Forbes lauds Pakistani policies amidst pandemic
The magazine said," Even giants like the United States and India have had difficulty dealing with the coronavirus pandemic. Donald Trump, Dwayne Johnson, and Ellen DeGeneres have all been infected by this virus. In this situation, Pakistan has succeeded in reviving its economy."
State Bank to introduce collateral-free loan scheme to promote businesses
SBP Governor Reza Baqir has announced that the central bank has planned a clean loan scheme for the cottage industry for up to Rs10 million financing.
PIEDMC plans to launch state-of-the-art industrial zone in Sialkot
According to PIEDMC Chairman Syed Nabeel Hashmi, Sialkot being Pakistan’s largest sports and surgical goods exporting hub — has no regular industrial estate. Therefore,...
Karachi Port Trust (KPT) shows substantial growth over 11 months!!
According to the figures shared by Minister Ali Haider Zaidi in his tweet, during the 11 Month Fiscal Year from July to May 2021, the cargo on the ports increased 25.71 per cent in 11MFY21 compared to the same period in the last fiscal year.
These 3 startups are here to disrupt the traditional systems of Pakistan!
In February 2021, the Managing Partner for the most active global venture capital 500 Startups, Khailee Ng wrote on his Linkedin post, “There will be unicorns from Pakistan”. Looking at the recent news from the startup world, he wasn't wrong.
Government taking steps to eradicate own-money in auto sector
In an attempt to combat the overarching “own money” problem that the Pakistani auto industry is facing for a long time, and in turn, decrease the cost of cars for the people of Pakistan government has decided to penalize late deliveries.
Engro Corporation & Parwaaz collaborate to upskill farmers
The two partners will work together to create a skilling program that comprises of curriculum developed with subject matter experts to teach modern farming practices to learners and integrating them with digital systems.
Did economic factors impact the recent PSX rally?
Upon the question of long-term expectations in the Stock Market, AKD’s expert said, “as expectations are that inflation would be decreasing in the near future, along with an upward trend in the economic activity in the country and high liquidity, the economy will grow in the long term, and thus we expect the same of the market”.
FBR crosses Rs4 trillion revenue collection for the first time in May 2021!
The net collection for May was Rs386bn against a target of Rs358bn, an increase of Rs28bn. Compared to the collection of Rs229bn in May 2020, the collection saw a growth of 69 percent Year-on-Year(YoY).
Cars to get more expensive because of this reason!
According to Intel CEO Pat Gelsinger, the chip shortage will last beyond 2022 as demand far outstrips supply. Reportedly, 3.8 million fewer cars would be produced due to this reason.
PM inaugurates Rashakai SEZ; project to bring billions in investment!
This Rashakai SEZ in Nowshera KPK is part of the China Pakistan Economic Corridor cluster, and it will prove to be a milestone in respect to attracting investment from the foreign sector as special incentives given by the government to set up industries continue.
Pakistan’s exports increase in double numbers in last ten months!
The national assembly was informed by the government that Pakistan’s exports are up 13.4 percent to 21 billion dollars during the ten-month fiscal year 2021, from July 2020 to April 2021.