Rs1,387.86 million released for 17 aviation sector projects in 8 months
The government has so far released funds amounting to Rs1,387.86 million, under the Public Sector Development Programme (PSDP 2021-22) against total allocation of Rs3,558.20 million to advance 17 different projects and schemes to ensure improved services in the aviation sector. Out of the total disbursement of Rs 1,387.86 million, around Rs677.70 million have been spent…
Adil Aziz
Exports to maintain upward trend in March: Finance Ministry
The government measures designed to stimulate exports and discourage unnecessary imports is expected to contribute to constrain current account deficit The exports from the country during the month of March 2022 are expected to continue their upward trend, backed by the export-oriented policies that have been implemented in the recent past, finance ministry said in…
ICCI for creating conducive environment, political stability to avert growing economic risks
The business community on Tuesday urged the need for creating conducive environment and maintaining political stability in the country to develop and promote local economy as well as to avert growing risks. They expressed concerns over the growing risks for the economy and said that according to a report of Ministry of Finance, the escalation…
PandaMart granted fulfillment centre HACCP Certification
Pandamart, the online groceries delivery service under the foodpanda umbrella has been granted HACCP platform / fulfillment centre certification, which covers fresh fruits, vegetables, meat & commodities receiving, processing, packing & dispatching. HACCP (Hazard Analysis Critical Control Point) is a management system in which food safety is addressed through the analysis and control of biological,…
SECP authorizes Burj Modaraba to float first green energy modaraba of PKR1 Billion
The SECP’s Registrar Modaraba, with approval of the Religious Board, authorized floatation of Burj Clean Energy Modaraba (an Islamic Financial Institution) managed by Burj Modaraba Management Company (Private) Limited, under the Modaraba Ordinance, 1980. The floatation of new Modaraba will facilitate the growth of Shariah compliant financial products in the financial services market. After due…
Pakistan Stock Exchange Announces Top 25 Companies Awards Recipients 2020
Pakistan Stock Exchange has announced the recipients of the Top 25 Companies Awards for the year 2020. The key pre-requisites for this prestigious award include Total Shareholder Return (TSR), shares must trade for atleast 50% of the total trading days during the year, and that the company is not in the Defaulters’ Segment of the…
Euronet Pakistan has been chosen as JS Bank’s technology partner for credit card processing
JS Bank, one of Pakistan’s largest banks, and Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT) and an industry leader in processing secure electronic financial transactions, have just struck an agreement to manage and outsource JS Bank’s credit card program. At a ceremony conducted at JS Bank’s head office in Karachi, Atif Salim Malik,…
Gwadar Eastbay to be opened for traffic from May 16
Gwadar Eastbay Expressway, the most important mega connectivity and road infrastructure project of worth $179 million would be open for traffic from May 16. The completion of Eastbay Expressway being constructed under the China Pakistan Economic Corridor (CPEC) would provide primary connectivity of the Port and its Free Zone with the network of National Highways…
Tea imports increase by 11.64 pc in 8 months
The tea imports during July-February (2021-22) were recorded at $423.466 million against the imports of $379.314 million during July-February (2020-21), Pakistan Bureau of Statistics reported The tea imports into the country witnessed an increase of 11.64 Percent during the first eight months of the current fiscal year as compared to the corresponding period of last…
Haider Mustehsan Is All Set To Release a Brand-New Track ‘Safarish’
Phenomenally talented singer Haider Mustehsan is ready to launch his brand-new single, ‘Safarish’ on the 26th of March after his feature on the wildly successful track, ‘Sohna Tu’ which garnered over 24 Million views on YouTube. ‘Safarish’ is described as a conflict between reality and imagined reality. It aims to show that people have a…