Karachi – Pakistan’s total debt surged to Rs 69.6 trillion at the end of July 2024, reflecting increased borrowing from domestic and international sources to cover the country’s fiscal deficit.
(more…)Category: Pakistan
-
Pakistan Likely to Cut Petroleum Prices for Third Straight Fortnight
ISLAMABAD: In a bid to provide relief to consumers amidst fluctuating international oil markets, Pakistan is expected to announce a reduction in petroleum prices for the third consecutive fortnight, effective September 1, 2024.
(more…) -
PM Shehbaz Sets One-Month Deadline for Implementing E-Office
Islamabad, August 25, 2024 – Prime Minister Shehbaz Sharif on Sunday directed the Ministry of Information Technology and other relevant departments to implement the e-office system across all government offices within a month.
(more…) -
Nation Celebrates 77th Independence Day with Renewed Resolve
Islamabad, Pakistan – The nation of Pakistan is commemorating its 77th Independence Day today, August 14, 2024, with profound patriotism and a reinvigorated dedication to the principles of the Pakistan Movement.
(more…) -
Pakistan to Gain from 800 Global Investments: Minister
Karachi, August 12, 2024: In a significant boost to international economic presence of Pakistan, Federal Minister for Commerce Jam Kamal Khan announced on Sunday that 800 companies from 70 countries are set to invest in the country. This influx is anticipated to enhance Pakistan’s stature in global markets, according to a press release issued by the ministry.
(more…) -
Huawei Launches ICT Training for 300,000 Pakistani Students
Islamabad, August 9, 2024 – In a significant stride towards Pakistan’s digital future, Huawei, under the dynamic leadership of Prime Minister Muhammad Shehbaz Sharif, has launched an ambitious training program aimed at empowering 300,000 students across the country.
(more…) -
SBP Declares Bank Holiday on August 14, 2024
Karachi, August 8, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Wednesday, August 14, 2024, in observance of Pakistan’s Independence Day.
(more…) -
FBR Reduces FED on Air Tickets to Rs 5,000 for Labour Visa
Karachi, August 7, 2024 – The Federal Board of Revenue (FBR) has announced a reduction in the Federal Excise Duty (FED) on air tickets for passengers holding labour visas. Effective immediately, the FED on such tickets will be reduced to a fixed rate of Rs 5,000 per ticket, a substantial relief for those embarking on international journeys from Pakistan to Gulf Cooperation Council (GCC) countries.
(more…) -
OGDCL Announces Major Gas Discovery in Pakistan
Karachi, August 6, 2024 – The Oil and Gas Development Company Limited (OGDCL), a prominent player in Pakistan’s energy sector, has announced a significant new gas discovery in the country.
(more…) -
Pakistan Registers 11.1% Increase in July Headline Inflation
Islamabad, August 1, 2024 – Headline inflation in Pakistan rose by 11.1% in July 2024, according to the Pakistan Bureau of Statistics (PBS). This increase, based on the Consumer Price Index (CPI), highlights a significant economic challenge as the country navigates its fiscal and monetary policies.
(more…)