Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, has stressed the importance of information technology in Pakistan’s prosperity and stability. During a high-level panel discussion at the World Economic Forum (WEF) on Thursday, Aurangzeb noted that Pakistan had achieved substantial vertical advancement in IT and had the third-largestRead More →
The State Bank of Pakistan stated that the government paid $27.6 million in external debt, resulting in a $27.60 million reduction in foreign exchange reserves to $11.44 billion and 87 million dollars. According to the central bank’s weekly Foreign Exchange Reserves report, commercial bank deposits hit 4.74 billion dollars, aRead More →
GWADAR: The Gwadar International Airport became operational today (Monday), with the first flight from Pakistan International Airlines (PIA) landing on the runway to inaugurate the newly built facility. The PIA aircraft PK-503, from Karachi, arrived at 11:14 a.m. and began operations at New Gwadar International Airport. When the first flightRead More →
ISLAMABAD: In a media interview, the CEO of co-owner Barrick Gold stated that the Reko Diq copper and gold mine in Pakistan is estimated to generate around $74 billion in free cash flow over the next 37 years, based on consensus long-term prices. Barrick Gold controls 50% of the RekoRead More →
ISLAMABAD: On Thursday, the Federal Board of Revenue (FBR) approved the entrance of Azerbaijani registered cars conveying transit and bilateral commerce cargo into Pakistan. The FBR issued SRO.25(I)/2025 on Thursday to notify the Azerbaijan-Pakistan Transit Trade Rules 2024 under the Azerbaijan-Pakistan Transit Trade Agreement, 2024, for the processing of transitRead More →
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) and the Ministry of Commerce (MoC) inked a historic Memorandum of Understanding (MoU) at PTA Headquarters to promote partnership in promoting Pakistan’s digital ecosystem and facilitating commerce via technical innovation. The MoU defines major areas of collaboration, such as e-commerce, cybersecurity, and cloud computing,Read More →
ISLAMABAD: More than 3,522 tax-related issues totaling Rs. 4.7 trillion remain unresolved in courts and tribunals across the nation. This was disclosed at a review meeting convened by Prime Minister Shahbaz Sharif in Islamabad today. The Prime Minister instructed that these instances be resolved as soon as possible. He authorizedRead More →
The Pakistan Telecommunication Company Limited (PTCL) has stated that the sluggish browsing issue caused by a failure in the international undersea cable has been fixed in record time. “We are pleased to inform you that the slow browsing issue caused by the international submarine cable AAE-1 outage has been resolvedRead More →
Pakistan International Airlines (PIA) has got a positive reaction from the public for its Paris route, which is scheduled to depart on January 10, 2025 after a four-year hiatus, since all economy tickets have been sold out in advance. According to a spokeswoman for the national carrier, all economy classRead More →
The federal government has announced that building of the Karachi-Sukkur motorway will begin in 2025. Addressing a meeting in Islamabad on Wednesday, Federal Minister for Communications Aleem Khan stated that the motorway will connect Karachi Port to Sukkur, providing a key link between the country’s north and south. The highwayRead More →