Economy

ECC to Approve Rs. 60 Million for Purchase of Helicopter Parts

The Economic Coordination Committee (ECC) is likely to approve a technical supplementary grant of Rs. 60 million within sanctioned budget for the purchase of spare parts for helicopter maintenance upon request of the Interior Ministry.The meeting of th…

Economy

FBR Closes Doors of Shipment Agents for Criminal Record Holders

The Federal Board of Revenue has imposed a new condition on the renewal of licenses of shipping agents. The condition requires shipment agents to provide an affidavit declaring that the applicant has not faced any criminal proceedings from any court in…

Economy

PSEB to Invest Rs. 1 Billion on IT Boot Camps for Professionals and Graduates

Pakistan Software Export Board (PSEB) has received an amount of Rs. 1 billion from the Ministry of IT and Telecommunication to hold various skill development training programs through boot camps and batches across the country.These programs are likely …

Economy

Rupee Recovers After US Dollar Demand Starts Decreasing

The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) in the interbank market today. It gained five paisas against the greenback after hitting an intra-day high of Rs. 176.55 against the latter during today’s open market session.It appreci…

Economy

Khaldoon Bin Latif Secures Highest Votes in TRG Board of Directors Elections

The election results of the directors on the TRG Board have completely barred the former CEO of Afiniti, Zia Chishti, from it. Meanwhile, Khaldoon Bin Latif from Faysal Asset Management bagged the highest votes — more than 504 million — in the electio…

Economy

Govt to Launch a $2 Billion Housing Project for Overseas Pakistanis in Islamabad

The federal cabinet has approved a residential project worth $2 billion for the overseas Pakistanis to invest in real estate by making remittances through their Roshan Digital Accounts. The project will be executed at Park Road, Zone-4 of the federal c…