OGRA notifies LPG price hike for November By: Agencies on November 1, 2024The government has announced an increase in liquefied petroleum gas (LPG) prices, issuing a notification to that effect, reported Express News on Thursday. The Oil and Gas Regulatory Authority (OGRA) released the new pricing notification for November, indicating a rise of Rs2.88 per kilogram in LPG prices. As a result of this increase, the cost […]
Bilateral trade with Pakistan far below potential, says Uzbek minister By: APP on November 1, 2024Minister for Investment, Industry and Trade of the Republic of Uzbekistan, Laziz Kudratov has said that the current trade volume of $311.1 million between Pakistan and Uzbekistan is far below its potential which needs to be increased. The volume of mutual trade from January to September of this year reached US$311.1 million, reflecting a 9.8% […]
Planning minister reviews progress on CPEC projects By: APP on November 1, 2024Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal chaired a high-level meeting here on Thursday to review the progress of ongoing projects under the China-Pakistan Economic Corridor (CPEC). The meeting was attended by Secretary of Planning, Awais Manzoor Sumra, Joint Chief Economist Operations Zafar-ul-Hassan, and other senior officials from the Ministry, according to […]
Mobile phone imports decrease by over 18pc in 3 months By: APP on November 1, 2024The import of mobile phones into the country has witnessed a decrease of 18.93 percent during the first three months of the current fiscal year (2024-25) as compared to the corresponding months of last year. Pakistan imported mobile phones worth US $ 246.472 million during July-September (2024-25) as compared to the imports of US $ […]
Economy to go forward with sustainable recovery: report By: APP on November 1, 2024In the wake of positive developments, the country’s economy will continue to observe sustainable recovery in the coming months as it has demonstrated sustained recovery during the first quarter of Fiscal Year 2024-25, the finance ministry said in a report released here Wednesday. According to the monthly Economic Update and Outlook for October 2024, the […]
Export of footwear increases 9.58% in Jul-Sep By: APP on November 1, 2024The export of footwear from the country witnessed an increase of 9.58 percent during the first three months of the current fiscal year (2024-25) as compared to the exports of the corresponding months of last year. The country exported footwear worth US$ 45.136 million during July-September 2024-25 as opposed to the export of US$ 41.192 […]
HUBCO posts Rs20.3bn profit in 1QFY25 By: News Desk on November 1, 2024Despite lower revenue, Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit increase by nearly 11% to Rs20.31 billion in the quarter that ended September 30, 2024. On a consolidated basis, the company registered a profit of Rs18.32 billion in the same period of the previous year, according to a […]
Textile Park under CPEC to help enhance exports By: inp on November 1, 2024Pakistan’s textile exports surged to a 26-month high of USD 1.64 billion in August, up 13% from the same period last year. China’s decision to establish a textile industrial park under the CPEC was contributing to enhance the export, according to a report published by Gwadar Pro on Wednesday. The growth was also attributed to […]
Chinese wind power project ranks amongst top 10 globally By: inp on November 1, 2024Chinese Wind Power Project Cluster in Pakistan has been recognized as one of the top 10 “International Green Energy Pioneer Projects” in the 2024 Green Development Annual Tribute Awards. Developed by PowerChina, this cluster includes 12 wind projects with 290 turbines. Providing 2 billion kWh of electricity annually to Pakistan’s grid, it supports local sustainable […]
SECP engages to advance ‘Insured Pakistan’ initiative By: APP on November 1, 2024After Balochistan and KPK, the Securities and Exchange Commission of Pakistan (SECP), as part of its five-years strategic plan– Journey to an Insured Pakistan, concluded first round of its provincial outreach in Punjab and Sindh. High-level meetings were held with Excise and Taxation, Transport and Mass Transit, and Labour and Human Resource Department in Sindh. […]