The committee has been assigned the task to submit a report and recommendations to the Prime Minister within ten days on how to increase the investment. PM Shehbaz Sharif said…
Category: Business
Lahore-Based Startup “Powerfoods” Raises 8 Figure Angel Investment
Syed Salahuddin and Sana Shirazi have introduced a range of healthy, delicious, ready-to-eat breakfasts and snacks. Their products are sweetened with only natural superfoods such as honey, dates, raisins, and…
Coca-Cola Pakistan Registers 18% Increase in Sales in Q2
Coca-Cola Pakistan reported an 18 percent growth in sales during the second quarter of 2022. Sales of Fanta and Coca-Cola Zero Sugar increased by 22 percent and 17 percent respectively.…
ECC Approves Rs. 5 Billion Grant for Flood Relief Efforts
The Economic Coordination Committee (ECC) Saturday approved a technical supplementary grant of Rs. 5 billion for the National Disaster Management Authority (NDMA) for rescue, relief, and compensation for deaths and…
Roshan Digital Account Inflows Sink to Lowest Level in 17 Months
The inflows under Roshan Digital Account witnessed a decline of almost 25 percent with inflows standing at $188 million — a much lower number than June. The total deposits under…
SBP Relaxes Cash Margin Requirement for Specific Imports
The State Bank of Pakistan has significantly reduced cash margin requirements on deferred payments on the imports of commodities from different countries. The cash margin will be 25 percent for…
SBP Reserves Decrease by $190 Million to Sink Below $8.5 Billion
Foreign exchange reserves recorded at $8.385 billion on July 29, down $190 million from previous week. Decline mainly due to external debt and other payments, according to State Bank of…
Oil Prices Crash to 6-Month Low After Exporters Announce Production Boost
Oil prices fell on Thursday with Brent crude falling to a near 6-month low. OPEC+ nations decided to enhance crude production in September. U.S. fuel demand data from the United…
Is Rupee’s Free Fall Against US Dollar Set to Continue?
The fear that if prudent and timely economic measures are not taken, Pakistan may spiral out of control, much like Sri Lanka. The Pakistani Rupee (PKR) against the US Dollar…
Privatization Minister, Chairman CDA Discuss Convention Center’s Sale
The Ministry of Privatisation will put together a revised transaction structure for the privatization of the Jinnah Convention Centre (JCC) in consultation with Capital Development Authority (CDA). The matter was…