Search results

  1. miafridi

    Car sales climb 57pc to 139,613 units in July-May

    KARACHI: Car sales climbed 57 percent to 139,613 units during the first 11 months of the current fiscal year of 2020/21 as low-cost auto financing complemented recovery in consumer demand, industry data showed on Tuesday. Pakistan Automotive Manufacturers Association (PAMA) data showed that...
  2. miafridi

    Digital Pakistan: USF approves high-speed internet, broadband contracts

    ISLAMABAD: The Ministry of Information Technology (IT) and Telecommunications has approved the allocation of funds for the Universal Service Fund (USF) projects for high-speed internet services and contracts for next-generation broadband, ARY News reported on Monday. The approval was given in...
  3. miafridi

    Pakistani company gets largest IT order from Japanese corporation

    ISLAMABAD: A Japanese company, building high-tech platform to expand its global services, announced to award orders to a Pakistani company for creation of an information technology platform for real estate. “We are happy that Bears Inc Japan has chosen Saffran Group from Pakistan for this...
  4. miafridi

    Pakistan, Egypt discuss military cooperation in Cairo

    In the capital Cairo, a top-ranking Pakistani army official and Egypt’s president on Sunday discussed security and military cooperation between the two countries. According to a statement by the Egyptian presidency, President Abdel-Fattah al-Sisi and Pakistani Joint Chiefs of Staff Committee...
  5. miafridi

    Large-scale manufacturing grows 12.9% in July-April 2020-21

    ISLAMABAD: Large-scale manufacturing (LSM) in the country grew by 12.9% per cent in the July-April period of fiscal year 2020-21 as compared to last year’s corresponding period. Minister for Energy Hammad Azhar tweeted that the growth was “much more than the 9% number used to project 3.94% GDP...
  6. miafridi

    Remittances stay above $2b for 12th month in a row

    KARACHI: In keeping with the trend over the past many months, workers’ remittances stayed above $2 billion in May 2021, driven higher by the proactive policy measures taken by the government and the State Bank of Pakistan (SBP) to encourage expatriates to use formal money transfer channels...
  7. miafridi

    CPEC's Rashakai economic zone expected to be a game-changer for KP

    The China-Pakistan Economic Corridor (CPEC) is now officially in its second phase of development, despite speculations that work on the $62 billion connectivity project had slowed down. Last week, the Rashakai Special Economic Zone (SEZ) in Khyber Pakhtunkhwa was rolled out, kicking off phase...
  8. miafridi

    UN report says inclusive wealth on the rise in Pakistan

    UN report says inclusive wealth on the rise in Pakistan Inclusive wealth, a measure of Pakistan’s prosperity and sustainability that accounts for social, economic and environmental factors has been on the rise consistently since 1992, a new UN Environment Programme (UNEP) report shows. The...
  9. miafridi

    EU aware of nuclear material proliferation incident in India:' Peter Stano

    The European Union is aware of the nuclear material proliferation incident in India, Peter Stano, the lead spokesperson for the External Affairs of the European Union has said during an interview with Geo News. "All we can say at the moment is that the EU is aware of the information and...
  10. miafridi

    Police Arrests 7 people and Recovers 6.4 kg Uranium in India

    Police in India have arrested seven people and seized 6.4 kilogrammes of uranium from their possession, Indian media reported on Friday, marking the second time in less than a month that authorities have captured a large quantity of the radioactive material from unauthorised persons in the...
  11. miafridi

    Use of modern technology essential for transparent elections: Fawad

    ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain Thursday said the use of modern technology will be essential for free, fair and transparent elections in the country. “The use of technology is vital for every sector as we will have to keep pace with today’s world,” he...
  12. miafridi

    In a historic first, FBR surpasses 11-month revenue target

    ISLAMABAD: The Federal Board of Revenue (FBR) collected net revenue of Rs4.167 trillion during July 2020-May 2021, ARY News reported, quoting sources. The net collection during the first 11 months of the current fiscal year surpassed the target of Rs3.994tr by over Rs173 billion (4.33pc)...
  13. miafridi

    Key TTP leader found murdered in Afghanistan

    Mufti Khalid, a central leader of the banned Tehreek-e-Taliban Pakistan, has been reportedly found murdered in the Kunar province of Afghanistan. Mufti Khalid, a TTP council member, was killed by unidentified person(s) while he was traveling, sources quoted the police as saying. He belonged to...
  14. miafridi

    FINALLY – First “Locally Produced” MG Car Is Here!

    The head of JW SEZ Group, local partner of MG, Javed Afridi has announced a huge development of MG cars. In a tweet, Afridi declared: “Alhamdulillah, first locally made MG car is on the wheels.” He shared two pictures of this locally assembled vehicle. This surely is a huge step forward for the...
  15. miafridi

    Current account posts $773 million surplus in 10 months of FY21

    KARACHI: Pakistan’s current account deficit shrank 61 percent year-on-year in April 2021 helped by upsurge in remittances and a healthy recovery in exports, the central bank’s data showed on Tuesday. The current account balance posted a deficit of $200 million in April compared to a deficit of...
  16. miafridi

    IT exports surge 46pc to $1.7bln in July-April FY21

    IT exports surge 46pc to $1.7bln in July-April FY21 ISLAMABAD: Pakistan’s IT exports surged 46 percent to $1.7 billion in the first 10 months of the current fiscal year of 2020/21 as rapid digital transformation driven by social-distancing orders increased demand of online services, official...
  17. miafridi

    Minister orders timely completion of Gwadar Expressway

    ISLAMABAD: Federal Minister for Economic Affairs Omar Ayub Khan on Monday chaired a meeting of NCC on foreign-funded projects here in Islamabad, ARY News reported. The NCC reviewed the progress work on 15 Roads and Transport projects and five ongoing projects of Finance and Revenue. The five...
  18. miafridi

    ‘Govt to soon start construction work on Sukkur-Hyderabad motorway project’

    ‘Govt to soon start construction work on Sukkur-Hyderabad motorway project’ ISLAMABAD: Federal Minister for Planning and Development Asad Umar said on Monday that construction work on 306 kilometers Sukkur-Hyderabad motorway project will start soon, ARY News reported. Talking to the media...
  19. miafridi

    China appreciates PM Imran Khan’s remarks on CPEC

    BEIJING: China appreciated Prime Minister Imran Khan’s remarks on China-Pakistan Economic Corridor (CPEC), saying that the Chinese side was having a discussion with third parties, including Afghanistan on the extension of the flagship project. During a regular briefing, Chinese Foreign...
  20. miafridi

    Pakistan recorded highest LSM growth since 2011: Khusro Bakhtiar

    Pakistan recorded highest LSM growth since 2011: Khusro Bakhtiar ISLAMABAD: Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar has said that Pakistan recorded the highest rate of large-scale manufacturing (LSM) growth up to 9.29 per cent since 2011 which will lead to...