Suhaib Ahmed – BOL News Staging

Chinese investors in Pakistan provided 7 trucks of relief materials worth millions of rupees

September 14, 2022 by Suhaib Ahmed

Chinese Consul General Zhao Shiren handed over seven trucks of relief materials worth millions of rupees. The Chinese government has also provided the Pakistan government with Rs13.20 billion in help. Products include mosquito nets, ready-to-eat products, mineral water, garments, tents, and medications. Panda Industries Association, a Chinese investor organisation in Pakistan, has provided seven trucks … Read more

High energy costs and stalled tax refunds have influence on leather industry

September 14, 2022 by Suhaib Ahmed

Pakistan’s leather industry accounts for 5.4% of total export earnings and 5% of GDP. 95% of the products produced by the leather industry are exported. Pakistan has to beat its neighbors in all terms to grab a major share in the international export market. The export of leather and leather products reached USD944.707 million in … Read more

Tea cultivation on commercial scale will assist Pakistan in reducing its imports

September 14, 2022 by Suhaib Ahmed

Tea is a big import that costs Pakistan a lot of money every year. Every year, around 250 million kgs of tea are imported, costing the exchequer nearly $600 million. Pakistan currently has 158,000 acres of potential area for tea planting. Tea is a big import that costs Pakistan a lot of money every year. … Read more

Dr. Roberto Neccia stated that Italy and Pakistan’s bilateral commerce of €1.5bn was far below their actual potential

September 14, 2022 by Suhaib Ahmed

Italy and Pakistan’s bilateral commerce of €1.5 billion was far below their actual potential. Italy has 5 million family-owned SMEs, and that close collaboration between the two nations’ SMEs will be beneficial in terms of promoting bilateral commercial partnerships. He stated that Italy will support Pakistan’s request to renew the EU’s GSP plus concession. Dr. … Read more

Lowari Tunnel Project cost risen from Rs 7.98bn in 2004 to Rs 46.04bn in 2022

September 14, 2022 by Suhaib Ahmed

The cost of the Lowari Tunnel Project has risen to Rs 46 billion, a 475 percent increase above the original PC-I cost approved in 2004. The project’s execution span is 19 years and 2 months (230 months), beginning in 2005 and ending in October 2024. The cost of the Lowari Tunnel Project has risen to … Read more

Asian markets opened lower, mirroring losses in US and Europe

September 14, 2022 by Suhaib Ahmed

Asian markets opened lower on Wednesday, mirroring losses in the US and Europe. Traders reacted unfavourably to higher-than-expected US inflation data, stoking concerns about a prolonged era of interest rate hikes. Annual inflation in the United States reached a 40-year high of 9.1 percent in June. Asian markets opened lower on Wednesday, mirroring losses in … Read more

SECP recommended broadening scope of REITs assets in Pakistan

September 14, 2022 by Suhaib Ahmed

The SECP has recommended broadening the scope of REITs assets in Pakistan. The proposed regulatory changes aim to introduce new REIT products and make it easier for RMCs to launch various REIT schemes. The Securities and Exchange Commission of Pakistan (SECP) has recommended broadening the scope of Real Estate Investment Trusts (REITs) assets in Pakistan, … Read more

President Dr. Arif Alvi underlined importance of farmer-friendly crop insurance scheme to safeguard farmers

September 13, 2022 by Suhaib Ahmed

President Arif Alvi underlined the importance of a farmer-friendly crop insurance scheme. He asked insurance companies to target farmers with land holdings of 12.5 acres or less. A total of 1.48 million farmers from 27 districts in Punjab were insured through a World Bank loan-based pilot programme. President Dr. Arif Alvi has underlined the importance … Read more

President Dr. Arif Alvi stated that Pakistan must adopt latest technology to boost agricultural productivity

September 13, 2022 by Suhaib Ahmed

President Dr. Arif Alvi spoke at the Youth Forum of Kazakhstan, Turkey, and Pakistan on Biotechnology. He stated that we must work on food security while keeping climate change in mind. According to him, Pakistan’s food grain production is half that of other countries. President Dr. Arif Alvi has stated that Pakistan must adopt the … Read more

Vivo Y15C price in Pakistan & full specs

September 13, 2022 by Suhaib Ahmed

Vivo’s smart technology Y15C will be available on the market soon. The smartphone manufacturer Vivo has launched a new Y-series smartphone. The smartphone is powered by a Mediatek MT6765 Helio P35 (12nm) chipset, and the chipset of the company’s upcoming smartphone also has a powerful one in Vivo’s Y15C that will offer outstanding performance to … Read more

Tecno Camon 19 Neo price in Pakistan & full specs

September 13, 2022 by Suhaib Ahmed

Tecno is working on a Camon 19 with the name Neo at the end. The Camon series of smartphones is getting a new addition. The newcomer will be a low-cost phone called the Tecno Camon 19 Neo. The smartphone has a MediaTek Helio G85 chipset, which is the most powerful chipset, and there is an … Read more

Vivo Y55 price in Pakistan & full specs

September 13, 2022 by Suhaib Ahmed

Vivo has released the Y55 smart phone to the market. The smartphone manufacturer Vivo has unveiled a new Y-series gadget. The next smartphone is a mid-ranger that was quietly unveiled in Taiwan. The newcomer will be known as the Vivo Y55. The smartphone will be powered by Qualcomm Snapdragon 680 4G, one of the most … Read more

Realme 9 price in Pakistan & full specs

September 13, 2022 by Suhaib Ahmed

Realme, a Chinese smartphone manufacturer, has unveiled the 9 series. Realme is developing two new smartphones in its all-new 9-series. Realme has officially acknowledged the introduction of these smartphones, and there have been a few leaks of the upcoming Realme 9 smartphone. The Qualcomm Snapdragon 680 chipset will power the upcoming smartphone; this is a … Read more

Infinix Note 12 VIP price in Pakistan & full specs

September 13, 2022 by Suhaib Ahmed

Infinix is launching a new Note 12 smartphone, dubbed the VIP at the end. The Chinese business is developing a new handset that will be affordable. The newcomer will be a Note-series smartphone with an unnamed name. This smartphone will be powered by one of the most recent chipsets available for smartphones, the MediaTek MT6781 … Read more

Samsung Galaxy A33 Price in Pakistan & full specs

September 13, 2022 by Suhaib Ahmed

Samsung will soon release the Galaxy A33 smartphone to the market. Samsung is developing a 5G inexpensive smartphone that will be both cheaper and more powerful. There is no information available regarding this future smartphone or its release date. The new model will be known as the Samsung Galaxy A33. The smartphone contains an Exynos … Read more

Canada offered financial assistance in infrastructure, energy, and agriculture after flood devastation in Pakistan

September 25, 2022September 13, 2022 by Suhaib Ahmed

Canada has offered financial assistance in infrastructure, energy, and agriculture, subject to a need assessment. Minister for Economic Affairs claimed that Pakistan contributes less than 1% of the global greenhouse gas emissions yet is suffering more due to climate change. So far, the Pakistani government has distributed PKR 70 billion under the BISP to families … Read more

President Dr. Arif Alvi urges increased investment in mining and minerals sector

September 13, 2022 by Suhaib Ahmed

President Arif Alvi emphasised the importance of tight coordination between the federal and provincial governments. He made remarks while speaking at a conference for stakeholders involved in mining exploration in Pakistan. President Dr. Arif Alvi has emphasised the importance of tight, meaningful, and successful coordination between the federal and provincial governments, local authorities, and the … Read more

PSX adds 139 points after a range-bound session

September 13, 2022 by Suhaib Ahmed

Pakistan bourse remains positive over renewed sentiments

KARACHI: The Pakistan equity market remained in a green zone throughout the day on Tuesday to successfully manage to close above the psychological barrier of 42,000. An analyst at Pearl Securities said that activities were seen in the banking and cement sectors which cumulatively added 123 points to the index. “The banking deposits have shown … Read more

Asia Cup left many questions for Pakistan team

September 13, 2022 by Suhaib Ahmed

With the performance of one or two players, the team can win one or two matches, and when it’s a good day, Naseem Shah’s sixes can also cover the flaws of the top and middle order, but such opportunities do not come often. But when the same mistakes are repeated every time the opponent takes … Read more

Pakistan Army, district authorities created barrier around the Dadu Grid Station to save it from flooding

September 13, 2022 by Suhaib Ahmed

The Pakistan Army and Dadu district authorities created a barrier around the Dadu Grid Station on Monday to protect it from floods, according to sources. Floods caused by a record monsoon and glacier melt in Pakistan’s north have affected 33 million people and killed at least 1,391. The Pakistan Army and Dadu district authorities created … Read more

Total number of firms registered in Pakistan would reach 176,329 by end of August 2022

September 12, 2022 by Suhaib Ahmed

The total number of firms registered in Pakistan would reach 176,329 by the end of August 2022. This shows an increase of 16 percent as compared to corresponding period last year. The total capitalization (paid-up capital) of newly incorporated firms for the current month was Rs4.9 billion. According to an official announcement made on Monday, … Read more

PM Shehbaz Sharif says Pakistan values its long-standing constructive relations with France

September 12, 2022 by Suhaib Ahmed

Pakistan values its long-standing constructive relations with France, both bilaterally and within the context of the European Union. Prime Minister Shehbaz Sharif underlined Pakistan’s commitment to strengthening ties with France. He expressed Pakistan’s eagerness to continue engaging with France in order to strengthen mutually beneficial relations. According to Prime Minister Muhammad Shehbaz Sharif, Pakistan values … Read more

IRC warns of economic losses that would lead to food insecurity and increase in violence against women

September 12, 2022 by Suhaib Ahmed

The IRC warns of economic losses that would likely lead to food insecurity and an increase in violence against women. Pakistan is now expected to suffer an economic loss of $12.5 billion as a result of flooding, with inflation expected to hit a record high of 30%. People are in desperate need of food, drinking … Read more

We expect Pak-China trade to double in next 3 to 5 years, says Moin ul Haque

September 12, 2022 by Suhaib Ahmed

The 6-day China International Trade in Services Fair (CIFTIS) was successfully held in Beijing. It saw the active participation of Pakistani officials, experts, traders, and others. The ambassador pinpointed, “Our cooperation in trade in services is currently a weak area”. Moin ul Haque, Pakistan’s Ambassador to China, stated, “Last year, Pak-China trade volume hit a … Read more

PIDE predicts that indigenous oil reserves would be depleted by 2025

September 12, 2022 by Suhaib Ahmed

The Oil and Gas Regulatory Authority (OGRA) remained captive to government decisions. The OGRA statute provides for too much mandatory government involvement in the current oil and gas regulatory structure, rendering the regulator weak. According to PIDE data, 78 percent of Pakistani households do not have access to natural gas. According to the Pakistan Institute … Read more

FBR clarified misinformation about money declaration obligations

September 12, 2022 by Suhaib Ahmed

Some sections of the press have generated the false impression that Pakistan has introduced currency declaration rules for passengers entering the country, which is not the case. The required requirement for travellers entering Pakistan and bringing currency and/or negotiable instruments was notified by the SBP more than ten years ago. On Sunday, the Federal Board … Read more

Pakistan will participate in 19th China-ASEAN Expo and China-ASEAN Business and Investment Summit

September 12, 2022 by Suhaib Ahmed

Pakistan will participate in the 19th China-ASEAN Expo and Business and Investment Summit. The event will be held in Nanning, China’s capital of the Guangxi Zhuang autonomous region. The activities will highlight the new successes and highlights of the two sides’ economic and trade cooperation. Pakistan will participate in the 19th China-ASEAN Expo and China-ASEAN … Read more

CPEC so far completed 27 projects totaling $19 bn, with 63 more projects worth $35.2 bn to be completed by 2030

September 12, 2022 by Suhaib Ahmed

The CPEC has so far completed 27 projects totaling $19 billion, with 63 more projects worth $35.2 billion slated to be completed by 2030. Three $200 million projects have already been constructed in Gwadar and two $230 million projects are set for completion. The China-Pakistan Economic Corridor (CPEC) has so far completed 27 projects totaling … Read more

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