Pakistani rice exports surge by 35.40% in first five months of FY 2024-25
During the first five months of the current financial year, the country’s rice exports experienced a remarkable growth of 35.40% compared to the same period last year. During the period from July-November 2024, over 2.377 million metric tons of rice including basmati rice and others valued at $1.515 billion, were exported as compared to the…
Adil Aziz
Tetra Pak launches its first-ever Sustainability Report for Pakistan
Tetra Pak, a global leader in food processing and packaging solutions, has launched its inaugural Sustainability Report for Pakistan, serving as a local supplement to its FY23 global Sustainability Report.
Mehfooz
SBP launches new version of eCIB System
The State Bank of Pakistan (SBP), announced the launch of the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB) system that will be in operation with advent of the new year.
Pakistani Expatriates in Singapore Informed of Roshan Digital Account Benefits
The High Commission of Pakistan in Singapore held a webinar to inform Pakistani expatriates in Singapore about the benefits of the Roshan Digital Account.
Editor
Pakistan’s Textile Exports Surge by 10.51% to $7.607 Billion in Five Months
Textile exports experienced a 10.51 percent increase during the first five months of the current financial year (2024-25), compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS) report.
Enhancing Tax-to-GDP ratio crucial for economic stability, Says FBR Chairman
During his visit to the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, the FBR Chairman agreed with LCCI President Mian Abuzar Shad on the need to reduce sales tax, corporate tax, and income tax rates in Pakistan. However, he emphasized that these reductions would only be feasible if the taxation system effectively captures revenue from all economic segments.
Telenor velocity, STZA, Invest2Innovate host round-table to address funding challenges in Pakistan’s startup ecosystem
Telenor Velocity, Telenor Pakistan’s premier start-up accelerator program, in partnership with the Special Technology Zones Authority (STZA) and Invest2Innovate (i2i), successfully hosted a thought-provoking round-table discussion during the prestigious +92Disrupt 2024.
State Bank of Pakistan cuts interest rate by 2% to 13%
The central bank of Pakistan has reduced its key policy rate by 200 basis points, bringing it down to 13%. This marks the fifth consecutive rate cut since June, driven by ongoing efforts to stimulate the economy amid easing inflation.
Dolmen Mall opens its Biggest Mall in Lahore – A landmark in retail and entertainment
Dolmen Group; Pakistan’s largest operator of shopping malls and the first company in South Asia to operate REITS is excited to announce the grand opening of its largest mall to date in Lahore. Located in the prestigious Defence Housing Authority (DHA) Phase 6, this state-of-the-art development is set to transform the retail landscape of the…
Domestic Deposits in Pakistan’s Scheduled Banks Surpass the PKR 31 Trillion Benchmark: SBP Report
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing complete disclosure of the Corporation’s financial performance, operating activities, and achievements. DPC was established under the Deposit Protection Corporation Act, 2016 and operates as a…