Category Archives: Market

Over Rs29,000m allocated for 25 new NHA schemes under PSDP

Federal government under the Public Sector Development Programme (PSDP) 2020-2021 has made an allocation of more than 29,000 million rupees for 25 new schemes of National Highway Authority (NHA). According to APP, for Zhob-Kuchlak Road, which forms part of Western

LPG Rates Rise Due to International Price Hike & Massive Shortage

The government has increased the price of liquefied petroleum gas (LPG) by Rs. 46.76 to Rs. 1345.07 for 11.8 kg cylinders and increased it by Rs. 180 for commercial cylinders for the month of July. According to the notification issued

Pakistan’s Top CxOs Converge on an Up-And-Coming Networking Forum

Business leaders of the world have an important role to play in ensuring organizational success as well as the socioeconomic uplift of the societies they represent or operate in. While they race for business growth, they must also take it

Covid-19 provides an opportunity to initiate institutional reforms, says WB economist

The World Bank has said that Pakistan is not immune to the economic shock caused by the coronavirus and its exports have been hit hard, as the country recorded $1.39 billion in merchandise exports in May 2020, down 34% compared

Rupee Touches an All-Time Low Against US Dollar

The value of Pakistani rupee against the US dollar has touched another historical low, reaching Rs. 168.18 in the interbank market after an increase of Rs. 0.52 on Monday. The previous all-time low was recorded on April 7, 2020 at

Finance Division Refutes News Reports Regarding Audit Report 2019-20

The Ministry of Finance has refuted news reports appearing in a section of the press claiming that the first audit report of the present government reveals irregularities and corruption amounting to Rs. 270 billion by 40 government departments and ministries

Finance Division rebuts news reports on Audit Report 2019-20

Ministry of Finance today (Monday) refuted news reports appearing in a section of the press, claiming that the first audit report of the present government reveals irregularities and corruption amounting to 270 billion rupees by 40 government departments and ministries

Rs32bn allocated for PSDP in Gilgit Baltistan

Federal Government has allocated thirty two billion rupees for public sector development projects in Gilgit Baltistan, in the new fiscal year budget. According to annual development program, these projects include five hydro power schemes, regional Grid, 50 beds hospital, Skardu

UAF plans R&D cells for locusts, organic agriculture

The University of Agriculture Faisalabad (UAF) will set up two research and development (R&D) cells, one for locusts and another for organic agriculture. According to a spokesman for the University, the university syndicate has formally approved both the projects. He

PLGMEA urges working Saturdays, double shifts

Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has urged the government to exempt the export-oriented units in Punjab from lockdown restrictions on Saturday, besides allowing them to work in double shifts to complete their export orders under full Standard