ISLAMABAD – The Federal Ministry of Industries and Production, in partnership with provincial governments, has approved a discounted price of Rs130 per kilogram for sugar. A conference was organized between provincial governments and sugar mill owners to determine the subsidized sugar price. According to a declaration made following the conference,Read More →
Senator Palwasha Khan headed the Senate Standing Committee on Information Technology, which met to investigate the licensing of satellite internet services, specifically Starlink’s activities in Pakistan. During the meeting, Chairman PTA informed that Starlink applied for registration on February 24, 2022, and the subject was forwarded to the Ministry ofRead More →
GWADAR: The New Gwadar International Airport formally opened on Monday, with the successful landing of its first commercial flight. PIA aircraft PK-503, which left Karachi at 9:50 AM with 46 people on board, landed at the new airport around 11:15 AM local time. The arrival of the flight signified theRead More →
33,522 tax-related matters totaling Rs. 4.7 trillion remain pending in courts and tribunals across the nation.This was disclosed at a review meeting convened by Prime Minister Shahbaz Sharif in Islamabad today. The Prime Minister instructed that these instances be resolved as soon as possible. He authorized the Federal Board ofRead More →
The State Bank of Pakistan’s (SBP) foreign exchange reserves increased marginally on a weekly basis, according to central bank statistics released on Thursday.According to the most recent SBP statistics, the SBP’s foreign currency reserves were $11.725 billion on January 10, an increase of $30 million from $11.695 billion on JanuaryRead More →
The Pakistan Telecommunication Authority (PTA) revealed in a heated Senate Standing Committee on Information Technology session that internet shutdowns across the country are carried out on government orders, raising serious issues about the legality and justification for such interruptions. According to media sources, PTA Chairman Retired Major General Hafeezur RehmanRead More →
The Pakistan Stock Exchange (PSX) had a mid-session bounce on Friday, with the benchmark KSE-100 Index rebounding by more than 200 points after early selling pressure. The index began lower, reaching an intra-day low of 115,580.01, but buying action in the second half pushed it to 117,586.98 points at theRead More →
Mobilink Bank’s parent company, VEON Group, has invested $15 million in new capital to support the bank’s strategic initiatives, which include expanding financing for micro, small, and medium-sized enterprises (MSMEs), exploring Islamic banking services, and accelerating the bank’s transition to a digital-first model. Mobilink Bank said in a statement thatRead More →
Senator Saifullah Abro, Chairman of the Standing Committee on Economic Affairs, has requested that Power Minister Sardar Awais Leghari examine potential financial violations by the National Transmission and Despatch Company (NTDC) in the 765kV Grid Station project in Islamabad West. According to a news report, the World Bank-financed project hasRead More →
TIRANA (Reuters) – Every evening, Ergus Katiaj posts a video on TikTok reminding clients that his Tirana business supplies potato chips, cigarettes, and booze all night. His phone vibrates with orders that add almost 1,000 euros to his monthly profit. But Katiaj will soon need to find a new strategyRead More →