Economy

CDWP Approves Development Projects Worth Rs. 140 Billion

At a CDWP meeting presided over by Deputy Chairman Planning Commission, Mohammad Jehanzeb Khan, cleared three development projects with a cost of Rs. 9.168 billion

Economy

RCCI Urges RDA to Construct Industrial Zones Alongside Ring Road

The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged Rawalpindi Development Authority (RDA) to establish industrial and economic zones along the Ring Road. If

Economy

SBP Announces Deadline for Exchange Companies to Implement Biometric System

The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to ensure the implementation of the Biometric Verification System (BVS).A circular issued by SBP states, “All ECs/ECs-B categories are required to continue…

Economy

Rupee Gains Big Over the British Pound, Holds Out Against the US Dollar

The Pakistani Rupee (PKR) maintained its position against the US dollar (USD) on Friday to close at 170.01.Yesterday, the rupee broke its 6-day winning streak against the greenback and lost 4 paisas in the inter-bank market to close at Rs. 170.01.The P…

Economy

Govt Increases Minimum Support Price for Wheat

To achieve self-sufficiency in wheat, the government has decided to increase the minimum support price for wheat to Rs 1,950/40 kg compared to Rs. 1,800/40 kg last year. The Food Ministry hopes this will incentivize farmers to grow sufficient wheat to …

Economy

SECP Registers Over 2,000 New Companies in October

The Securities and Exchange Commission of Pakistan (SECP) registered 2,017 new companies in October, raising the total number of registered companies to 154,093.Consequently, the total capitalization (paid-up-capital) of the new companies stood at Rs. …