Saudi Arabia to continue voluntary oil output cut of one million barrels per day
SAUDI Arabia said it would continue with its voluntary oil output cut of one million barrels per day for the month of November and until the end of the year. The kingdom’s production for November and December will be approximately 9 million bpd, an energy ministry statement posted on the Saudi state news agency SPA said….
Adil Aziz
Carrefour Pakistan Celebrates 14 Years Of Excellence
Carrefour, owned and operated by Majid Al Futtaim in Pakistan, celebrates 14 years of excellence in serving the Pakistani community. The ongoing anniversary discount offers will remain available until October 25th, and they are a tribute to the trust and loyalty of Carrefour’s valued customers, who have been an integral part of this remarkable growth…
SECP continues crack down on illegal loan apps
As part of the Securities and Exchange Commission of Pakistan’s crackdown against illegal loan apps, it has been observed that some operators have started launching their illegal loan apps through Android Package Kit (APK) files, by using alternative channels such as websites, WhatsApp, etc. instead of uploading them on Google and Apple Play stores. The…
Ufone 4G expands the range of discounted offers on UPaisa
Pakistani telecom operator, Ufone 4G is expanding the range of its special and discounted offers available exclusively on UPaisa – a cutting-edge 360-degree digital financial solutions platform powered by Ufone 4G. The company has now announced discounts on two of its most sought-after hybrid bundles; Weekly Digital Offer and Digital Grand Offer to provide greater…
Pakistan needs ‘careful’ economic management to get macroeconomic stability: WB country director
The World Bank suggested Pakistan to undertake the much-needed fiscal reforms including a reduction in tax exemptions and broadening of tax base, terming them “critical” for economic stability and sustainable economic growth. “Careful economic management and deep structural reforms will be required to ensure macroeconomic stability and growth,” WB Country Director for Pakistan Najy Benhassine…
Pakistan earns $70.969 Million by exporting transport services in July
Pakistan earned US $70.969 million by providing different transport services in various countries during the first month of the current fiscal year (2023-24) as compared to the corresponding period of last year. This shows a decline of 5.32 percent as compared to $74.960 million earned through the provision of services during the corresponding month of…
Political stability can to boost business confidence in Pakistan: ADB report
The Asian Development Bank said in its recent report that political stability after upcoming elections in Pakistan could boost business confidence and pave way for new standby arrangement with International Monetary Fund (IMF). “Political stability following general elections later this year, if achieved, will boost business confidence, as will a new standby arrangement agreed with…
PSX marks WIW 2023 with gong ceremony
Pakistan Stock Exchange along with numerous other exchanges and organisations across the world marked World Investor Week (WIW) 2023 through a gong ceremony held at PSX. The World Federation of Exchanges (WFE), of which PSX is an Affiliate Exchange, spearheads the WIW, the WIW is being held from October 2– 8, 2023. PSX is holding…
Unity Plantations (Pvt.) Limited and Green Corporate Initiative (Pvt.) Limited Join hands to Revolutionize Pakistan’s Agriculture Sector
Unity Plantations (Private) Limited [a wholly owned subsidiary of Sunridge Foods (Private) Limited, which in turn is a wholly owned subsidiary of Unity Foods Limited, hereinafter collectively referred to as Unity Group] and Green Corporate Initiative (Private) Limited are proud to announce a groundbreaking Master Collaboration Agreement that is set to reshape Pakistan’s agriculture and…
Trade deficit narrows by 42% in 1st quarter
The trade deficit contracted by 42.25 percent during the first quarter of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics reported. The Trade deficit during July-September (2023-24) was recorded at $5.289 billion as against the deficit of $9.159 billion in July–September (2022-23), showing negative growth of 42.25…