Pakistani-American Tech entrepreneurs urged to boost investment in Pakistan
Pakistan’s Ambassador to the U.S., Masood Khan, has called on Pakistani-American Tech entrepreneurs to act as a catalyst to accelerate growth and investment in Pakistan’s IT and startup sectors. Speaking at the Organization of Pakistani Entrepreneurs (OPEN) Annual Forum at Silicon Valley, California, he said that recent uptick in the bilateral relations between Pakistan and…
Adil Aziz
Planning Commission launches Pakistan Outlook 2035 on future socio-economic roadmap
The Planning Commission has initiated a comprehensive study on the future development scenario building for Pakistan titled “Pakistan Outlook 2035”. The initiative, which will assess long-term challenges in the light of prevailing economic crisis and changing global dynamics in key sectors of the economy and identify policy choices for the policy makers for rapid socioeconomic…
Banks to get exemplary punishment for over charging on LCs: Dr. Ayesha Ghous Pasha
Minister of State for Finance Dr. Ayesha Ghous Pasha wowed on Friday to give exemplary punishment to the commercial bank who were over charging on Letter of Credits (LCs) payments. Briefing the Senate Standing Committee on Finance and Revenue the minister of state said that the banks responsible for over charging would be fined heavily…
Diplomat wants Pakistani businessmen to exploit US expertise
The United States has long been Pakistan’s largest export market, importing more than $5 billion Pakistani goods that is surpassing any other country and we want bilateral economic relations to be further strengthened by inviting Pakistani businessmen to come to US and get advantage of United States expertise in different sectors. This was stated by…
Pakistan to launch 5G technology by July 2023: Amin-ul-Haque
Federal Minister for Information Technology and Communication Syed Aminul Haque here on Thursday said that manufacturing of smart-phones had been started in Pakistan while 5G technology would be launched in the country by July 2023 and our effort was to make access to technology possible for people in every part of the country. He was…
Emirates Group announces record half-year performance for 2022-23
The Emirates Group today announced its half-year results for its 2022-23 financial year. The Group is reporting a 2022-23 half-year net profit of AED 4.2 billion (US$ 1.2 billion), a record half-year performance, and a turnaround of almost AED 10 billion from its AED 5.7 billion (US$ 1.6 billion) loss for the same period last year. The…
IT Minister hopes revenue from IT Export to touch US$ 5 Billion next year
Federal Minister for Information Technology and Telecommunication (MOITT), Syed Amin ul Haque, said that government was focused on promotion of research and development activities for encouragement of entrepreneurship in the country. He was addressing distribution ceremony of the 1st Hameed and Azra Awards in the field of Quality Academic Research in Pakistan held here at…
Rupee gains 23 paisa against dollar
Pakistani Rupee on Thursday appreciated by 23 paisas against the US dollar in the interbank trading to close at Rs 221.42 against the previous day’s closing of Rs 221.65. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the US dollar in the open market were recorded at Rs 225.4…
Embracing new technology, tools must for development: President Alvi
President Arif Alvi on Thursday said that trust and confidence of people in the insurance system is a must for a stable economy and prosperity of the country. He was speaking as chief guest at a seminar titled “Role of Federal Insurance Ombudsman in provision of effective justice” organized by Federal Insurance Ombudsman at Governor…
Sindh govt, WB to provide growers Rs.5000/ acre subsidy on seed, fertilizer for Rabi crops
Sindh government and World Bank agreed on Wednesday to provide Rs.5,000 per acre subsidy to the growers for seed and fertilizer for Rabi Crop while WB also offered a $40 million loan for rehabilitation of the damaged health facilities. The world bank has agreed to provide subsidies to the growers holding up to 25 acres…