RDA Inflows Surge to $8.953 Billion in October 2024
The inflow of remittances under Roshan Digital Account (RDA) has risen to US $8.953 billion by the end of October 2024 as compared to US $8.749 billion by September (2024) end.
Adil Aziz
Textile exports 10.44% growth, exports reach $6.146 Billion in 4 months
Textile exports witnessed an increase of 10.44 percent during the first four months of the current financial year 2024-25, according to the Pakistan Bureau of Statistics.
Terminating PPAs – A panacea to release consumers from IPPs clutches
Switching towards Competitive Trading Bilateral Contracts Market (CTBCM) regime, liberalization and privatization of power sector will have longstanding effects on power tariff, paving way for relief to consumers and contribute to overall economic growth of the country.
PepsiCo, Pakistan Ministry Commit to Improving Food Quality and Halal Investments
Dr. Khalid Maqbool Siddiqui, Federal Minister for Science and Technology, and Mr. Mariusz Michalik, Vice President and Global Head of Regulatory Affairs at PepsiCo, both parties agreed to strengthen collaboration on food quality standards and regulatory practices in Pakistan.
Historic Bitcoin Rally: Prices Soar Above $90,000 Thanks to Trump Mania
Bitcoin broke through the US$90,000 level, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as US president will be a boon for cryptocurrencies.
FBR Introduces Innovative Payment Creation System
FBR is reinforcing its commitment to advancing tax administration and enhancing revenue collection through advanced digital solutions. As part of this progressive approach, FBR has introduced the New Payment Creation System, namely ePayment 2.0, available within the IRIS 2.0 portal, an advanced platform designed to simplify tax payment processes for taxpayers across Pakistan.
Victory for Shell in Climate Case Appeal Against Dutch Court
Shell won its appeal against a landmark climate ruling in the Netherlands, which in 2021 ordered the oil and gas company to sharply reduce greenhouse gas emissions.
Cars’ sale up 46.73% to 30,625 units during Jul-Oct 2024
According to recent data released by the Pakistan Automobile Manufacturing Association (PAMA), car sales have surged by 46.73% during the first four months of the current financial year 2024-25 compared to the same period last year. This significant increase highlights the growing demand and positive momentum within the automobile sector in Pakistan.
Maersk Line to invest $2 Billion in Pakistan’s Maritime Sector
During the meeting, Minister Qaiser Ahmed Shaikh highlighted that Maersk Line has committed to a landmark investment of USD 2 billion in Pakistan’s maritime sector.
Pakistan, AD Ports Ink MoUs for Cooperation in Rail, Airport, and Maritime Sectors
Pakistan and Abu Dhabi Ports Group signed four Memorandums of Understanding (MoUs) to enhance collaboration in multiple fields including rail, airport infrastructure and maritime shipping and logistics.