Economy
Federal minister for commerce pledges revival of Pakistan’s cotton industry in critical meeting with ginners association
ISLAMABAD, October 09 2024, In a pivotal meeting, Federal Minister for Commerce, Jam Kamal Khan, held discussions with the Pakistan Ginners Association, led by its Chairman, Dr. Jassu Mal, to address the challenges facing Pakistan’s cotton industry. Once a global leader in cotton production and exports, Pakistan now faces the harsh reality of importing raw…
KCCI to remain open for full day every Friday
KARACHI: October 9 2024, To better serve the business & industrial community, the Management of the Karachi Chamber of Commerce & Industry (KCCI) has decided to keep all its departments fully operational every Friday for a full day, instead of observing a half-day schedule as per past practice. KCCI members can now avail of various…
Sindh government to expand seed production in sindh seed corporation
KARACHI: October 9 2024, The Sindh government has decided to extend the production of seeds to include fruit, oilseeds, and vegetables in the Sindh Seed Corporation. This was discussed in a review meeting chaired by the Minister of Agriculture, Sardar Muhammad Bux Mahar, regarding the introduction of new reforms in the corporation. The meeting was…
NBP partners with huawei to establish national cloud data center
Karachi: October 9, 2024. The National Bank of Pakistan has signed a MoU with Huawei Technologies Pakistan (PVT) to develop a state-of-the-art National Cloud Data Center. The MoU was formalized during the Huawei Connect 2024 Global Conference. This collaboration aims to strengthen NBP’s digital infrastructure by deploying cutting-edge cloud services in a Tier-3 certified data…
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…