Lucky Motor Corporation (LMC) issued a statement on Friday announcing that due to the sharp decline in the Pakistani Rupee, they will no longer be accepting any new reservations for KIA vehicles. The statement noted that the corporation values treating consumers fairly and openly, but the situation with the Rupee has made it impossible for […]
Following the devaluation of the rupee against the dollar, Finance Minister Ishaq Dar Sunday announced that the price of petrol and diesel will go up by Rs35 from 11am today. Meanwhile, the prices of kerosene oil and light diesel oil have been increased by Rs18 in Pakistan. The increase comes after the rupee hit a […]
Pakistan is a country with a population of over 220 million people. The distribution of the population in terms of income can be divided into three main categories: lower, middle, and upper class. Lower-Class Percentage in Pakistan The lower class in Pakistan is made up of individuals who earn less than the national poverty line, […]
Pakistan’s education system is far behind other countries for a variety of reasons. One major issue is a lack of funding for education. The government of Pakistan allocates a very small portion of its budget to education, which means that schools and universities do not have the resources they need to provide quality education. Another […]
Pakistan has asked for the US help to revive the IMF program to assist soft landing of its economy post devastating floods and economic crisis. A meeting was held on Wednesday in which Ishaq Dar, Pakistan’s Finance Minister, requested a US Delegation to convince the multilateral lender in the Washington DC to be a little […]
Naveed Qamar, Federal Minister for Commerce and Investment, said that promotion of data science and IT are very important to combat future challenges. He also said that Data Protection Bill 2021 will strengthen the IT and Digital economy of Pakistan. Qamar was addressing to a conference “Accelerating Silicon Valley Technology Investment in Pakistan” organized by USAID […]
IT is one of the leading sectors of Pakistan in terms of revenue and is included in the top 5 export earning sectors. The IT moguls and leaders have requested the government to revisit policies as the existing ones are hurting foreign investment in the country. The businessmen urged the government to take immediate action […]
Pakistan is facing a number of challenges in 2023, and to come out of this, Pakistan definitely needs some planning and consistency. Pakistan is 75 years old now, but still lacks and faces so many challenges with the passage of time. Political instability in Pakistan: Pakistan has a history of political instability, and this is […]
The cap will be removed from 25th January onwards and now rupee will be allowed to depreciate as per its actual value. Earlier, the currency dealers have unanimously decided to keep the rupee overvalued artificially in the open market against Dollar. After the announcement, is it speculated that Rupee would devalue fast and will near […]
The Sindh government has given relaxation in age limit for government jobs. According to the notification issued by the Sindh government, the age limit for government jobs has been relaxed by 15 years for the posts from July 1, 2022, to June 30, 2024. According to the notification, age relaxation is not given for the […]
The Cambridge Assessment International Education (CAIE), a division of the University of Cambridge, has announced a significant increase in fees for O-Level and A-Level exams in Pakistan. The new fees, which will come into effect will have a major impact on students and their families, particularly those who are already struggling financially due to the […]
The National Highway Authority (NHA) Chairman, Captain (r) Muhammad Khuram Agha, has issued a directive for immediate snow clearance on all national highways. This comes as a response to the recent heavy snowfall that has caused disruptions in the transportation of goods and services, as well as hindering the movement of people. The NHA Chairman […]
Pakistan Railways has announced a 25% fare increase for its Green Line services, effective immediately. This decision was made to address the ongoing financial challenges faced by the organization, and to improve the overall quality of service for passengers. The Green Line services are a premium offering by Pakistan Railways, which includes air-conditioned coaches and […]
The World Bank has dealt a major blow to Pakistan by delaying the approval of two loans worth $1.1 billion until the next fiscal year, according to a media report. The Washington-based lender has also opposed the imposition of a flood levy on imports, creating a new hole in an already ambitious $32 billion annual […]
Punjab, a province in Pakistan, is taking steps to curb car registration and token tax fraud with the implementation of advanced security measures. The new system, which is set to roll out in the coming weeks, will use a combination of biometric data, vehicle identification numbers (VINs), and other identifying information to ensure that cars […]
The Federal Government of Pakistan recently announced its decision to relaunch the laptop scheme for university students with a budget of Rs 10 billion. The announcement was made by the Minister of Planning and Development, Ahsan Iqbal, during a ceremony in Islamabad. The scheme aims to provide laptops to 100,000 students to uplift the technology […]
Pakistan’s economy is in a turmoil for the last few months and almost every sector seems to be a victim of it. The recent data released by the Pakistan Bureau of Statistics (PBS) has revealed that in December, the textile exports fell 16.47% compared to the same month last year. The exports stood at $1.35 […]
The World Bank recently announced a delay in the release of a $1.1 billion loan to Pakistan. The loan, which was intended to support economic reforms and development projects in the country, has been put on hold due to a number of issues that have arisen. In this blog post, we will take a closer […]
According to a source in the finance ministry, the World Bank has delayed the approval of $1.1. bn loan to Pakistan until the next financial year due to tariff revision and circular debts in the energy sector. The source has told Reuters that the loan has been pending since June. They said, “The major issue […]
Mohammad Al-Jadaan, Foreign Minister of Saudi Arabia, said that his country is discussing “more creative ways” to provide support to Pakistan. He added that we are talking to the World Bank and others in this regard. The Foreign Minister also said that Saudi Arabia is revisiting the ways it used to provide assistance to its […]
