Economy
Pakistan received highest ever $8.8 bln remittances in first quarter of FY25
KARACHI: October 8, 2024: Pakistan’s worker remittances in September 2024 totalled US$2.85bn, up 29% year over year and the highest amount ever received in September. In 1QFY25, remittances increased by 39% year over year to US$8.8bn. These stronger inflows will help Pakistan maintain PKR stability and contain the current account deficit. Highest-ever quarterly remittances received…
Energy Minister decided to crack down on those issuing fake test reports
KARACHI, October 8, 2024: Sindh Minister for Energy, Development and Planning Syed Nasir Hussain Shah has said that a strict crackdown should be taken against those who fake the wiring test report and Work Completion Report (WCR) of the Power Department and cases should be registered against the involved persons should be arrested. In this…
Breifing of Pak sovereign wealth fund & financial investment
Islamabad: October 8 2024, there was a major development in the investment sector according to which the Pakistan Sovereign Wealth Fund will be established through heavy investment in the financial industry. In this regard, Alvarez Marsal Middle East group will float financial investment in Pakistan and there will be a huge investment in the financial…
UgAi app launched for direct purchasing of fertilizer
Karachi, October 08, 2024: Engro Fertilizers has launched “UgAi”-the first integrated agri e-commerce platform of Pakistan, to offer farmers relief by enabling direct purchase of fertilizers at official prices from the Company. In the first phase, the free UgAi app has launched for farmers in Sindh, with plans for a nationwide rollout shortly. With the…
American Business Council announces new executive committee
Karachi, October 8, 2024: The American Business Council of Pakistan (ABC) has announced its new Executive Committee for 2024-2026 which will play a pivotal role in fostering strong bilateral trade and investment ties between the United States and Pakistan. Kamran Ataullah Khan, CEO & Country Manager of DuPont Pakistan Operations (Pvt) Ltd, has been elected…