Minister for Power Omar Ayub has said that frequency in the power distribution system suddenly dropped from 50 to 0 which caused the blackout after a massive power outage in ‘all’ major cities across Pakistan. After the power breakdown, senior government officials
Pakistan’s journey towards sustainable growth remains unimpeded as clearly demonstrated by the performance of the Pakistan Stock Exchange (PSX) and other economic developments. PSX says bulls rule KSE-100 throughout the week. The KSE-100 index went up by over 4.65 percent during the
Prime Minister Imran Khan invited foreign companies to invest in Pakistan taking benefit from the country’s huge business opportunities under the new e-commerce policy. In a meeting with Huawei’s Supervisory Board Chairman Li Jie along with his delegation, at the PM Office in Islamabad, he urged them to
The State Bank of Pakistan in its latest data reported that the United States remained the top export destinations of the Pakistani products during first quarter of financial year (2019-20), followed by China and the United Kingdom. The total exports to the
A Chinese snack company signed a deal with Pakistani pine nut provider worth 300 million yuan (US $ 42 million) during the second China International Import Expo in Shanghai as the company furthers overseas efforts with opportunities brought by the Belt and
The State Bank of Pakistan (SBP) has reported that the exchange rate of Pakistani rupee against the American dollar remained stable at Rs155.64 in the interbank. However, the central bank said that the price of Euro in interbank depreciated by Rs 0.49
Spain’s Ambassador to Pakistan Manuel Duran has said that Spanish businessmen are visiting Pakistan despite travel advisory and another delegation from Spain will visit Pakistan during the next week. Addressing at the Faisalabad Chamber of Commerce and Industry (FCCI) in Faisalabad, he
Senior government officials in multiple countries were targeted earlier this year with hacking software that used WhatsApp to take over users’ phones, Reuters news agency quoted people familiar with the messaging company’s investigation. Quoting WhatsApp’s internal investigation into the breach, the British news service
SAARC Chamber of Commerce and Industry (SCCI) has said that Pakistan should focus on encouraging its youth towards entrepreneurship for improving livelihoods, expanding economy and promoting jobs. Inaugurating a two-day boot camp for startups organized by the SAARC Chamber in association with
Adviser to Prime Minister on Commerce, Industries and Production, Textile and Investment Abdul Razak Dawood has said that rice is the largest agro export commodity in the export basket of the country with a total export of over $2 billion, which will
Prime Minister Imran Khan tasked his economic team to focus the uplifting of the construction and the small and medium enterprises (SME) sectors as the country’s economic indicators had started improving. Chairing a meeting of his economic team in Islamabad, the prime
