Cement exports surge by over 130% to $39.6 Million
The cement exports from Pakistan surged by 130.24 percent during the first two months of the current fiscal year as compared to the exports of the corresponding period of last year, Pakistan Bureau of Statistics. Pakistan earned $39.641 million by exporting cement during July-August (2023-24) as compared to eh exports of $17.217 million during July-August…
Adil Aziz
Dubai’s Investment Potential Beckons Pakistani Investors
Amidst the ongoing global economic uncertainties, Dubai stands out as a beacon of opportunity and growth. Pakistani investors are increasingly turning their attention towards the emirate’s thriving economy and burgeoning sectors. In this regard, an event held in local five star hotel that successfully showcased the wealth of investment opportunities that Dubai offers to Pakistani…
High cost of doing business disastrous for economy: APBF
All Pakistan Business Forum said in a statement that the high cost of doing business has proved to be dangerous for Pakistan’s economy, discouraging investment both in capacity and capability, calling for lessening the burden of heavy taxes on energy sector. APBF President Syed Maaz Mahmood said that the industry has been overburdened due to…
SBP to provide interest-free loans to unemployed women
The State Bank of Pakistan is making it possible to provide unemployed women interest-free loans for starting large scale businesses in order to ensure their economic stability. This was stated by State Bank of Pakistan Deputy Chief Manager in Dera Ismail Khan Fazal Muqeem while addressing a one-day seminar titled ‘Women bank ability and banking…
MSB Educational Institute Celebrates Young Authors’
MSB Educational Institute, an international chain of schools for the Dawoodi Bohra community, announced the success of its Young Authors program. Nine talented student authors from MSB Karachi revealed their books at a book launch ceremony. The Young Authors program, a unique initiative by MSB, provided students with an eighteen-month writing development program. During this…
Recycling plastic not enough, warns UN environment chief
WITH the production of plastic on the rise worldwide and creating ever more pollution, the UN environment chief warned that humanity cannot just recycle its way out of the mess, and she called for a total rethink about the way we use plastics. “There are different sort of onramps to the highway to solutions. But…
Finance Minister suggests listing of govt debt securities at PSX
Dr. Shamshad Akhtar, the Federal Minister for Finance and Revenue said that the securities market can play a vital role in the development of debt market through the listing of Government debt securities on Pakistan Stock Exchange. Speaking at the inauguration ceremony of the Centralized Gateway Portal, Dr Akhtar said that the issuance securities through…
SBP launches ‘Diamond’ category of Sohni Dharti Remittance Program
In a bid to further encourage remittances through formal channels, the State Bank of Pakistan, launched a new ‘Diamond’ category of the Sohni Dharti Remittance Program (SDRP) that offers enhanced points and additional benefits to remitters. The category will be effective from September 22, 2023, in addition to existing three- Green, Gold and Platinum- categories…
LUMS faculty showcases Bill & Melinda Gates Foundation-funded Project at the 78th UN General Assembly
Dr. Maryam Mustafa, Director, Saida Waheed Gender Initiative and Assistant Professor of Computer Science at LUMS, recently presented her project, ‘Awaaz-e-Sehat: Empowering Maternal Healthcare with Voice-Enabled Electronic Record Management’ at the 78th United Nations General Assembly. She was part of the session on ‘Artificial Intelligence for Accelerating Progress on the Sustainable Development Goals: Addressing Society’s Greatest…
Recovery continues unabated: Rupee gains Rs 1.01 against US Dollar
Pakistani Rupee witnessed the 14th consecutive recovery session as it gained Rs 1.01 against the US dollar in the Interbank trading and closed at Rs 291.76 against the previous day’s closing of Rs 292.77. However, according to the Forex Association of Pakistan, the buying and selling rates of the dollar in the open market stood…