Karachi, February 28, 2024 – Pakistani businessmen are being urged to capitalize on the Developing Countries Trading Scheme (DCTS) recently introduced by the UK.
(more…)Category: Pakistan
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MCB Bank Anticipates 3% Cut in Policy Rate During CY24
Karachi, February 28, 2024 – In a recent corporate briefing, MCB Bank has set its sights on a potential reduction of up to 3 percent in the existing policy rate of 22 percent during the current calendar year, according to insights provided by analysts at Arif Habib Limited.
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First-Ever Air Taxi Launched in Sindh, Pakistan
Islamabad, February 28, 2024 – Sky Wings, a private flying academy, has made aviation history by launching the first-ever air taxi in Pakistan.
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Govt’s Bank Borrowing Exceeds Rs 4 Trillion by Mid-February
Karachi, February 28, 2024 – Alarming figures released by the State Bank of Pakistan (SBP) reveal that the government’s bank borrowing has surged beyond Rs 4 trillion by mid-February of the current fiscal year.
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Pakistan May Increase Petroleum Prices Starting March 1, 2024
Karachi, February 28, 2024 – In the wake of economic dynamics, Pakistan is gearing up for a potential increase in petroleum product prices, with speculations pointing towards adjustments set to take effect from March 1, 2024.
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Pakistan Bans Vehicle Purchases Under Austerity Measures
Islamabad, February 28, 2024 – In a bid to ensure prudent utilization of public funds, Pakistan has announced a series of austerity measures for the fiscal year 2023-24.
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Khyber Pakhtunkhwa Braces for Heavy Rains from Feb 29
Islamabad, February 27, 2024 – The Provincial Disaster Management Authority (PDMA) of Khyber Pakhtunkhwa issued a comprehensive alert on Tuesday, warning residents and officials of the province to prepare for widespread heavy torrential rains, snowfall, windstorms, thunderstorms, and isolated hailstorms expected to hit the region from February 29 to March 2.
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OGDCL Reports Robust 30% Profit Growth in 1HFY24
Karachi, February 27, 2024 – The Oil and Development Company Limited (OGDCL) has delivered an impressive financial performance, announcing a significant 30% growth in net profit for the first half of fiscal year 2023-24.
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NEPRA Approves Significant Increase in Electricity Tariff
Islamabad, February 26, 2024 – In a recent development, the National Electric Power Regulatory Authority (NEPRA) has officially announced a National Average Uniform increase of Rs 7.0562 per unit in Fuel Charges Adjustment (FCA) for Distribution Companies (DISCOs) for the month of January 2024.
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Bank Deposits Reach Rs 27.54 Trillion, Marking 21% YoY Growth
Karachi, February 26, 2024 – The State Bank of Pakistan (SBP) reported a significant surge in bank deposits, reaching a staggering Rs 27.54 trillion by the end of January 2024, marking a substantial 21% year-on-year growth.
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