Economy

COVID-19’s Impact on Pakistan’s Transport Sector: Report

The most significant impact of the COVID-19 for road and rail transport in Pakistan was on border-crossing time as trade facilitation indicator (TFI) averaged 55.7 hours, far above the 28.3 hours in 2019, states the Asian Development Bank (ADB).The ban…

Economy

3G/4G Users in Pakistan Reach 106.68 Million

The number of 3G and 4G users in Pakistan reached 106.68 million by the end of November 2021 as compared to 105.73 million by the end of October 2021, registering an increase of 0.95 million, according to the PTA data.The number of cellular subscribers…

Economy

Pakistan’s First On-Demand Delivery Service Raises Investment

Pakistan’s first on-demand delivery marketplace, Batoor, has raised an undisclosed amount in pre-seed funding from Astore Partners.Based in the small village of Shahmansor, Swabi, Batoor was launched in January 2019 by Sanad Khan with only a meager sum…

Economy

Pakistan to Present 6th Review to IMF Board Next Month

The government of Pakistan will present the sixth review of the authorities’ reform program supported by the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) on 12 January 2022.According to a spokesperson for the Ministry of Finance, Pa…

Economy

Jazz Tops PTA Complaint Charts Yet Again

Data from the Pakistan Telecommunication Authority (PTA) has revealed that Jazz leads the chart with 6,407 complaints, followed by Telenor as the second-most complaint about telecommunications operators with 5,149 complaints.Zong was third with 2,701 c…

Economy

Rupee Finally Breaks Its Record-Breaking Streak Against the US Dollar After US Good News

The Pakistani Rupee (PKR) posted minimal gains against the US Dollar (USD), appreciating three paisas to stand at Rs. 178.12 against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.65 against the USD during today’s open …