Digital Inclusion: A Path to Economic Equality in Pakistan
Employment Lifestyle Productivity

Digital Inclusion as a Pathway to Economic Equality: Commerce Minister Urges Private Sector to Drive Change in Pakistan

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, […]

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CCP warns on Misleading Discounts in Pakistan
Employment Lifestyle Productivity

Pakistan Government Introduces Major Pension Scheme Amendments: A Positive Step for Retired Employees and Their Families

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. […]

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Visa’s Bold Plan to Boost Digital Payments in Pakistan by Tenfold
Employment Lifestyle Productivity

Visa’s Ambitious Plans for Pakistan: A Tenfold Increase in Digital Payments Acceptance

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 […]

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Pakistan's Petrol Price Cuts: Government's Revenue Struggles
Employment Lifestyle Productivity

Pakistan Moves to Renegotiate Power Contracts Amid Rising Electricity Tariffs

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, […]

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Pakistan's Energy Reforms: Circular Debt and RLNG Use
Employment Lifestyle Productivity

High-Level Committee Urges Reassessment of Circular Debt and Energy Sector Reforms

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, […]

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Dewan Motors Gets Pakistan’s First EV Certificate
Employment Lifestyle Productivity

Dewan Motors: Pioneering Electric Vehicle Manufacturing in Pakistan

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 […]

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US Interest Rate Cut: Potential Boost for Pakistan's Economy
Employment Lifestyle Productivity

Limited Upside to the Pakistani Rupee Despite Reserve Boost, Says Citigroup

Lahore, Pakistan — As Pakistan strengthens its foreign exchange reserves in an effort to stabilize the economy, Citigroup has tempered expectations for any significant appreciation of the Pakistani rupee. Despite the promising buildup in foreign reserves, which is designed to shield the economy from a potential balance of payments crisis, several factors are at play […]

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Pakistan’s Auto Industry in August 2024: Key Trends & Outlook
Employment Lifestyle Productivity

Pakistan’s Auto Market: A Tale of Two Halves in August 2024

The Pakistani auto industry in August 2024 witnessed a mix of gains and declines, offering a glimpse into the ongoing challenges and opportunities in the market. Overall, the industry saw a 7% year-over-year (YoY) increase in sales, hitting 6,900 units, largely driven by strong performances from Indus Motors Limited (INDU) and Honda Atlas Cars (HCAR). […]

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