The Federal Cabinet has approved a comprehensive overhaul of entities under the Ministry of Commerce as part of the second phase of the federal rightsizing program. This restructuring aims to improve efficiency, reduce redundancy, and align the ministry's functions with national goals.
The Read More...
The Pakistan Textile Council (PTC) has called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb to implement immediate policy reforms to prevent the collapse of the textile industry.
In a letter addressed to the minister, PTC Chairman Fawad Anwar warned that the Read More...
Pakistan's overseas workers’ remittances have exceeded export earnings during the first half of fiscal year 2024-25, signaling a shift in foreign exchange inflows despite the government's efforts to boost exports.
According to data from the State Bank of Pakistan (SBP), remittances reached Read More...
Punjab Minister for Minerals, Sardar Sher Ali Gorchani, has announced the discovery of 2.8 million tola gold in a 32-kilometer-wide area of Attock, with an estimated value between Rs600-700 billion in the global market.
This exciting revelation comes as the Punjab government collaborates Read More...
Mitchell’s Fruit Farms Limited (MFFL) has announced that its majority shareholders, Syeda Maimanat Mohsin and Syeda Matamat Ghaffar, holding 40.63%, have requested the company to allow CCL Holdings (Pvt) Limited to conduct due diligence.
This move follows CCL Holdings, a subsidiary of CCL Read More...
Inefficiencies in Pakistan's power distribution companies (Discos) are contributing significantly to the country's circular debt, which has now reached Rs2.467 trillion. Despite claims of a 92.44% recovery rate, Discos are adding Rs50 billion monthly to the circular debt.
The latest data Read More...
Pakistan is gearing up to launch yuan-denominated bonds this year, aiming to raise $200-250 million from Chinese investors over the next six to nine months. This move is part of the country's efforts to shore up its finances and meet the International Monetary Fund's (IMF) bailout loan Read More...
The Federal Board of Revenue (FBR) has faced public backlash for its decision to purchase 1,010 brand-new Honda City 1.2L CVT cars at an estimated cost of Rs6 billion. A notification issued on January 10, 2025, confirmed the issuance of a Letter of Intent for the purchase.
The procurement Read More...
The State Bank of Pakistan (SBP) has unveiled its National Financial Inclusion Strategy (NFIS) for 2024-28, aiming to boost financial inclusion from 64% in 2023 to 75% by 2028. Additionally, the strategy seeks to reduce the gender gap in financial inclusion from 34% in 2023 to 25% by 2028. The Read More...
Federal Minister for Finance, Senator Mohammad Aurangzeb, embarked on a visit to Hong Kong on Saturday to participate in the 18th Asian Financial Forum. The primary objective of this visit is to strengthen ties with financial institutions and government officials across Asia, as stated in a Read More...
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