National Workshop on Deregulating Wheat Market Held in Islamabad

The Ministry of National Food Security and Research (MNFSR), in collaboration with the Asian Development Bank (ADB), organized a workshop to address challenges and explore opportunities in Pakistan’s wheat sector.…

LMKR Partners with LG&HTP to Modernize Karachi’s Property Tax System

PAKISTAN: – 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…

PPHS 2024 marks a significant milestone in socio-economic research, Dr. Nayab

Islamabad : Director of Research Dr. Durre Nayab, PIDE, provided the findings from the Pakistan Panel Household Survey (PPHS) 2024 Round. She stated that PPHS 2024 marks a big milestone…

Afghanistan’s economic crisis deepens, former govt employees struggle

Afghanistan’s monetary situation has deteriorated hastily underneath Taliban rule, with former government employees facing severe monetary hardships. The World Bank has warned that unemployment fees within the USA have reached…

World Bank to give $8.7bn loan to Pakistan for development projects

The Division of Economic Affairs confirmed that the funds will be allocated to various initiatives aimed at strengthening infrastructure, education and emergency recovery efforts. According to a document from the…

PANAH rejects any reduction of taxes on juices

The Pakistan National Heart Association (PANAH) has called upon Prime Minister Shahbaz Sharif, Finance Minister Muhammad Aurangzeb, Federal Commerce Minister Jam Kamal, and Dr. Malik Mukhtar Ahmad Bharath, Coordinator to…

LUMS Hosts 2nd Symposium on Battery Electric Vehicles in Pakistan

Islamabad: LUMS Pakistan organized the 2nd Symposium on Battery Electric Vehicles (BEV) in Pakistan in association with Higher Education Commission (HEC) of Pakistan, World Bank and International Finance Corporation (IFC).…

GDP growth expected to be between 2% to 3%: SBP

The Special Investment Facilitation Council (SIFC) has been working hard at the policy level to revive Pakistan’s economy and the results show that the country’s economy is growing. According to…

WB, ADB assure full support for Pakistan’s reforms programme to fix economy

World Bank has said that fully support Pakistan in its reforms and digitization program to stabilize economy and increase revenue. The assurance was given in a meeting between Finance Minister…

IFC approves financing for PTCL Group’s acquisition of Telenor Pakistan

Islamabad: The Board of Governors of the International Finance Corporation (IFC) has provided assistance to finance the PTCL Group for the acquisition of Telenor Pakistan. The decision sees the PTCL…

Bank financing hits record high

KARACHI: Pakistan’s commercial banks continued to lend freely to the cash-strapped government at increased rates of return, raising their funding to a record 93% of total deposits in January 2024.…

Faysal Bank doubles operating profit for the year ended 2023

Karachi: Faysal Bank Limited (FBL) a prominent Islamic bank in Pakistan, has shown strong performance in the inaugural year as an Islamic Bank, showcasing its healthy business fundamentals as well…

SBP reports massive drop in currency circulation

In a recent report issued by the State Bank of Pakistan (SBP), it was revealed that the currency in circulation in the Pakistani economy has seen a significant decline. Currency…

Stock Market adds 300 points ahead of election day

KARACHI: After a long weekend, the stock market continued its momentum from Friday and registered a gain of 265 points during the hour of trading. The index was at the…

In a first, Pakistan to host ‘Global Health Security Summit’

Taking an unprecedented initiative, Pakistan organized a first-of-its-kind “Global Health Security Summit” (GHSS) in Islamabad.The two-day debate on 10-11 January is aimed at devising a strategy to deal with future…

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