Minister Seeks Swedish & EU Green Fund Aid for Green Vehicle Transition
Federal Minister for Power, Awais Ahmed Khan Leghari, has extended an invitation to the Swedish Green Fund to assist in converting Pakistan’s small vehicles to electric technology. He seeks both technical and financial support for this initiative, which aligns with Pakistan’s recent success in significantly reducing tariffs for electric vehicle charging stations.
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UBG Calls for Urgent Measures to Revitalize Construction Sector
The Southern Zone of United Business Group (UBG) Vice Chairman (VC) Syed Mazhar Ali Nasir has called on the government to implement immediate measures to revitalize the construction and housing sector.
NA IT Committee Approves Digital Nation Pakistan Act 2024
Chairman of the Committee, Syed Aminul Haque, stated that the Act aims to transform Pakistan into a Digital Nation by providing timely opportunities to enable a Digital Society, Digital Economy, and Digital Governance, in line with technological advancements.
Sindh Govt. set to launch EV taxi network across the province
The Sindh government has decided to launch an environmentally friendly EV taxi service and establish a regulatory authority to oversee its operations. Plans are also underway to develop a robust EV charging network across major urban and rural areas of the province.
Textile Products Export Growth 9% in the Last Half-Year
Textile exports saw a notable 9.67% increase during the first half of the 2024-25 financial year, compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS).
PSX and 1LINK Collaborate to Revolutionize Investor Book Building Process
Pakistan Stock Exchange Limited (PSX) and 1 LINK signed an Agreement between to Enhance Book building process for investors.
Pakistan’s Industrial Growth Dips by 1.25%
The Pakistan Bureau of Statistics (PBS) reported that during the first five months of the current fiscal year, the Large Scale Manufacturing Industries (LSMI) in Pakistan experienced a negative growth of 1.25 percent compared to the same period last year.
Pakistan’s Foreign Reserves surge to $16.45 Billion
According to a report by the State Bank of Pakistan (SBP) on January 10, 2025, the country’s total liquid foreign reserves totaled US$ 16,450.9 million.
LMKR Partners with LG&HTP to Modernize Karachi’s Property Tax System
LMKR is building a comprehensive system to modernize Karachi’s Urban Immovable Property Tax Administration System (UIPT-MIS). Signed on Dec. 20, 2024, with Local Government & Housing Town Planning (LG&HTP) Department under the World Bank-funded CLICK initiative, the agreement is part of the Government of Sindh’s efforts to improve transparency and efficiency in tax operations.
InfraZamin Pakistan and HABIBMETRO Partner to Provide a Structured PKR 800mn Guaranteed Trade Finance Facility to Jaffer Business Systems
InfraZamin Pakistan (IZP), has successfully issued its first short-term guarantee of PKR 600m against a PKR 800M Trade Finance Facility by HABIBMETRO for Jaffer Business Systems. The groundbreaking facility will support Jaffer Business Systems (JBS), an established technology and business solutions provider, to expand its business in digital and IT infrastructure solutions.