Browsing: Economy

India hosting the 2023 ICC Cricket World Cup is likely to boost the nation’s economy as large groups of cricket enthusiasts are traveling to India.

You must have read innumerable opinions about the potential or effects of AI. There is sincere worry among experts and decision-makers.

Pakistan hopes to reach a staff-level deal with the IMF within the next week after completing all significant earlier activities.

Saudi Arabia funds a $1 billion deal for oil delivery, and the UAE approves $3 billion in aid. The economy is slumping, and bank reserves are declining.

APTMA declared a nationwide shutdown of textile mills beginning on Saturday. This loss the textile industry suffered is due to floods all across Pakistan.

Import bans on mobile phones and knocked-down autos have been overturned. The Minister believes the change would save $500 million per month.

Habib University Karachi invited Professor Noam Chomsky to be a part of their 6th Yoshin Lecture session on Monday, 7th December 2020.

The government fires 4,500 PSM employees, after an emergency meeting chaired by the Pakistan Steel Mill chief executive officer at the CEO Secretariat on Friday.

To improve bilateral trade relations, and the economic growth of Pakistan; several Turkish firms are interested in setting up industrial units in Pakistan.

The first batch of Pakistani cherries is expected to leave for China, said Li Wei, business representative of Huazhilong International Trading Private Ltd.

The Asian Development Bank has decided to provide Pakistan with $10 billion over the next 5 years for its economic recovery and development.

The country’s current account recorded a surplus of $792 million in the first quarter of the ongoing fiscal year 2020-21, PM announced.

Focusing on two major sectors, education and workplace, this article summarizes the widespread gender bias that is predominant in these sectors.

Akon, best known in Pakistan for his single Smack That and Chammak Challo, has revealed in the past about his plans for a “real life Wakanda” city. He is now continuing his work to get the $6 billion for his Akon City in Senegal, Africa. 

Now, the same happened with BRT Peshawar.

The effort being made by AMPAK to further this cause is commendable.

On August 3, the World Bank announced Najy Benhassine as the new country director for Pakistan. He will be following Illango Patchamuthu. 

CM Buzdar mentioned that projects like the Allama Iqbal Industrial City will help Punjab recover from the COVID-19 economic impact.

oil exports dropped to 100,000-200,000 BPD

The Sindh Government has announced that they have started work on the “pro-poor initiatives” that were allocated Rs 34.2 billion in the 2020-2021 budget.

PSX has launched a fund to support families of the security personnel who were martyred and injured while protecting the stock exchange.

Yamaha has decided to increase its bike prices by Rs 5000 to 6000 due to increased cost of production and rupee depreciation.

PM Imran Khan stated that by developing the gem and mineral sectors, employability of the youth will increase in Pakistan, along with the exports. 

The bills, that the Karachiites received for June were more than bearable.

The causes cited for this rise in the gold prices are said to be the rise in domestic prices, and the latest depreciation of Pakistani Rupee against the US Dollar. 

The Torkham, Chaman and Ghulam Khan terminals will be opened along the Pak-Afghan border for 24 hours, 6 days a week from June 22 onwards. 

SAPM for Overseas Pakistanis & HRD Zulfi Bukhari announced that the government has launched a portal for unemployed overseas Pakistanis.

Pakistan has begun the process to register the goods seller in the country on Amazon, and so far have sent a list of 38 exporters for the registration.

While presenting the budget for Sindh for 2020-2021, CM Shah stated that that the budget of education sector had been increased to Rs 244.5 billion.

One industry suffering due to COVID-19 in Pakistan is the Automobile Sector, which wants the government to slash taxes in the Finance Bill 2020. 

The PSDP budget for the financial year 2020 to 2021 was set at Rs 650 billion, including the Rs 72.5 billion foreign assistance.

Reportedly due to COVID-19 pandemic, the Taftan border is opening only for 3 days a week, leading to the many mangoes that are lined up outside of Iran to rot.

Businesses are closed, people aren’t working and ..

PM Khan announced that the fuel prices that were set for June 2020 were the cheapest in South Asia. However, are petrol pumps selling fuel at those prices?

Pakistan’s unemployment rate is at 8.53% at the 2019-2020. The economic growth goal for 2020-2021 is set at 2.3% – equal to population growth rate.

PM Imran Khan announced that the restrictions on the tourism industry will be lifted. He also gave the go-ahead to all overseas Pakistanis to return home.

PIA announced their financial report for the year 2019 – this is the first time the airlines has been able to generate gross profit in the past eight years.

On May 18, the gold price for one tola to Rs 97,000 in Pakistan, making it the highest gold price has gone in Pakistan since 2012.

The oil price crash means that oil suppliers are practically paying the buyers into taking oil from them, as the demand has dampened due to the COVID-19 pandemic and lock downs across the world, including Pakistan.

Together, Naya Jeevan and SWVL have co-developed a purpose-built insurance plan, including a technology-enabled, health & well being intervention powered by doctHERs.