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The “progressive, pro-people and business friendly” budget for the Fiscal Year 2022-2023 approved by present government is all set to be rolled out on June 10, which is also focused on increasing revenues. Few months back the government was more inclined to revive its multi-billion dollar deal with International Monetary Fund (IMF) programme but with…
In order to provide internet services to about 3.3 million people in the un-served and under-served areas of Balochistan, Punjab, Sind and Khyber Pakhtunkhwa (KPK) provinces, the Universal Service Fund (USF)Board has approved the awards of 8 contracts worth over PKR 10 billion through High-Speed Broadband services and Optic Fiber Cable (OFC). These contracts were…
The International Monetary Fund (IMF) has demanded from Pakistan’s government to re-consult the China-Pakistan Economic Corridor (CPEC) energy deals before the payments of 300 billion to the Chinese power plants which has put Islamabad into tight position. These power plants were established under the 1994 and 2002 power policies under the CPEC framework agreement which…
On Thursday, Finance Minister Miftah Ismail, during a press conference held to review government’s economic performance, disclosed Economic Survey 2021-2022 with high expectation that the foreign exchange reserves at State Bank of Pakistan will rise to $12 billion in coming days after the inflow from China is recorded. This statement came a day before the…
As gender diversity has worked well in developing and developed economies around the world, Pakistan may also escalate its economic activities significantly by supporting women to play their role in management and labour in businesses. The participation of women stands at 21% in Pakistan’s economy as compared to men as 79%. At “Employer of Choice”…
Special Technology Zones (STZs), Systems Limited and Special Technology Zones Authority (STZA) have signed a contract to promote licensed domestic and global technologies companies for the development and implementation of the One Window Portal System. The signing ceremony took place in presence of Chairman FBR Asim Ahmad, senior representatives from both organisations as well as…
The World Bank on Tuesday has warned that due to Russian invasion in Ukraine has worsened the damage from Covi-19 pandemic and marked down its global growth forecast by nearly a third to 2.9% for 2022.The World Bank said in its Global Economic prospects report that the war in Ukraine has maximized the slowdown in…
Goldman Sachs has increased its Brent oil price for the second half of the year 2022 and first half of year 2023 by $10 to $135 a barrel reasoning that a structural supply deficit was still unresolved. Analyst at the ban reported on June 6 that prices would need to be increased for supply to…
The International Monetary Fund (IMF) has strictly demanded to end income tax exemptions in the upcoming budget. A government official on terms of remaining anonymous has told that no such proposal was under consideration. Sources have revealed that the government would increase tax on income earned through online gaming and social media applications including popular…
Forex Association of Pakistan data showed that on Tuesday, for the first time in the history Pakistani rupee broke all records by surpassing 205 threshold against US dollar after shedding RS 4 in the open market. The graph kept on falling downwards dropping to an all-time low of Rs202.75 in the interbank market during full…
It came forward on Monday that due to lack of any effective method at city’s entry points to separate any diseased animals, cattle affected with Lumpy Skin Disease (LSD) were brought to livestock market of Karachi just before Eid ul Azha. Sources confirm that contractors hired by government had been collecting money from traders in…
On Tuesday, British Airways without any detailed explanation declared a temporary suspension of direct flights between Islamabad Internal Airport and London Heathrow Airport due to “operational reasons”. According to Pakistan Civil Aviation Authority (PCAA) statement, the services of United Kingdom’s airline will remain suspended from June 15 to June 30. However, the reports of press…
The government of Pakistan is steadily gliding towards International Monetary Fund (IMF) programme for which preconditions are already being met. Recently, just within a time span of one week the discount rate has been increased by 150 basis points to 13.75% while petrol price has hiked to Rs60 per liter. These are just the initial…
United Nations has agreed to change the name of Turkey into ‘Turkiye’. President Erdogon started the campaign for changing the name last year. Turkey’s cosmopolitan capital has requested all other countries and all other respective departments to use this new name ‘Turkiye’. Stephen Jerk, a representative of United Nations has stated that the changed name…
The globally known smartphone brand Vivo, recently launched its VIVO X80 device in the X series. The brand also declared campaign named ‘Stories. Redefined.’ along with the launch of this latest smartphone where it collaborated with filmmaker to produce the the of storytelling on screen through the smartphone. The company also invited people across Pakistan…
Globally recognized smartphone brand Vivo, has recently launched its X series smartphone which has instantaneously become eminent, with the whole smartphone industry particularly praising its camera feature. Here’s a quick look into its main features for users to know more about the device. The most praised feature in vivo X80 is the new vivo V1+…
A panel discussion was recently held at metropolis in an attempt to create awareness about the needs of the persons with disabilities and to provide them with equal opportunities in different fields of life. This panel, titled, “Leaving No One Behind: Working Together to Accelerate Action on Accessibility” was organised by the NOWPDP (Network of…
In Iraq during this ongoing year 2022, due to drought in river Tigris a 3400 years old city has been discovered. It is assumed that it was a kingdom during 2000 B.C. The team of archeologists from Kurdistan Archeology Organization, Freiberg University of Mining and Technology, Germany and Eberhard Karls University of Tubingen, Germany did…
Finance Minister Miftah Ismail took to his twitter handle to announce the ‘good news’ on Thursday that Chinese banks have agreed to refinance Pakistan with $2.3 billion funds which will “shore up Pakistan’s Foreign exchange reserves.” The finance minister further informed that after some routine approvals from both sides, the inflow is expected ‘shortly’ which…
At the moment, Pakistan is striving to come out of the economic crisis created by three and a half years of previous government. PDM government has assumed power for an undefined period of time would have to struggle to solve the problems created by domestic inadequacies as well as international market. The increase in petroleum…
The FIFA trophy Tour 2022 has been relocated to Lahore by the organizers due to political disruption in Islamabad. An official of the FIFA Trophy tour confirmed that only the venue has changed but the dates remain same. The organizers told that the trophy will arrive in Lahore in June 7, 2022 and it is…
The establishment is such a vague term for a layman yet influential in terms of the policy. In the USA, it does not matter if the president is a democrat (Biden, Obama) or a republican (Trump or Bush). Protecting Israeli interests is kept at the forefront of the American policy by their establishment. For example,…
Foreign direct investment of $6.1 billion were allured during July 1, 2018, to March 30,2022 by the telecom industry: As reported by Federal Minister for IT and Telecommunication Syed Amin ul Haque. On the event of “World Telecommunication and Information Society Day”, the aforesaid Minister reported that the number of active cellular SIMs reached 193…
The three- match ODI series between Pakistan and west Indies is set to commence on June 8 2022 and Rawalpindi will host the series at the Pindi cricket stadium. As weather forecast indicates that the temperature in Rawalpindi may exceed 40 degrees in the first week of June so PCB decided to combat the heatwave…
After completing its $80 million Series C round, Cresta, the leading provider of real-time intelligence for contact centers, has quadrupled its post-money worth to $1.6 billion. Cresta has quadrupled its sales in the last year and achieved a Net Revenue Retention (NRR) of 210 percent. Tiger Global led the round, with Genesys, Five9, J.P. Morgan…