The State Bank of Pakistan on 2nd August has launched two initiatives which would facilitate the introduction of digital financial products and services by financial institutions. These were announced by the governor state bank at the 5th stakeholder meeting of the digital financial services.
The market-leading cement sector saw a 19 percent decrease in sales during the month of July due to the monsoon season and Eid Holidays, the All Pakistan Cement Manufacturers Association reported. On the other hand, the coal sector prices remain elevated.
Deemed as Asia’s largest Eye Hospital, Al Shifa establishment has finally announced that the Rawalpindi Eye Hospital has entered its operational phase. The project...
Dr. Ghulam Nabi Fai condemned the statement by Indian Ambassador to the U.N., T.S. Tirumurti calling Kashmir Issue India's internal affair. He argued that the statement oversimplifies and marginalizes the struggle for freedom by the people of Kashmir and goes against all the previous multilateral agreements.
The consumer price index (CPI) slowed for the month of July as food costs rose slowly. Both urban and rural core inflation rising by 6.9 percent in July year-on-year. The two major contributors to the overall inflation remained "Food" and the "Housing, Water, Electricity, Gas & Fuels" sector.
The Minister of Energy slammed Pakistan's leading news publication Dawn for publishing fake news claiming that the state-run oil company PSO had bought LNG at the second highest ever price of $20 MMBTU.
Leading auto manufacturers in Pakistan Toyota and Suzuki have posted record monthly sales of vehicles in the month of July. The experts attribute this record to the uptick of car financing in the country following low cost of borrowing for consumers.
In a meeting to discuss the upcoming Auto Policy 2021-26, Finance Minister Shaukat Tarin directed the members to speed up the formulation of the car financing policy in Pakistan. During the discussion, important development in the EV sector was also discussed.
Despite Pakistan lagging in the official launch of the vehicle, a user reported seeing the latest version of the Toyota Corolla 2021 hybrid sedan on the M2 motorway. The sedan despite being cheaper, has won awards like "2021 Best Hybrid and Electric Car for the Money" by USnews.
In a record-making event, more than 2.7 million people took to the northern areas over the Eid holidays, leading to the total spending of Rs66 billion on small and medium-sized local businesses.
Various areas of Islamabad faced severe damages after a cloudburst that caused urban flooding in the Federal Capital of Pakistan. According to the meteorological...
