Governments must have the right professional team in place to harness the benefits of additional investment while working to mitigate the significant risks associated with infrastructure projects; Pakistan is forecasted to invest $335bn in its infrastructure and will have a gap of $117.9bn. Thus the difference between investment needed and the investment forecast is 35 percent. Karachi,…
Karachi, July 01, 2019: Central Depository Company has significantly reduced its service tariff for the Mutual Fund Industry up to 57 percent applicable to different categories of funds. Apart from the said reduction, CDC has also rationalized the trustee fee for small sized mutual funds/schemes by permanently eliminating the minimum fee component and implementing flat rate…
Recent gas price hike a record in the last ten years: Ghiyas Paracha Raise unacceptable, the Government should resolve the issue through consultation. Karachi, July 01, 2019: The All Pakistan CNG Association on Sunday said notification for a 31 percent hike in the tariff of gas has been issued which will translate into an increase…
Karachi, July 01, 2019: TPL Rupiya and Dosafar have entered into a strategic partnership for digitizing and scaling up the transport industry by providing the opportunity to increase the adoption of mobile payments. Both have signed MoU under which, TPL Rupiya will enable transport industry by providing state-of-the-art e-ticketing and online booking to commuters and further…
Islamabad, July 01, 2019: Pakistan is due to begin receiving oil supplies on deferred payments from the Kingdom of Saudi Arabia at the start of the new fiscal year. Pakistan will start receiving monthly oil supplies worth $ 275 million from Saudi Arabia with the effect of July 1, 2019. These supplies will continue over…