billion

Pakistan’s IT exports can exceed $25 billion through better utilization of resources: PM – Trendy Blogger

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Pakistan’s IT exports can exceed billion through better utilization of resources: PM – Trendy Blogger

IslamabadPrime Minister Shehbaz Sharif said that Pakistan’s IT exports could exceed twenty-five billion dollars through betterExploiting resources and providing training and education to the workforce. He chaired a review meeting on reforms in the IT sector in Islamabad and directed the Higher Education Commission to draw up a roadmap for provisionEducation, training and skills of … Read more

The Prime Minister seeks to achieve a $25 billion IT export target with a detailed action plan – Trendy Blogger

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The Prime Minister seeks to achieve a billion IT export target with a detailed action plan – Trendy Blogger

The ICT Ministry on Friday presented a comprehensive action plan to Prime Minister Shehbaz Sharif aimed at boosting the country’s IT exports to $25 billion over the next five years. Prime Minister Shehbaz Sharif, who set an ambitious target for the IT Ministry, chaired a review meeting where he appreciated the proposed action plan and … Read more

Jazz is investing Rs 33 billion in 2024 to drive digital growth in Pakistan – Trendy Blogger

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Jazz is investing Rs 33 billion in 2024 to drive digital growth in Pakistan – Trendy Blogger

Islamabad: Jazz, along with its subsidiaries JazzCash and Mobilink Microfinance Bank, has invested more than Rs 33 billion in the first nine months of 2024, strengthening Pakistan’s digital ecosystem across banking, financial services, cloud computing, data centres, digital healthcare, entertainment and connectivity. . The company also contributed Rs97 billion to the national exchequer through corporate … Read more

RDA flows rise to $8.953 billion in October 2024 – Trendy Blogger

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RDA flows rise to .953 billion in October 2024 – Trendy Blogger

Islamabad: The flow of remittances under the Roshan Digital Account (RDA) increased to US$8.953 billion at the end of October 2024 compared to US$8.749 billion at the end of September (2024). The data showed that remittance inflows during October recorded US$204 million compared to US$168 million in September and US$165 million in August 2024, according … Read more

Pakistan needs $390 billion investment to transition to low-carbon energy by 2050: Asian Development Bank – Trendy Blogger

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Pakistan needs 0 billion investment to transition to low-carbon energy by 2050: Asian Development Bank – Trendy Blogger

Pakistan will need more than $390 billion in additional investments by 2050 to transition toward low-carbon energy solutions, including switching from coal to gas in industries, electrifying transportation, and replacing gas with electricity for cooking, according to a recent report by the Organization of Islamic Cooperation. . Asian Development Bank (ADB). The report, titled “Pakistan’s … Read more

Refineries seek to rework sales tax to unlock $6 billion upgrade plans – Trendy Blogger

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Refineries seek to rework sales tax to unlock billion upgrade plans – Trendy Blogger

Karachi: Three major refineries – Attock Refinery, National Refinery and Synergeiko Refinery – have informed the Oil and Gas Regulatory Authority (OGRA) that they are not delaying the signing of upgrade agreements. The clarification came after Ugra proposed reducing duties on high-speed diesel (HSD) for refineries that fail to meet the requirements of the Brownfield … Read more

Inflows into Roshan’s digital accounts exceed $9 billion – Trendy Blogger

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Inflows into Roshan’s digital accounts exceed billion – Trendy Blogger

Cumulative inflows into Roshan Digital Accounts (RDA) have crossed the US$9 billion mark as of November 7, 2024, marking a major milestone for the initiative. This reflects inflows of more than $256 million since the end of September when the cumulative total reached $8.749 billion. In the current fiscal year 2024-2025, the RDA has collected … Read more

The Reserve Bank of Pakistan revealed that Pakistan’s foreign exchange reserves fell to $15.93 billion – Trendy Blogger

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The Reserve Bank of Pakistan revealed that Pakistan’s foreign exchange reserves fell to .93 billion – Trendy Blogger

Pakistan’s total liquid foreign reserves fell to $15.93 billion as of November 1, 2024, representing a decline from the previous week’s $16.05 billion, according to recent data released by the State Bank of Pakistan (SBP). The latest figures show that the State Bank of Pakistan holds $11.17 billion of the total, while commercial banks hold … Read more

Record remittances are expected as the State Bank of Pakistan expects October inflows to exceed $3 billion – Trendy Blogger

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Record remittances are expected as the State Bank of Pakistan expects October inflows to exceed billion – Trendy Blogger

Islamabad: In a positive development for the Pakistani economy, the State Bank of Pakistan (SBP) has hinted that remittances for October 2024 are expected to reach or exceed $3 billion. This trend, revealed during the Monetary Policy Committee’s recent briefing, is expected to significantly reduce the current account deficit to negligible levels. The expected remittance … Read more

Pakistan’s solar imports from China rise by $2.1 billion as customs duties increase by 155% – Trendy Blogger

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Pakistan’s solar imports from China rise by .1 billion as customs duties increase by 155% – Trendy Blogger

Pakistan imported nearly 15 gigawatts of solar panels worth $2.1 billion from China in the last fiscal year, as reported in a study titled Great solar eruption in Pakistan. The study indicated that high electricity tariffs, which have risen by 155 percent over the past three years, are pushing households and industries with high consumption … Read more