Edible oil, ghee output grew 4.97pc and 16.72pc
The production of edible oil and vegetable in the country during 10 months of the current financial year grew by 4.97 percent and 16.72 percent respectively as compared to the production of the same period last year. During the period from July 2022 to April 2023, about 458,231 metric tons of cooking oil were manufactured…
Adil Aziz
The Muse and the Mood are Mellow on Spotify Pakistan
On this World Music Day, Spotify reveals some easy listening trends observed via user generated playlists While the world celebrates the day that is set aside for honoring music, Spotify reveals that love, romance, and heart are some of the themes that listeners are enjoying the most on Spotify. Pulling away gently at the chords…
SBP issues revised Regulations for Electronic Money Institutions
State Bank of Pakistan has issued revised Regulations for Electronic Money Institutions (EMIs) with the aim to enhance outreach and scope of these innovative fintech-enabled payment companies. The updated regulations now allow EMIs to offer their customers, including minors and freelancers, increased monthly wallet limits, offer new payment services such as Payments Aggregation, Bill/Invoice Aggregation,…
FPCCI & Ishaq Dar agree in principle to remove anomalies
In a high-profile meeting with FPCCI, Mr. Ishaq Dar, federal minister for finance & revenue, has agreed in principle to remove some of the major anomalies in the finance bill to accommodate the grievances, issues and apprehensions of the business, industry and trade community. The meeting was also attended by Mr. Tariq Bajwa, SAPM on…
Exports increase by 22.13% to Rs.8.187 trillion in 11 months
The exports from the country in the rupee term witnessed an increase of 22.13 per cent during the past eleven seven months of the current fiscal year (2022-23) as compared to the corresponding period of last year. Exports during July–May (2022-2023) were recorded at Rs. 6,187,511 million as against Rs.5,066,143 million during the corresponding period…
SECP has proposed significant amendments in AML/CFT Regulations 2020
The Securities and Exchange Commission of Pakistan (SECP) has proposed significant amendments to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations, 2020. These amendments aim to enhance the scope of regulations to effectively combat proliferation financing and strengthen the country’s financial integrity framework. SECP has invited the stakeholders to provide their comments and/…
ECC approve to allow import pharmaceutical raw material
The ECC approved another summary of Ministry of Commerce regarding amendment in relevant clause in the Import Policy Order 2022 to allow government agencies to import pharmaceutical raw material. In addition to approving various summaries, the Economic Coordination Committee (ECC) of the Cabinet, approved Rs1,914.83 million technical supplementary grants for various ministries and divisions. According…
PM leaves for France to attend New Global Financing Pact Summit
Prime Minister Muhammad Shehbaz Sharif left for France to attend the New Global Financing Pact Summit in Paris. The prime minister is paying his official visit to France on the invitation of French President Emmanuel Macron. The Global Financing Pact Summit will be a forum for discussion and consultation on changes in the global financial…
Azerbaijan would help Pakistan to fulfill its energy needs: Musadik Malik
State Minister for Petroleum Musadik Malik assured that Pakistan’s a liquefied natural gas (LNG) purchase agreement framework with Azerbaijan would end gas crises and domestic consumers will not face any gas shortage in the next winter season. Azerbaijan will supply an LNG cargo every month to Pakistan at a “cheaper price,” he said while talking…
Govt unveils Economic Revival Plan to exploit Pakistan’s potential, facilitate investment
The Federal Government, in the wake of economic hardships confronting the country, Tuesday unveiled an elaborated ‘Economic Revival Plan’ with a view to capitalize Pakistan’s untapped potential in key sectors, fast-track the development projects and facilitate investment The Plan was unveiled during a high-level meeting chaired by Prime Minister Shehbaz Sharif and attended by the…