Economy

Delaying Pak-China Optic Fiber Cable Project Will Increase Costs: SCO

The military-run Special Communication Organization (SCO) has warned that delaying the execution of the Pak-China Optic Fiber Cable (OFC) Phase-II project will result in an escalation of costs and other associated complications.The scope of the project…

Economy

NEPRA to Further Increase Electricity Prices

National Electric Power Regulatory Authority (NEPRA) has issued a notification to increase electricity cost with reference to fuel price adjustment for September 2021.The hearing was conducted by the authority in the last week of October as the Central…

Economy

State Bank Rejects Reports of New Designs For Currency Notes

The State Bank of Pakistan (SBP) has categorically rejected social media rumors which claimed that the central bank is planning to introduce new designs of currency notes.Terming such reports as ‘fake,’ SBP clarified that no proposal to replace the cur…

Economy

BlueEx to Become Pakistan’s First Tech-Logistics Company to List on PSX

Universal Network Systems Limited (UNSL), a leading technology-driven e-commerce logistics company in Pakistan, has become the first tech-logistics company to make it to the list of Growth Enterprise Market (GEM) Board of the Pakistan Stock Exchange (P…

Economy

Shaukat Tarin Says that Tax-to-GDP Ratio Needs to be Doubled

Shaukat Tarin, the Advisor to Prime Minister on Finance and Revenue, said that in order to achieve economic development, the tax-to-GDP ratio needs to be

Economy

PSX Proposes Reduction on Brokerage Commission on ETFs

The management of the Pakistan Stock Exchange (PSX) has proposed a reduction of brokerage commission on Fixed Income Exchange Traded Fund (ETF) from 0.15 percent