Massive relief: Govt. reduces petrol price by Rs 40 per liter
The government reduced petrol price by Rs 40 per liter and HSD Rs 15 which would be applicable from October 16, 2023 and remain enforced for the next fortnight.
Adil Aziz
Remitlink23 Conference held for Pakistani expatriates in Dubai
The flow of remittances from the Pakistani community in Dubai could increase manifolds through banking channels with the support of financial institutions, the dedicated government scheme, and community developers. Innovative service, incentives, and community building could encourage Pakistani workers in the UAE and Gulf region to utilize banking channels to support their country’s economy in challenging times.
Governor SBP meets up with global banks delegation and discusses Pakistan’s economy
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the sidelines of the IMF-World Bank meetings in Marrakech, Morocco. Governor SBP briefed the investors about the recent macroeconomic developments, policy responses to current challenges, and the outlook of Pakistan’s economy, and also answered their questions.
India and Pakistan face off in rare clash at Cricket World Cup
India will host Pakistan at the Cricket World Cup on Saturday, a historic bout between the bitter rivals that has sparked frenzied anticipation ahead of elections in both countries next year. It is the first time Pakistan’s team has travelled to India since 2016, marking a rare moment of bilateral engagement. An eruption of cross-border…
Chairman PTA, CEO Zong 4G discuss future of digitalization in Pakistan
The CEO and Chairman of Zong 4G, Huo Junli met with Chairman of Pakistan Telecommunication Authority (PTA), Major General (Retd.) Hafeez ur Rehman and discussed matters related to growth of Pakistan’s telecom industry. The leaders of Zong 4G and PTA discussed the future of digitalization in the country and the mutual efforts that could go…
Blue and Green color Banknotes of Rs.75 are Legal tender, clarifies SBP
State Bank of Pakistan would like to clarify that under Section 25 of the State Bank of Pakistan Act, 1956, all banknotes including commemorative notes issued by SBP are legal tender everywhere in Pakistan for the amount expressed therein and carry the guarantee of the Federal Government.
Airlines agonise over safety risk of Israel flights
AIRLINES wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Airlines have faced warnings over insurance coverage in the wake of the weekend attacks on Israel by Palestinian Hamas…
SECP registers 2,477 new companies in September
Foreign investment has been reported in 82 new companies The Securities and Exchange Commission of Pakistan registered 2,477 new companies in September 2023, bringing the total number of companies in Pakistan to 202,892. The total capitalization (paid up capital) of newly incorporated companies stood at Rs. 1.59 billion, said a press release issued. Private limited…
Huawei launches wold’s first product solutions with 5.5G capabilities
Huawei launched the world’s first comprehensive solutions for products with 5.5G capabilities during the 14th Global Mobile Broadband Forum (MBBF) held this week in Dubai, the United Arab Emirates. The solutions aim to provide tenfold improvement in network capabilities compared to 5G through innovations in broadband, frequency band, antenna and other aspects, according to Cao…
PTCL to sell its twelve surplus immovable assets in nine cities
Pakistan Telecommunication Company Limited has decided to sell its twelve surplus immovable assets in nine cities to strengthen its financial health and service capacity.This is in consideration of the company’s aggressive network and ICT infrastructure expansion plans. Required approvals have been accorded for the planned sale of company’s properties, situated in Attock, Bahawalpur, Faisalabad, Gujranwala,…