Press Releases

FDA Authorizes Marketing of 22nd Century Group’s VLN® as a Modified Risk Tobacco Product

VLN® Cigarettes VLN® Is World’s First and Only Combustible Cigarette to Receive FDA MRTP Designation FDA Adds Evidence-Based, Headline Claim “Helps You Smoke Less” to Company’s Requested Claims VLN® 95% Reduced Nicotine Content Cigarettes to Launch in the U.S. Within 90 Days VLN® to Launch Outside the U.S. in First Quarter 2022 BUFFALO, N.Y., Dec. […]

Economy

CNG Association Reveals The Real Reason Behind Gas Crisis In Pakistan

Group Leader All-Pakistan CNG Association (APCNGA), Ghiyas Abdullah Paracha, in a statement issued on Friday, said that few departments are ruining the economy in a bid to continue their monopoly over the troubled gas sector.The desire of these departm…

Economy

President Alvi Orders Bank to Pay Rs. 3.73 Million to Female Entrepreneur

President Dr. Arif Alvi has accepted a representation of a female entrepreneur from Sialkot and directed a private bank to pay her the Local Taxes and Levies Drawback (LTLD) worth over Rs. 3.73 million and report compliance to the Banking Mohtasib with…

Economy

Rupee Continues to Struggle Against the US Dollar Despite Big News from the ADB

The Pakistani Rupee (PKR) failed to post gains against the US Dollar (USD) and depreciated by one-third of a paisa against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.15 against the USD during today’s open market ses…

Economy

Weekly Inflation Shows a Slight Increase

The Sensitive Price Indicator (SPI) for the week ended December 23, 2021, recorded an increase of 0.40 percent, according to the Pakistan Bureau of Statistics (PBS).According to the latest data, the SPI went up from 168.16 percent during the week ended…

Economy

NEPRA Slaps Massive Fine on GEPCO

The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs. 21 million on Gujranwala Electric Power Company (GEPCO) on charges of negligence resulting in fatal incidents during the period from July 2019 to May 2021.NEPRA upon rec…