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In a significant development, Pakistan secured approval for a $700 million installment from the International Monetary Fund (IMF), sparking a…
Rawalpindi is introducing a new bus service with 78 minibusses covering 34 routes, aligning timings and fares with the Metro Bus Service for seamless commuting. The integrated system, set to launch in phases, enhances public transportation with feeder buses connecting to metro stations.
Toyota is gearing up to introduce its first Hybrid Electric Vehicle (HEV) in Pakistan, the Corolla Cross HEV, representing a major step in the country’s automotive sector. With a significant $100 million investment, the move aims to cut import costs and save $37 million annually, catering to a growing demand for fuel-efficient and eco-friendly vehicles.
Roshan Digital Accounts (RDAs) in Pakistan recorded a substantial $6.898 billion in foreign exchange inflows by October 2023, showcasing the program’s success in attracting global investments. With $1.524 billion repatriated and $4.219 billion used locally, RDAs continue to play a crucial role in the country’s financial landscape.
PayFast, Pakistan’s top payment gateway, reinforces its collaboration with JazzCash, a leading fintech provider, allowing millions of Pakistanis to use JazzCash mobile wallets for online transactions, fostering financial inclusion and convenience. This partnership also offers businesses using PayFast an opportunity to tap into the growing e-wallet market, with JazzCash boasting over 43 million registered users.
The Caretaker Religious Affairs Minister, Aneeq Ahmed, revealed that the cost for Hajj 2024 under the government quota is set at Rs. 1.075 million, marking a notable decrease from the previous year. Other policy changes include returning unused slots, implementing financial monitoring, and allowing greater flexibility for individuals over 80 in private Hajj schemes.
The Pakistani government has lowered petrol and diesel prices by Rs2.04 and Rs6.47 per liter, respectively, for the next two weeks, citing lower international prices. However, the impact is tempered by a depreciating rupee and the government hitting the maximum Rs60 per liter levy limit.
Karachi: November 15, 2023: Nutshell Group and HBL are jointly hosting the 7th Edition of THE FUTURE SUMMIT (TFS), powered…
Malaysia welcomes Pakistani travelers with an enhanced eVisa system, featuring a user-friendly portal and a 90-day validity for the 30-day visit visa, coupled with reduced fees and convenient payment options. The changes aim to make Malaysia a more accessible and affordable destination for Pakistani visitors.
MG Pakistan expands its electric vehicle portfolio with the launch of MG4, available in ‘Excite’ and ‘Essence’ variants, featuring swift acceleration, advanced technology, and impressive ranges of 350 km and 450 km, respectively, contributing to the country’s shift towards sustainable mobility.