Advisor to the Prime Minister for Commerce and Investment Abdul Razak Dawood said that in the first 10 months of the current fiscal year (July-April), Pakistan had a net Foreign Direct Investment (FDI) of $2.281 billion compared to $1.006 billion in the corresponding period of FY2018-19 (Jul-April) showing a 126.8 percent raise. “In recent years,...
Facebook has launched its first Authorized Sales Partner (ASP) program in the country in a bid to expand its presence in the Pakistan market. Viral Edge, East River, Starcrest Communications and Httpool have been shortlisted for the program according to reports, with network agencies being purposely left out to prevent abandonment of the site. An...
The price of electricity is anticipated to increase by Rs 1.5 to Rs 2 per unit, which will enforce an additional burden of more than Rs 162 billion on the people. According to the details, the federal government has started preparations to increase the price of electricity while preparing to impose more burden on the...
Notification of working hours of banks financial institutions issued. SBP issues working hours of banks. All banks and financial institutions will be open from Monday to Thursday from 10 am to 4:30 pm, prayers and meals from 1:30 pm to 2 pm. There will be a break on Friday, the working hours of banks and...
During the Coronavirus, Pakistani exporters have started receiving large orders for facemasks from the United States, Europe and Canada, which will have a positive impact on the industrial sector. Abdul Razzaq Dawood, trade adviser to the prime minister, wrote on Twitter that some exporters had received large orders to export facemasks from the United States,...
Special Assistant to Prime Minister on Accountability, Barrister Shahzad Akbar said former Prime Minister Shahid Khaqan Abbasi gave Rs20 billion subsidy to the ‘sugar mafia’ during his tenure. Addressing a press conference in the federal capital, the PM ‘s assistant said that the report of the inquiry commission is an accusation against the former prime...
Government claims remained unsubstantiated, chicken meat started selling up to Rs 350 per kg. Most vendors stopped selling, Poultry Association decided to go to court against government rates. The uncontrolled price of broiler meat has become a dream come true. The provincial minister’s visit to Tollinton Market did not help either. Shopkeepers started selling at...
Abdul Hafeez Sheik, advisor to the Prime Minister on Finance, said the government is planning the ‘Corona Budget’ and pledged to provide maximum relief to the people in the coming year. Speaking to a private news channel, he said the government encourages business community as it plays a significant role in boosting the country’s economic...
Coronavirus has completely changed the world, where it has swallowed human lives, on the other hand has hurt the economy. Lockdown around the world has disrupted business life. Now the world is slowly returning to normal. This lockdown has affected oil prices. Pakistan has also reduced oil prices two to three times. Prices in the...
Gold ‘s prices broke a new series of records, per tola gold price further reduced. According to the details, the rising gold prices have come to a halt, the price of gold per tola is falling further after falling below Rs 1 lakh, gold has become cheaper by Rs 300 in barter markets. Pure 24...
