months
Pakistan exported fish and fish preparations worth $362 million and meat and meat products worth $221 million in 8 months. Around $30...
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1.0K
How to verify FBR Active Taxpayer Status in Pakistan
All people with a source of income in Pakistan are required to register with the Federal Bureau of Revenue (FBR). Someone who...
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1.1K
CDA allotted 282 plots to people affected by land acquisition in sector E-12
On Monday, the Capital Development Authority (CDA) has allotted 120 more plots to people who were affected by land acquisition in sector...
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1.2K
ADB approves $300 million for development of Pakistan’s capital markets
The Asian Development Bank (ADB) approved a loan of $300 million on Tuesday for the improvement of Pakistan’s capital markets, enhancement of...
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916
5-star hotels be constructed in Mansehra’s Ghanool and Swat’s Mankial
Private company signed an agreement with Khyber Pakhtunkhwa government to establish five-star hotels in Mansehra’s Ghanool and Swat’s Mankial to facilitate tourists...
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923
Pakistan Movement Park inaugurated along Islamabad Highway in Sector H-8
The chairman of the Capital Development Authority (CDA), Amer Ali Ahmed, inaugurated the Pakistan Movement Park in Sector H-8 on Thursday, with the aim...
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743
Punjab to elect new CM as Buzdar steps down
The Punjab Chief Minister Sardar Usman Buzdar has given his resignation on Monday when the joint Opposition submitted a no-confidence drive against...
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756
SBP reserves drop $869 million to $14.96 billion on debt repayments
A massive outflow of $869 million week-on-week mainly for debt repayments dragged the foreign exchange reserves of the State Bank of Pakistan...
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724
Demand for vehicles, ACs and refrigerators grows despite mounting inflation
According to the Bureau of Statistics, production and demand for vehicles, air conditioners and refrigerators have increased significantly despite mounting inflation. During...
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936
Rupee hits historic low of Rs 182.34 in inter-bank
The downfall of Pakistani rupee continued its record-breaking trend, when it hit a new all-time low at Rs 182.34 compared to the US...
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872
Steps taken to raise Karachi traffic police to international standards: new chief
The newly posted Karachi traffic police chief is looking forward to bringing the city traffic police up to international standards and said...
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780
Salman Iqbal, Rohail Hyatt, Kishwar Naheed among 45 to receive civil awards
President Dr Arif Alvi on Wednesday conferred civil awards on prominent citizens of Pakistan as well as foreign nationals for showing gallantry...
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987
GDP growth to exceed 5 percent mark in fiscal year 2021-22
Minister for Finance and Revenue Shaukat Tarin expressed confidence on Sunday that the country’s Gross Domestic Product (GDP) growth would surpass the...
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1.1K
First of four PHA’s underground rainwater harvesting tanks inaugurated in Rawalpindi
Provincial Minister for Literacy and Non-Formal Education Raja Rashid Hafeez and Chairman Parks and Horticulture Authority (PHA) Rawalpindi Asif Mehmood inaugurated PHA’s...
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813
Govt decides to cut development budget by Rs 300 billion
In the budget of 2021-22, Rs 900 was allocated for the Public Sector Development Programme (PSDP) but International Monetary Fund asked the...
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1.3K
IsDB gives Pakistan $180 million for 800 MW Mohmand Dam hydropower project
The Pakistani government and the Islamic Development Bank (IsDB) have signed three Framework Agreements totaling $180 million to fund the Mohmand Dam...
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910
Cement prices increase to all-time high of Rs 870 amid rising costs and more demand
Cement prices have shown an immense increase due to escalating coal rates, limited supplies, and other related problems, consequently increasing the cost...
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908
Depression, anxiety on the rise among youth of Karachi
A recent scientific study discovered that levels of anxiety, depression, and stress are increasing mostly among the young population of Karachi. The...
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816
Large scale manufacturing grows 7.6% in seven months
The large-scale manufacturing (LSM) increased 8.2 percent year-on-year in January, the Pakistan Bureau of Statistics (PBS) stated. As per the data, during...
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884
Govt working on policy for conversion of coal to gas and liquid fuels
During the era of decreasing domestic gas production and high-priced fuel imports, a new policy to convert Coal-to-Gas (LTG) and Coal-to-Liquid (CTL)...
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766
Trade between Pakistan and 28 EU member states reached €12.2 billion in 2021
EU and Pakistan bilateral trade has showed an increase by 78 percent to €12.2 billion in 2021 from €6.9 billion in 2013, largely...
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765
Special Economic District at Gwadar Smart Port City to be made tax-free zone under CPEC
The Gwadar Smart Port City Master Plan says the proposed special economic district (SED) is expected to get tax-free status. In accordance...
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866
Pakistan’s exports of textile and clothing reached $12.6 billion so far in FY22
Pakistan’s textile exports has witnessed an increase of 26 percent to hit a record high of $12.6 billion in the first eight...
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758
Rs 250 per 40 kg increase in minimum support price of wheat to Rs 2,200
The government has increased the minimum support price for wheat by 13 percent, setting a public sector procurement target of 6.9 million...
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709
Engro partners with WWF-Pakistan for conservation of Indus River dolphin
WWF-Pakistan and Engro Foundation, the social investment arm of Engro Corporation, will be mutually working together for the conservation and management of...
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889
Smartbenefits launches affordable employee health insurance for SMEs
The first-ever Pakistan-based health insurance startup ‘Smartbenefits’ is facilitating employers by making healthcare benefits accessible and affordable for them. According to the...
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738
Pakistan attracts $1.26 billion in foreign direct investment in eight months
Total foreign direct investment (FDI) into Pakistan rose 6.1% to $1.26 billion during the July–February 2021-22 compared to $1.19 billion in the...
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1.1K
Chinese companies to set up cement factories in Pakistan
Pakistan has invited big Chinese companies to establish cement factories and is planning for zero duty on these products to increase their...
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928
BOP President and CEO, Zafar Masud, awarded Hungary’s highest civil award
President & CEO of The Bank of Punjab, Zafar Masud, was bestowed with the highest civil award of Hungary for leading the...
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826
Punjab utilized Rs 300 billion from Rs 458 billion development funds in eight months
Usman Buzdar, the Chief Minister of Punjab remained under severe criticism by the different political quarters of the country since the time...
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798
Bank advances to private sector more than doubled to Rs 874.3 billion in eight months
Macroeconomic indicators are showing an optimistic picture of the economy of Pakistan as private sector credit off-take is more than doubled in...
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1.3K
38.3 km long Rawalpindi Ring Road project will complete in two years
The construction work of 38.3 km long main carriageway from Baanth (N-5) to Thallian (M-2) under Rawalpindi Ring Road project would be...
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1.1K
50 kg urea bag price increased to Rs 1,934
Fauji Fertilizer Company (FFC), one of the leading fertilizer manufacturing companies has raised the price of its 50 kg urea bag to...
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898
Pakistan to restart gigantic Reko Diq copper-gold project after a decade
Barrick Gold Corporation of Canada and the governments of Pakistan and Balochistan pen down a contract on a framework to help for...
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869
Ecnec approves Rs 201.57 billion for Karachi Circular Railway project
The Executive Committee of the National Economic Council (ECNEC) approved Karachi Circular Railway as an up-to-the-minute urban railway under Public Private Partnership...
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836
IMF asked Pakistan to show how it would fund $1.5 billion subsidy package
The International Money Fund (IMF) had said it needed Pakistan to explain how it would fund a $1.5 billion subsidy package announced...
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1.1K
CDA inaugurates new Hill Park in Sector G-10/4 Islamabad
Capital Development Authority Chairman Amir Ali Ahmed had inaugurated a new park called Hill Park on 3rd Road in Sector G-10/4 Islamabad....
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941
Over 8.2 million overseas Pakistanis registered with Nadra
Over 8.2 million overseas Pakistanis having National Identity Card for Overseas Pakistanis (Nicop) had been registered with National Database and Registration Authority (NADRA),...
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675
PM Imran Khan to launch Rs 581 billion South Punjab development package
Prime Minister Imran Khan will be launching Rs 581 billion South Punjab development package for the upgradation of ruined infrastructure, developing the...
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658
USF launches 7 projects worth Rs 8 billion to provide broadband services to over 2.5 million people
The Universal Service Fund (USF) on Monday initiated seven projects costing over Rs 8 billion to deliver broadband services to unserved and...
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634
Import of duty-free items surge 66% to $23.42 billion in eight months
The increase in the import of duty-free items during the month of February was found to be 42.41 percent to $2.67 billion as compared...
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959
Govt to install e-gate system at airports to facilitate overseas Pakistanis
The government is looking forward to introducing an e-gate system for the facilitation of overseas Pakistanis at the time they arrive in Pakistan,...
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1.3K
CDA to construct 7.8 km long Bhara Kahu Bypass to address traffic problems
The Capital Development Authority (CDA) is looking forward to constructing a 7.8-kilometer long ‘Bhara Kahu Bypass’ in order to cater to the...
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2.1K
Inquiry ordered against airport staff on complaint of overseas Pakistanis
Ejaz Ahmad Qureshi, the Federal Ombudsman, has taken serious note of complaints filed by Overseas Pakistanis, particularly South African Overseas Pakistanis, against...
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1.1K
UAE interested in acquiring 747-MW Guddu Power Plant
The United Arab Emirates (UAE) has expressed its objective to get combined cycle 747-MW Guddu Power Plant (GPP), sources in Privatisation Commission...
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831
Cut-off yield on T-bills increased by up to 130 basis points
The cut-off yields on the Treasury Bills (T-Bills) were found to enhance by up to 130 basis points on Wednesday. It took...
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738
Pakistan fully engaged with IMF for revival of bailout package
The finance ministry has said that Pakistan is fully engaged with the International Monetary Fund (IMF) over a $1 billion loan tranche...
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777
Trade between Canada and Pakistan jump to CAD $1.25 billion
The Canadian High Commission in Pakistan stated that Pakistan’s exports to Canada posted an increase of 24 percent in 2021. The High...
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921
World Bank approves $435 million to finance low-cost housing projects in Pakistan
World Bank (WB) has approved $435 million loans for three housing projects in Pakistan to facilitate low income groups. The three Pakistani...
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971
Steel price raised twice in four days to rise above Rs 208,000
Manufacturers have increased the price of steel bars by up to Rs 8,000 to above Rs 208,000 per tonne in less than...
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819
Japan installs weather surveillance radar in Karachi to cover 450 km radius
An ultra-modern weather surveillance radar has been initiated in Karachi. The radar is funded by Japan, with the ability to cover the country’s southern...
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1.1K
5 Tips to Maintain a Healthy Lifestyle in Pakistan
It is critical to live a healthy life in order to be happy and active. Our lives are so stressful these days,...
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864
Inflows under Roshan Digital Account reach $3.632 billion ending February 2022
State Bank of Pakistan has revealed that the total inflows under Roshan Digital Account (RDA) have touched $3.632 billion at the end...
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923
ECC approves Rs 8.2 billion subsidy for Ramazan relief package
A total of Rs 8.28 billion Ramazan package has been approved by the Economic Coordination Committee (ECC) of the Cabinet under which...
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877
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...
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1.1K
Loss-making Millat Tractors shuts down production operations
Millat Tractors Limited (MTL), Pakistan’s largest agricultural machinery manufacturer, has closed due to a severe funding crisis. According to MTL, the whole...
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890
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...
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957
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...
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1.4K
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...
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1.2K
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...
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752
State Bank leaves policy rate unchanged at 9.75%
The State Bank of Pakistan (SBP) kept the interest rate at 9.75 percent for the next six weeks, in line with market...
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857
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...
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855
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...
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1.1K
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...
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773
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...
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1.1K
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...
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764
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...
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1.0K
India regrets accidental firing of nuclear-capable BrahMos missile that landed in Pakistan
India’s military unintentionally fired a missile into Pakistan, according to the defence ministry in New Delhi, which described the incident as “very...
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699
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...
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814
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...
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899
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...
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776
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...
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1.0K
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...
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1.9K
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...
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991
Here is how e-tagging of street crime suspects will work in Karachi
According to Karachi police, a new bill for e-tagging street offenders has been created, with Additional IG Karachi Ghulam Nabi Memon claiming...
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1.1K
Supreme Court orders authorities to de-seal Islamabad’s Monal restaurant
The Supreme Court has put on hold a judgment by the Islamabad High Court (IHC) ordering authorities to close the Monal Restaurant...
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1.2K
Ehsaas Rashan Riayat Program launched to provide 30% monthly subsidy on daily use items
Prime Minister Imran Khan launched the Ehsaas Riayat Rashan Program in Islamabad, which would provide a thirty percent monthly subsidy to twenty...
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917
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...
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1.1K
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...
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1.2K
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...
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1.8K
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,...
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742
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,...
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862
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...
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736
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...
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903
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...
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956
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...
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983
Jazz and Telenor ordered to pay additional $60 million over delay in license renewal
Due to a delay in paying licence renewal payments, the Pakistan Telecommunication Authority (PTA) has ordered Jazz and Telenor Pakistan to pay...
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1.3K
Former president Rafiq Tarar passes away in Lahore at 92
According to his grandson Ataullah Tarar, former president and Supreme Court judge Muhammad Rafiq Tarar died on Monday in Lahore. He was...
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893
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...
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888
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...
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815
Police identify facilitator of Peshawar imambargah blast
Police has identified facilitator of the suicide bomber of the Peshawar imambargah blast in Kocha Risaldar that killed 63 people and injured...
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885
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...
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941
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...
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855
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...
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1.2K
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...
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3.0K
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)....
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1.4K
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...
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814
Low-income families to get Rs 407 billion interest-free loans under Kamyab Pakistan Program
At a ceremony in Islamabad, Prime Minister Imran Khan announced the beginning of the Kamyab Pakistan Program (KPP), which will provide interest-free...
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1.2K
Federal Shariat Court says 100% Haq Mehr must be returned in khula cases
In a recent judgement, the Federal Shariat Court ordered Muslim women seeking Khula (divorce) from their husbands to return whatever Haq Mehr...
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1.0K
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...
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1.5K
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...
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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...
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921
Gold advances in Pakistani market after Russia invades Ukraine
Concerns about weak economic conditions amid the Ukraine conflict raised gold prices on Monday, prompting a flight from volatile commodities to safer...
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850
First-ever livestock policy to increase halal meat exports
The government has drafted its first-ever policy for the development of livestock industry in the country and it aims to increase halal...
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800
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....
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1.6K
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...
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1.1K
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....
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1.1K
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...
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1.5K
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...
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1.1K
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...
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644
FBR’s robust revenue growth enabled government to subsidize petrol, electricity
Prime Minister Imran Khan on Wednesday said that robust revenue growth of 28.5 percent by the Federal Bureau of Revenue (FBR) had...
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901
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...
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1.1K
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...
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1.0K
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...
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1.1K
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...
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1.3K
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...
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1.2K
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...
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849
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...
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783
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...
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759
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...
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789
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...
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1.1K
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...
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689
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...
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837
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...
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787
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...
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735
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...
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597
Legal mechanism cleared for barter trade with sanctions-hit Iran, Afghanistan
The Economic Coordination Committee (ECC) of the cabinet on Thursday allowed regulatory cover to barter trade arrangements with Afghanistan and Iran. According...
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833
Security forces kill 10 terrorists during an IBO in Balochistan’s Hoshab
The Inter-Services Public Relations (ISPR) announced in a statement that security forces killed ten terrorists during an Intelligence-Based Operation (IBO) in the...
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900
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...
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825
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...
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758
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...
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828
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...
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820
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...
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816
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...
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784
Pakistan to benefit from $1.2 billion financing facility from ITFC
The International Islamic Trade Finance Corporation (ITFC) has approved a $1.2 billion loan under the yearly plan to provide Pakistan with structured trade...
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1.1K
Noor Muqqadam’s parents want early execution of Zahir Jaffer
The father of Noor Muqqadam, Shaukat Muqqadam has rebuffed rumours that the family was reaching a compromise with Zahir Jaffer at any...
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955
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...
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1.1K
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...
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1.6K
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,...
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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...
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847
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....
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918
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...
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772
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...
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761
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...
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808
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,...
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1.0K
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...
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1.1K
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...
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1.4K
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...
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805
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...
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733
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...
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847
Ex-interior minister Rehman Malik laid to rest
The funeral prayers of former interior minister Senator Rehman Malik was offered on Thursday at H-8 graveyard. The funeral was attended by...
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1.1K
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...
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1.1K
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...
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949
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...
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726
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....
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1.2K
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...
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1.7K
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...
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1.5K
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...
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1.1K
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...
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1.2K
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...
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984
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...
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1.1K
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...
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986
Numbeo ranks Pakistan among least expensive countries in world
Numbeo, the world’s largest cost of living database, has ranked Pakistan as the least expensive among the 139 countries of the world....
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840
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...
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899
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...
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748
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...
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896
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....
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1.0K
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...
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760
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...
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860
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...
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792
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...
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1.0K
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...
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926
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...
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1.9K
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...
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1.3K
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...
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690
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,...
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1.3K
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...
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798
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...
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733
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...
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1.0K
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...
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692
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...
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834
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...
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975
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...
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972
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...
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803
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...
