Food exports up by 20.29% to $4.471 billion in 10 months
Food exports from the country witnessed an increase of 20.29 percent during the ten months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of various food commodities were recorded at $4,471.703 million during July-April (2021-22) as compared to the exports of…
Adil Aziz
NEPRA grants 8,417 net-metering licenses in Fiscal Year 2020-21
National Electric Power Regulatory Authority (NEPRA) granted 8,417 Net-Metering Licences with accumulated capacity of around 146MW during last fiscal year 2020-21. Sources told APP here on Tuesday that the total installed capacity of net-metering consumers had reached around 232MW till June 30, 2021. In the wake of high electricity prices by all power distribution companies…
10,000 Changan Alsvin sold in first year – celebrated with 5-year Warranty
Master Changan Motors Limited is fast becoming the face of automotive disruption in the country. With its motto of “Future Forward, Forever.”, the company is offering best-in-class vehicles and challenging the status quo one segment at a time. Master Changan Motors Limited has announced the successful sales of more than 10,000 Alsvin within the first…
ECC allows import of urea on deferred payment
The Economic Coordination Committee (ECC) of the Cabinet here on Monday allowed Trading Corporation of Pakistan (TCP) to explore possibility for import of 200,000 MT of Urea on government to government (G2G) basis and on deferred payment. The ECC gave the approval during its meeting that was presided over by Federal Minister for Finance and…
The Spotify Charts Experience Is Now Available in Pakistan
Recognizing that fans are the driving force behind the growth of music, Spotify expands the Spotify Charts experience to Pakistan, a distinct offering that is powered by listeners themselves. Serving as a prudent way to highlight how fans are connecting with the music they love; Spotify Charts provides a ranking for where the interest lies….
SECP Launched Stewardship Framework for Institutional Investors
Aiming to promote long-term value creation and “responsible” engagement of institutional investors with the investee companies, the Securities and Exchange Commission of Pakistan (SECP) has issued the Stewardship Guidelines for Institutional Investors. The guidelines are applicable to the Asset Management Companies, Pension Fund Managers, Private Fund Management Companies, Life Insurers and Employees Contributory Funds managed…
Mobilink Microfinance Bank Limited (MMBL) partners with WebDoc to Accelerate e-healthcare Solutions
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has partnered with WebDoc, Pakistan’s leading digital doctors advisory & insurance service. MMBL customers can now enjoy the convenience of accessing health services on their mobile phones, utilizing affordable plans. Ghazanfar Azzam, President & CEO of MMBL, and Asim Zia Alam, CEO WebDoc signed a Partnership…
POL import bill surges 95% to $17 Billion in 10 months
The imports of overall petroleum group witnessed an increase of 95.84 percent during the first ten months of the current fiscal year (2021-22) as compared to the corresponding period of the last year. During the period under review, the total imports of the petroleum group stood at $17.033 billion, as against the imports of $8.697…
CDNS collect Rs 980 Billion fresh bonds by May 15
The Central Directorate of National Savings (CDNS) on Monday realized the target of issuing Rs980 billion fresh bonds in the last 10 months of current fiscal year 2021-22 from July 1st to May 15th. The CDNS had set an annual gross receipt target of Rs 980 billion from July 1 to June 30 of the…
Governor SBP assumes the Charge of Chairman ACU Board in its 50th meeting
Dr. Murtaza Syed, Governor (Acting) State Bank of Pakistan (SBP) assumed the charge of Chairman of the Board of Directors of the Asian Clearing Union (ACU) in the 50th meeting of the ACU Board held in Islamabad on May 13, 2022 in both physical and virtual modes. Established in 1974 with permanent headquarters in Iran,…