$1.25 million order for the first batch of mobile phones to be exported. EDB is engaged in the localisation of solar panels. Pakistan’s demand for solar energy was expected to be approximately 4 GW in 2022. 97 percent of the mobile phones used by Pakistanis are made domestically, according to Almas Haider, Chairman of the … Read more
China’s banking regulator has collaborated with the finance ministry and central bank to speed up the issuing of special local government bonds. Small and medium-sized banks sold 394.3 billion yuan ($58.4 billion) worth of non-performing loans from January to May. According to China Banking and Insurance News, China’s banking regulator has collaborated with the finance … Read more
Vice President of Ukraine’s Presidential Office The Fast Recovery Plan for Ukraine was presented by Kyrylo Tymoshenko at the Council of Europe’s Congress of Local and Regional Authorities. Its main focus is to renovate the critically needed social infrastructure as soon as possible – as soon as today, – so that our people can return … Read more
Following the catastrophe that local films suffered when their screening slots were given to Doctor Strange in the Multiverse of Madness, a major development in the matter has been reported by Dawn Images (by Mohammad Kamran Jawaid) in favour of the filmmakers participating in local releases. The Sindh High Court has ruled that local films … Read more
KARACHI: The Pakistani rupee plunged to an all-time low of Rs198.39 on Wednesday, losing Rs2.65 owing to deteriorating indicators at the macroeconomic fronts coupled with the uncertainty regarding the talks with the International Monetary Fund (IMF). The local unit fell Rs2.65 to close at Rs198.39 to the dollar from Tuesday’s closing of Rs195.74 in the … Read more
KABUL: The Taliban struck several journalists to prevent media coverage of a women’s rights protest in Kabul on Thursday. A group of about 20 women marched from near the ministry of education to the ministry of finance in the Afghan capital. Wearing colourful headscarves they chanted slogans including: “Don’t politicise education”, as traffic drove by … Read more
After Amazon, Facebook has now created opportunities for Pakistanis running online businesses to flourish with its initiative. “I am happy to see that after Amazon, Facebook has recently launched Marketplace for Pakistan,” Adviser to the PM on Commerce Razak Dawood wrote on Twitter. “It will encourage small entrepreneurs to sell online; such opportunities during Covid-19 … Read more
KARACHI: A strict lockdown imposed by the Sindh government may discourage import payments and ease pressure on the rupee. The Sindh government imposed a stringent lockdown to prevent the spread of the coronavirus from July 31, 2021. The restrictions may partially halt commercial and industrial activities in the province, especially in the port city of … Read more
Xiaomi is planning to establish its manufacturing unit in pakistan in the next 3-4 months. The company came up with this strategy after Realme, another Chinese smartphone manufacturer, announced setting up its smartphone manufacturing plant in Lahore. As a result, there were massive price cuts in the country, especially for for Realme C21. If Xiaomi … Read more
Mexican Police Chief Killed: While driving to Mexico’s northwestern Sinaloa state capital, Culiacán, police chief Joel Ernesto Soto has been killed. Gunmen had fired some 200 bullets at the car, said local police. The convoy of the same police chief was attacked near the city of Mazatlan some three weeks ago which Soto survived. The … Read more
FPCCI President Mian Anjum Nisar says local currency under pressure due to falling foreign reserves, rising outflows amid debt repayments. The Federation of Pakistan Chambers of Commerce and Industry president Mian Anjum Nisar has urged the government to control surge of dollar against Pakistani currency, as the rupee has dropped to more than two-month low of … Read more
The Honey Processing and Packaging Center set up in Swat has enabled the country to export prime quality Honey at competitive prices in the open global markets. It was observed at a projects review meeting of SMEDA held today in chair with Mr. Fuad Hashim Rabbani, Acting Chief Executive Officer of SMEDA. Addressing the meeting, … Read more
