United Auto Industries (PVT.) LTD. has launched three new electric bikes in Pakistan in response to the country’s current economic climate. With inflation at an all-time high, traditional motorcycles are becoming an impractical option due to soaring fuel prices. Therefore, many Pakistanis are looking to switch from cars to bikes, providing an opportunity for electric […]
The State Bank of Pakistan (SBP) has fulfilled a condition set by the International Monetary Fund (IMF) to reach a staff-level agreement by removing all cash margin requirements on imports. The SBP has withdrawn the existing Cash Margin Requirement (CMR) on imports from March 31, 2023, as per a circular dated March 24. The move […]
The State Bank of Pakistan’s directive to keep banks open on Saturday and Sunday is aimed at facilitating intending pilgrims who wish to apply for Hajj 2023. The Hajj is an important religious obligation for Muslims, and every year, thousands of Pakistani pilgrims travel to Saudi Arabia to perform this holy pilgrimage. The central bank’s […]
Pakistan’s Defence Minister, Khawaja Asif, recently spoke to international media in a press conference with Information Minister Marriyum Aurangzeb. He stated that the country’s finance ministry does not have enough funds to cover the costs of the upcoming elections. Asif also criticized Imran Khan, the leader of the PTI party, and called his claim of […]
Pakistan’s water security is in a fragile condition, according to a report issued by the United Nations Institute of Water, Environment, and Health. The report highlights that Pakistan is among the 23 nations that are “critically water insecure.” The study provides a comprehensive analysis of water security in 186 countries, affecting 7.8 billion people. The […]
The Sindh Information, Science & Technology (IST) department has partnered with Techvalley Pakistan to offer 5,000 IT-based scholarships to students of government schools, youth, and transgenders. The signing of the memorandum of understanding (MoU) between the two entities was recently announced. Chief Minister Murad Ali Shah, who was present during the signing of the MoU, […]
The International Monetary Fund (IMF) has dismissed claims by the Economic Coordination Committee (ECC) of Pakistan that the IMF has blocked funds to the country. The ECC had previously accused the IMF of blocking a $450 million loan to Pakistan, which it said was needed to bridge the country’s budget deficit. However, the IMF has […]
Pakistan’s National Database and Registration Authority (NADRA) has launched its next-generation Pak ID Mobile App, which allows citizens to access ID services through their mobile screens. With this app, citizens can process applications for their identity card and documents from the comfort of their home, avoiding long queues and waiting hours at NADRA offices. After […]
Pakistan’s IT and Telecommunication sector has received a significant boost as Director of Global Licensing and Market Activation at SpaceX, Ryan Goodnight, met with the Federal Minister of Information Technology and Telecommunication, Syed Aminul Haq, to discuss the registration of SpaceX’s Starlink in Pakistan. According to the Minister, Starlink has already registered with the Securities […]
The evee C1 electric scooter, which has gained immense popularity since its launch, is currently on display for the general public. This fully-indigenous two-wheeler has caught the attention of many, and its display event is set to do the same. The event is taking place today from 11:30 AM to 06:00 PM at Haseeb Corporation, […]