The United Kingdom’s Developing Countries Trading Scheme (DCTS) has now entered into effect, providing tariff reductions and simpler terms of trade to Pakistan and 64 other countries. The new scheme has replaced the Generalized Scheme of Preferences (GSP) and will help drive business between the UK and developing countries, reducing …

Google has introduced a new policy for personal loan applications with the commitment to protecting consumers across Pakistan from fake and unregistered loan apps. The new requirements, effective from May 31, 2023, allow the Non-Banking Finance Company (NBFC) lender to publish only a single Digital Lending App (DLA), said a …

Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October. Musk, who has been outspoken about the difficulties facing the company, broke the figures in a tweet response to a user who was giving …

Coordinator to Prime Minister on Economy and Energy Bilal Azhar Kayani on Thursday said that $4.2 billion have been credited to Pakistan in last 3 days from Saudi Arabia, United Arab Emirates (UAE), and the International Monetary Fund (IMF). Giving breakup figures, the coordinator tweeted that $2 billion were received …

The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day. Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar …

The sale of cars witnessed a decrease of 58.65 per cent during the fiscal year 2022-23 as compared to the sale of fiscal year 2021-22, the Pakistan Automobile Manufacturing Association (PAMA) on Tuesday said. According to the data, as many as 96,812 cars were sold during July-June 2022-23 as opposed …

Prime Minister Shehbaz Sharif on Tuesday extended his “deep gratitude” to the leadership and brotherly people of the Kingdom of Saudi Arabia for the US$2 billion deposit with the State Bank of Pakistan. “I would like to especially thank my brother Saudi Crown Prince and Prime Minister His Royal Highness …

The relaunching of Prime Minister’s National Laptop Scheme (PMNLS) has sparked widespread jubilation among young graduates of Pakistan, including Khyber Pakthunkhwa as it will greatly help in completion of their education and acquiring professional knowledge in selected fields. “PMNLS Phase-III is a blessing for the young graduates of Pakistan, including …

Prime Minister Muhammad Shehbaz Sharif on Saturday said that the laptop scheme had truly been a game-changer, which led to sterling success stories. “Under the present scheme, 100,000 laptops will be distributed among the students of Pakistan in a phased manner. Like the past, transparency & merit will be the …

Master Changan Motors has announced the launch of a special customer scheme aimed at enhancing the joy of Eidfor families, corporate users and customers who want to upgrade to a smart sedan. Applicable on limited stock for a limited period, customers who purchase a Changan Alsvin will now be eligible for: ● A special rebate of PKR 120,000 …