In a move aimed at ensuring that online operations remain smooth and secure, the Pakistan Telecommunication Authority (PTA) has recently issued a clarification regarding the use of Virtual Private Networks (VPNs) in Pakistan. Contrary to some reports suggesting a blanket ban on VPN services, PTA has affirmed that VPNs are not being blocked. Instead, the […]
Islamabad, Pakistan – In a landmark development for Pakistan’s gems and stones industry, the government has unveiled a series of comprehensive reforms aimed at rejuvenating this vital sector. The Prime Minister’s Steering Committee, under the leadership of Federal Minister Abdul Aleem Khan, has approved significant measures designed to modernize and bolster the industry. This pivotal […]
In today’s interconnected world, the importance of digital technology as a tool for achieving economic growth and equality cannot be overstated. In Pakistan, where gender inequality continues to pose a significant challenge, digital inclusion presents an opportunity to bridge the gap, particularly when it comes to empowering women. Recognizing this, Pakistan’s Commerce Minister, Jam Kamal, […]
In a major effort to improve the financial well-being of retired government employees and their families, the government of Pakistan has recently introduced substantial amendments to the existing pension scheme. These changes, based on the recommendations of the Pay and Pension Commission 2020, were outlined in three separate regulatory notices issued by the finance ministry. […]
In recent years, the world has seen a rapid shift towards digital transactions, with countries across the globe racing to modernize their financial systems. Pakistan, one of the world’s largest unbanked populations, has long been considered a challenging market for digital payment companies. However, the tide seems to be turning as Visa, one of the […]
Pakistan’s inflation landscape has marked a significant turning point with the Sensitive Price Indicator (SPI) reaching a three-year low. For the week ending September 5, 2024, the SPI recorded a notable decrease to 14.07% compared to the same week last year. This milestone reflects a substantial easing in inflation, largely driven by reductions in energy […]
Pakistan is renegotiating its contracts with independent power producers (IPPs) to address soaring electricity tariffs that have become unsustainable for consumers, according to Energy Minister Awais Ahmad Leghari. The steep power costs have sparked social unrest and forced industries to close in Pakistan’s struggling $350 billion economy, which has faced multiple contractions in recent years, […]
Islamabad: A high-level Inter-Ministerial Committee (IMC) on the petroleum sector, chaired by Foreign Minister and Deputy Prime Minister Senator Ishaq Dar, has directed the Petroleum and Power Divisions to reassess the settlement plan for circular debt. This evaluation is expected to explore the potential for cash and non-cash adjustments to help clear up balance sheets, […]
Lahore, Pakistan – Dewan Motors, a prominent player in the country’s automotive industry, has taken a historic step by securing Pakistan’s first-ever electric vehicle (EV) manufacturing certificate. This certification is not just a milestone for Dewan Motors but also a pivotal moment for Pakistan’s automotive sector. It signifies the country’s entry into the rapidly expanding […]
Karachi, Pakistan – As global trends push towards a greener future, Pakistan is stepping up its efforts in the electric vehicle (EV) sector. BYD Pakistan, a joint venture between Chinese electric vehicle giant BYD and Pakistani automotive company Mega Motors, has made a bold prediction: by 2030, electric vehicles could make up as much as […]
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