Pakistan Seafood exports increase by 16.22% to $406 Million
The exports of fish and fish preparations increased by 16.22 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year. The country earned $406.090 million from seafood exports during July-April (2022-23) against the exports of US $349.429 million in July-April (2021-22), showing growth of 16.22…
Adil Aziz
Pakistan International Airlines’ jet seized in Malaysia for unpaid dues
A BOEING 777 jet operated by Pakistan International Airlines (PIA) was impounded on May 29 in Kuala Lumpur over unpaid charges to a leasing company, forcing the carrier to send a replacement aircraft to pick up stranded passengers. A Malaysian court ordered the plane to be seized on the lessor’s request, PIA spokesperson Abdullah Hafeez…
Beware of fraudulent financial activities
The Securities and Exchange Commission of Pakistan (SECP), from time to time, issues public warnings to raise awareness among the general public regarding typologies of potentially fraudulent activities perpetrated by companies or entities/individuals posing as legitimate incorporated persons that come to its attention. The objective is to educate public, enabling them to recognize and avoid…
Pakistan can earn $300 Million through PVC exports
Significant investments to expand and improve the efficiency of domestic PVC production have created an opportunity for Pakistan to earn USD 300 million through the export of surplus volumes and products. Currently, Pakistan’s per capita PVC consumption stands at 1.2 kg versus a global average of 6.1 kg. Growth in our per capita consumption will…
Govt slashes petrol prices by Rs8 to Rs.262 per liter
The government announced further reduction of Rs.8 in prices of per liter petrol, bringing down the commodity rates by Rs.20 in a single month. Announcing the new petroleum prices, Federal Minister for Finance and Revenue, Mohammad Ishaq Dar said petrol prices were reduced by Rs.12 on May 15 and was now further reduced by Rs.8….
QistBazaar Expands its Footprint with the Opening of 10th Facilitation Centre in Gulistan-e-Johar
QistBazaar, a leading Buy Now, Pay Later (BNPL) fintech company focused on serving the unbanked population, proudly announces the grand opening of its 10th facilitation centre in the bustling neighborhood of Gulistan-e-Johar. Situated in one of Karachi’s most densely populated middle-class hubs, with an estimated 5 million residents within a 5-mile radius, this strategic expansion…
SECP Chairman unveils commemorative stamp to mark Silver Jubilee of CDC Pakistan
To mark the Silver Jubilee celebrations of Central Depository Company of Pakistan Limited (CDC), Pakistan Post has issued a commemorative postage stamp. SECP Chairman Akif Saeed officiated the event and unveiled the stamp. Akif Saeed lauded CDC’s efforts and perseverance throughout the years and said that “CDC has served as the pride of Pakistan’s capital…
Acute food insecurity to rise in 22 crises-hit countries, including Pakistan: UN agencies
Some 22 countries, including Pakistan, will see an increase in acute food insecurity over the next six months, according to a new early warning report issued by two Rome-based U.N. agencies. The report by the World Food Programme (WFP) and the Food and Agriculture Organization (FAO) calls for urgent attention to save both lives and…
E-banking transactions grow by 4.3% in Q3 FY23: SBP
Overall e-banking transactions increased by both volume and value during the third quarter of fiscal year 2022-23 due to increasing collaboration between banks and fintech companies and the provision of efficient, accessible and user-friendly digital payments platform for customers. The State Bank of Pakistan, in its third quarterly review of Payment Systems released here on…
Policy initiatives in place to promote economic growth: Ishaq Dar
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the government had put in place a variety of far-sighted policy initiatives to bring stability, promote economic growth and ensure ease of doing business. The minister was talking to a delegation of M/s PepsiCo led by its Chief Executive Officer Africa, Middle East…