Pakistan has received its first shipment of Chinese broiler eggs, marking a significant milestone in the country’s efforts to meet the growing demand for poultry products. This inaugural consignment of homegrown white broiler eggs from China was successfully delivered to Pakistan via a flight from Guangzhou Baiyun Airport, highlighting an important development in the agricultural […]
Prime Minister Shehbaz Sharif has extended an offer of assistance to Bangladesh in response to the severe floods that have recently devastated the country. In a letter addressed to the Chief Advisor of Bangladesh, Dr. Muhammad Yunus, the Prime Minister conveyed his deep sorrow over the catastrophic impact of the floods and expressed Pakistan’s solidarity […]
Yango Introduces Express and Cargo Tariffs in Lahore, Islamabad, and Karachi ISLAMABAD: Yango Group, a global tech company that creates daily services, has officially launched delivery service in Pakistan’s three largest cities: Lahore, Islamabad, and Karachi. Following a successful testing period, Yango delivery service is now available within Yango app with two versatile tariffs — […]
The Lahore Electric Supply Company (LESCO) has recently spotlighted several government institutions that have amassed substantial unpaid electricity bills. Among these, Pakistan International Airlines (PIA) stands out as the largest defaulter, with an overwhelming debt exceeding PKR 260 million. This alarming figure places the national carrier at the top of LESCO’s list of defaulters, raising […]
In a significant development, the Asian Development Bank’s (ADB) Country Director for Pakistan met with President Asif Ali Zardari to discuss the country’s ongoing and future economic initiatives. This meeting highlights the strengthening partnership between Pakistan and the ADB, as both parties aim to collaborate on various projects to boost the nation’s economic stability and […]
Pakistan and the United Arab Emirates (UAE) have reaffirmed their commitment to enhancing bilateral relations by exploring new investment opportunities across various sectors. According to a statement issued by Pakistan’s Foreign Office (FO), a high-ranking UAE delegation led by Sheikh Ahmed Dalmook Al Maktoum met with Pakistan’s Deputy Prime Minister and Foreign Minister, Muhammad Ishaq […]
The federal government has accelerated the privatization process of Pakistan’s Electricity Distribution Companies (DISCOs) with significant steps already underway. This major initiative is seen as a crucial move to enhance efficiency and improve service delivery within the energy sector. The developments were disclosed during a high-level meeting co-chaired by Federal Minister for Privatization, Board of […]
In a groundbreaking move to stimulate economic growth in America’s de-industrialized regions, the United States Conference of Mayors has endorsed the Heartland Visa, a new initiative designed to attract skilled immigrants to economically struggling areas. Developed by the Economic Innovation Group (EIG), this visa program aims to bring fresh talent to America’s heartland—regions that have […]
Google for Startups has taken a monumental step in fostering technological innovation in Pakistan by launching an ‘AI Academy’ aimed at empowering startups and advancing the field of Artificial Intelligence (AI) across the Asia-Pacific region. This new initiative is part of Google’s broader commitment to nurturing digital ecosystems in emerging markets, particularly in countries like […]
Master Changan Motors Limited (MCML), a joint venture between Master Group of Industries and Changan International, has taken a bold step toward revolutionizing Pakistan’s automotive industry with the launch of Changan’s electric-first brand, DEEPAL. The unveiling ceremony, held on August 16, 2024, at Dolmen Mall Clifton in Karachi, marked a significant milestone in the country’s […]
Sazgar Engineering Works Limited (SAZEW) is poised to introduce its latest venture into the electric vehicle (EV) market with the upcoming launch of the ORA-07 EV. As a new addition to Sazgar’s lineup, the ORA-07 EV is an imported Completely Built Unit (CBU) under the sub-brand ORA, owned by Chinese automotive giant Great Wall Motors […]
In a significant move aimed at easing the burden on foreign nationals, the United Arab Emirates (UAE) has announced a two-month amnesty for individuals who have overstayed their residence visas. The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has introduced this initiative, offering a grace period starting from September 1, 2024, to […]
The Punjab Excise, Taxation, and Narcotics Control Department (PETSCD) has introduced a significant change to the property tax system, marking a shift towards a more standardized and potentially equitable approach. Starting January 1, 2025, the property tax for both commercial and residential properties across the province will be calculated based on the official property prices […]
Pakistan’s automobile sector experienced a steep decline in vehicle sales during July 2024, with a 36% drop in month-over-month (MoM) sales. This decline, largely anticipated by industry analysts, was primarily driven by pre-buying activities in June, as consumers rushed to purchase vehicles before the implementation of new tax measures introduced in the FY25 budget. Data […]
In response to mounting allegations of corruption within the Civil Aviation Authority (CAA), the Aviation Ministry has announced a comprehensive investigation targeting several officials and departments within the CAA. Sources indicate that this decision follows a series of complaints related to corruption and irregularities, particularly in the areas of recruitment and project management. Focus on […]
Muhammad Yunus, a renowned economist and social entrepreneur from Bangladesh, is best known for his groundbreaking work in microfinance and microcredit. His efforts in these areas led to him being awarded the Nobel Peace Prize in 2006, an honor he shared with the Grameen Bank, which he founded. Yunus’s work has had a profound impact […]
Pakistan International Airlines (PIA) has introduced a special 14% discount on flights between Toronto and Pakistan to celebrate Pakistan’s Independence Day. This limited-time offer aims to provide an opportunity for more passengers to travel affordably during the festive period. Discount Details and Booking Period The national flag carrier announced that the 14% fare discount will […]
Dubai Airports announced a remarkable forecast for Dubai International Airport (DXB) on Wednesday, projecting a new record in passenger traffic by the end of 2024. This optimistic outlook follows an 8% increase in passenger numbers during the first six months of the year. Impressive Growth in Passenger Numbers Dubai International Airport, known as the busiest […]
The Wilson Center is excited to announce its flagship International Fellowship Program in the USA for 2025. This prestigious nine-month residential fellowship, located in the heart of Washington D.C., invites scholars, professionals, journalists, and public intellectuals from around the world to apply. As a fellow, you will have the unique opportunity to conduct research and […]
The government is considering income tax relief for salaried citizens, which may amount to a substantial quantity of relief. Prime Minister Shehbaz Sharif directed the economic team to reconsider the present income tax rate on monthly income up to Rs 100,000. Under the newly presented budget, a 2.5% income tax rate was levied on these […]
