Finance

The cost of Diamer-Bhasha Dam rises to Rs 1.05 trillion due to design revisions and security measures – Trendy Blogger

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The cost of Diamer-Bhasha Dam rises to Rs 1.05 trillion due to design revisions and security measures – Trendy Blogger

The cost of the Diamerpasa Dam project increased by 119.21%, rising from Rp479 billion to Rp1.05 trillion, due to revised design standards, enhanced security measures, and exchange rate fluctuations. Water Resources Minister Musadiq Malik revealed these numbers in a written response during the National Assembly session. The Minister explained that the design reviews were based … Read more

The French Ambassador raises the concerns of electricity companies with the Minister of Energy – Trendy Blogger

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The French Ambassador raises the concerns of electricity companies with the Minister of Energy – Trendy Blogger

French Ambassador to Pakistan Nicolas Jalli met with Energy Minister Owais Leghari to discuss the challenges faced by French independent energy producers operating in Pakistan. The meeting comes in the wake of the commitment made by Prime Minister Shehbaz Sharif to French President Emmanuel Macron during their bilateral meeting in Riyadh last month. The challenges … Read more

ECC re-approves warehousing and logistics as an industry – Trendy Blogger

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ECC re-approves warehousing and logistics as an industry – Trendy Blogger

The Economic Coordination Committee of the Cabinet approved the declaration of warehousing and logistics as an industry. The Election Commission directed the Ministry of Industry and Production to inform the decision. On 6 January 2025, the Division of Industries and Production informed the Engineering Contracting Committee that the Committee had previously approved the proposal on … Read more

The PTA and the Ministry of Commerce sign a memorandum of understanding to enhance the digital ecosystem – Trendy Blogger

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The PTA and the Ministry of Commerce sign a memorandum of understanding to enhance the digital ecosystem – Trendy Blogger

Islamabad: Pakistan Telecommunication Authority (PTA) and Ministry of Commerce (MoC) signed a historic Memorandum of Understanding at PTA headquarters to enhance cooperation in developing Pakistan’s digital ecosystem and enabling trade through technological innovation. The MoU stipulates key areas of cooperation, including e-commerce, cybersecurity and cloud computing, with a focus on knowledge exchange, capacity building and … Read more

More than 33,500 tax cases worth Rs. 4.7 trillion is still pending in the courts – Trendy Blogger

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More than 33,500 tax cases worth Rs. 4.7 trillion is still pending in the courts – Trendy Blogger

Islamabad: More than 3,522 tax related cases worth Rs. 4.7 trillion remains unresolved in courts and tribunals across the country. This came during a review meeting chaired by Prime Minister Shehbaz Sharif in Islamabad today. The Prime Minister ordered immediate action in these cases. He directed the Federal Board of Revenue (FBR) to employ reputable … Read more

CEO Jazz joins the VEON Group Executive Committee – Trendy Blogger

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CEO Jazz joins the VEON Group Executive Committee – Trendy Blogger

Amer Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, has joined the Group Executive Committee (GEC) of VEON in addition to his existing responsibilities of heading all VEON businesses in Pakistan. His appointment to GEC strengthens VEON’s strategic alignment with its markets. VEON, the largest Nasdaq-listed company headquartered in Dubai, is a global … Read more

China accuses PVH Corp of inappropriate behavior in Xinjiang – Trendy Blogger

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China accuses PVH Corp of inappropriate behavior in Xinjiang – Trendy Blogger

Preliminary findings from China’s Ministry of Commerce allege that PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, has engaged in inappropriate behavior related to the Xinjiang region. The ministry did not provide further details in its statement issued Thursday. The ministry announced plans to summon PVH for discussions in the near future. … Read more

Six Chinese companies face an EU complaint over data transfer – Trendy Blogger

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Six Chinese companies face an EU complaint over data transfer – Trendy Blogger

Austrian advocacy group Noyb filed a privacy complaint on Thursday against six Chinese companies, including TikTok, Shein and Xiaomi, alleging they are illegally sending EU user data to China. The group is seeking to impose fines of up to 4% of each company’s global revenue, and has filed six complaints in four European countries to … Read more

Chinese social media app RedNote attracts 700,000 American “Tik Tok refugees.” – Trendy Blogger

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Chinese social media app RedNote attracts 700,000 American “Tik Tok refugees.” – Trendy Blogger

Chinese social media app RedNote, known locally as Xiaohongshu, has seen an influx of more than 700,000 US users, driven by looming TikTok restrictions in the US due to national security concerns. Many Chinese users welcomed “TikTok refugees” with selfies and messages on Wednesday, while Beijing encouraged stronger cultural ties through such exchanges. RedNote, which … Read more

A Saudi minister says the development fund may invest more than $100 million in mining infrastructure in Pakistan – Trendy Blogger

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A Saudi minister says the development fund may invest more than 0 million in mining infrastructure in Pakistan – Trendy Blogger

Saudi Mining Minister Bandar Al-Khorayef said that the mining company Manara Metals is considering investing in the Pakistani Reko Diq mine. The Saudi Development Fund (SDF) can contribute more than $100 million to mining infrastructure in Pakistan. “Part of what we are looking at is how we can also help Pakistan with some infrastructure,” Al … Read more