Finance

Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

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Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more

SBP: US, China and UK remain top three destinations for Pakistani exports – Trendy Blogger

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SBP: US, China and UK remain top three destinations for Pakistani exports – Trendy Blogger

The United States remained the top destination for exports of Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom. Total exports to the United States during this period recorded $2,512.809 million compared to $2,299.165 million last year, showing an increase of 9.29 percent, according to … Read more

Pakistan Railways has rejected Hashoo Group’s offer to buy out the management of Royal Palm Golf and Country Club – Trendy Blogger

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Pakistan Railways has rejected Hashoo Group’s offer to buy out the management of Royal Palm Golf and Country Club – Trendy Blogger

Pakistan Railways has rejected the offer made by a consortium led by Pakistan Services Limited (PSL) – Hashoo Group, in partnership with Golfscape LDA Portugal, Platinum Construction Limited and Warm Waters Advisory Pakistan, to manage the prestigious Royal Palm Golf and Country Course. club. The decision, officially announced by Pakistan Railways, marks an important development … Read more

The National Task Force develops a roadmap for AI-powered sector transformation and national development – Trendy Blogger

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The National Task Force develops a roadmap for AI-powered sector transformation and national development – Trendy Blogger

Minister of Planning, Development and Special Initiatives Professor Ahsan Iqbal on Tuesday chaired a meeting of the National Task Force on Artificial Intelligence, which included senior government officials, industry leaders and experts. The meeting discussed the AI ​​implementation roadmap that has been meticulously crafted through the collaborative efforts of the National Center for Artificial Intelligence … Read more

The European Union is reviewing investigations of big tech companies under the Digital Markets Act – Trendy Blogger

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The European Union is reviewing investigations of big tech companies under the Digital Markets Act – Trendy Blogger

The European Commission is reevaluating its investigations into tech giants Apple, Meta and Alphabet’s Google, focusing on cases launched since March 2024 under the Digital Markets Act (DMA), the Financial Times reported on Tuesday. The review may narrow or modify the scope of investigations and may temporarily halt decisions and fines while technical work continues. … Read more

Cherat Packaging agrees to acquire second extrusion plant worth Rs 1.4 billion – Trendy Blogger

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Cherat Packaging agrees to acquire second extrusion plant worth Rs 1.4 billion – Trendy Blogger

Cherat Packaging Limited announced that its Board of Directors has approved the acquisition of a second extrusion plant, including an insulating film extrusion line and associated equipment, at an estimated cost of Rs 1.4 billion. “We are pleased to learn that the Board of Directors of the company has approved the acquisition of a second … Read more

Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

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Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

Remittances from overseas Pakistanis exceeded export earnings during the first half of fiscal year 2024-25, highlighting a shift in foreign exchange inflows despite the government’s efforts to boost exports. According to data issued by the State Bank of Pakistan, remittances amounted to $17.645 billion, exceeding exports of $16.561 billion, a difference of $1.084 billion. In … Read more

The SBP Governor underscores commitment to expanding financial inclusion by strengthening global and local cooperation – Trendy Blogger

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The SBP Governor underscores commitment to expanding financial inclusion by strengthening global and local cooperation – Trendy Blogger

Karachi: State Bank of Pakistan Governor Jamil Ahmed on Monday reiterated the central bank’s commitment to increasing financial inclusion by enhancing collaboration with global and local stakeholders. The Governor of SBP, in his meeting with CEO of the Alliance for Financial Inclusion (AFI), Dr. Alfred Hannig, here, highlighted SBP’s recently launched third edition of the … Read more

The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

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The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has taken strict measures to prevent companies from accepting funding from blacklisted or unregistered international non-governmental organizations (INGOs) operating within Pakistan. In a notification issued on Monday, the Securities and Exchange Commission of Pakistan proposed amendments to the Companies Regulations 2024, emphasizing that companies should not … Read more