QAU team building smart licensing model for Islamabad on December 3, 2023Zaman Research Centre, from Quaid-i-Azam University (QAU) is designing a Smart Licensing Model for Islamabad. Led by Professor Dr. Muhammad Zaman, founding chairman of School of Sociology, says that t is a contribution of smart technologies in road safety that may reduce the road crashes and increase smart surveillance Pakistan. The salient features of this […]
NAB launches probe against Pervez Elahi on June 10, 2023National Accountability Bureau has started an Inquiry against former Chief Minister Punjab Parvez Elahi his son Moonis Elahi and former Provincial minister Ali Afzal Sahi for allegedly taking kickbacks of Rs1.25 billion in development projects in Gujrat and Mandi Bhaudin. It has been learnt through sources that an Inquiry has been initiated against above said […]
SBP to present monetary policy today on August 22, 2022The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday to discuss monetary policy. The committee raised the benchmark policy rate by 125 basis points (bps) to 15pc during the latest monetary policy meeting in July 2022. Furthermore, it tied the interest rates of the Export Finance Scheme (EFS) […]
Weekly Stocks Review: Range-bound stocks increase modestly on August 22, 2022The KSE-100 index, a key measure of performance on the Pakistan Stock Exchange, saw choppy trading this week, moving both up and down in response to various encouraging and depressing developments, before ultimately finishing the week in the black. Investors kept their faith in the imminent return of the IMF credit programme. The bears, however, […]
Pakistan’s budget deficit soars to Rs5.3t in FY21-22 on August 21, 2022Pakistan’s budget deficit soared to Rs5.3t (7.9pc of GDP) in the previous fiscal year, owing mostly to the large subsidy given by the previous administration on oil goods and power. The country’s budget deficit soared to Rs5.3t in 2021-22. For the current fiscal year, the government of Pakistan has set a budget deficit target of […]
Govt imposes 100pc fine on release of imported items on August 21, 2022Pakistan formally authorised the relaxation of an import ban on all sorts of commodities on Friday, but slapped up to 100pc fines on items that arrived at ports before the end of July despite restrictions, removing an irritant in trade relations with the European Union and other nations. The cabinet’s Economic Coordination Committee (ECC) made […]
KSE-100 index loses 210.85 points on August 20, 2022Range-bound trading resulted in a loss of 0.48pc for the benchmark index of the Pakistan Stock Exchange (PSX), as both the volume and value of shares traded fell from the previous day. The day’s trading session ended with the benchmark index 248 points lower at 43,232, continuing a trend that began at the opening bell. […]
Jameel Ahmed appointed SBP’s new governor on August 20, 2022Jameel Ahmad was given the position of governor of the State Bank of Pakistan (SBP), succeeding Dr. Murtaza Syed, who had been serving in the capacity of acting chief up until that moment. Jameel Ahmad took over the role from Dr. Murtaza Syed. A confirmation of Ahmad’s new post came in the form of a […]
18th P@SHA ICT Awards to recognize diverse capabilities: minister on August 19, 2022Federal Minister for IT & Telecommunication Syed Amin Ul Haque has acknowledged the fact that Annual ICT Awards have been playing a strong, catalytic role in driving innovation and growth for the past 17 years by recognizing youth leaders in the industry. He further added that the IT industry, spearheaded by Pakistan Software Houses Association […]
FPCCI chief wants swift oil price relief, rupee appreciation on August 18, 2022President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has called for the full transfer of the recent appreciation of the Pakistani Rupee and the subsequent decrease in oil costs to be passed on to consumers as soon as possible. He continued by saying that this was the only […]