Pakistan has firmly rejected the notion of legalizing cryptocurrency trading, citing concerns about potential risks, particularly in relation to terrorist financing.
Read More‘Cryptocurrency in Pakistan’ will never be legalized
Month: May 2023
SolaX Energy Storage Solution, Your Best Investment for Next Decade
As load shedding occurs more frequently than ever, all sectors of South African society have been dramatically impacted. With no end in sight to the outages
Read MoreFinance Ministry Proposes Rs700bn PSDP For Next Year
Ministry of Finance has proposed an Indicative Budget Ceiling for the Public Sector Development Programmed (PSDP) of Rs 700 billion for the upcoming budget 2023-24.It has also decided to slap a ban on incorporating unapproved new projects and provincial projects into the PSDP
Read MoreNEPRA Holds Workshop On Implementation Roadmap For IT/OT Cyber Security Regulations
National Electric Power Regulatory Authority (NEPRA) on Tuesday hosted a workshop on “Implementation Roadmap for NEPRA IT/OT Regulations 2022” aimed at creating awareness amongst the electric power licensees for implementation of the same.
Read MoreTextile Industry Submits 15 Proposals To Boost Exports
The All Pakistan Textile Mills Association (APTMA) in its budget proposals has sought the revival of various energy and other subsidies, deferred sales tax refunds, service-based tariff, and restoration of zero-rating status for the export sector.
Read MorePower Sector Subsidy Finance Shows Willingness To Allocate Rs450bn
Finance Division has reportedly shown willingness to allocate Rs 450 billion for power sector subsidy in FY 2023-24 as compared to Rs 350 billion for the outgoing fiscal year (2022-23), well informed sources told Business Recorder.
Read MorePakistan’s Fuel Oil Exports Swell Amid Suppressed Domestic Demand Report
In an amazing turn of events, Pakistan’s fuel oil trades expanded to a record in April, revealed Bloomberg on Tuesday. According to the report, Pakistan sent out 164,000 tons of fuel oil in April, the biggest volume since no less than 2017, as per Kpler information aggregated by Bloomberg.
Read MoreHUBC New Businesses Yielding Results
Hub Power Company Limited’s (PSX: HUBC) announced massive increase in consolidated profits for 9MFY23. The growth in earnings came from HUBC’s diversification. The power company does not depend on the base plant at Hub and plant at Narowal; its coal investment, China Power Hub Generation Company
Read MoreInternet Suspension Results in Rs820m Loss
The suspension of mobile broadband services in Pakistan due to political escalation has caused significant financial losses for digital service providers, the government, and the general population.
Read MoreNewly Launched Night Navigation Increases FOTCO’s Terminal Capacity By 30pc
Fauji Oil Terminal and Distribution Company (FOTCO) in collaboration with Port Qasim Authority (PQA) on Wednesday commenced night navigation of oil vessels at the FOTCO terminal, a move that increases the company’s capacity by 30%.
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