EDOTCO Pakistan, a key player in the telecommunications infrastructure industry marked a significant stride in its dedication to Corporate Social Responsibility (CSR) in 2023. The company’s commitment to enriching underprivileged communities, particularly in areas with limited access to grid power, culminated in the successful execution of the Tower to Community (T2C) initiative. The visionary project,…
The year 2023 witnessed a challenging period for car and house financing within the financial sector, marking a downturn in the performance of these key segments. Various economic factors and industry-specific challenges contributed to the unfavorable conditions, prompting a critical review of the trends and dynamics shaping the landscape of car and home loans. In…
‘Right To Protein,’ a dedicated awareness initiative powered by the U.S. Soybean Export Council (USSEC), unveils “Solve With Protein” as the theme for Protein Day 2024, to be celebrated on 27 February, marking its fifth year. The initiative calls on individuals, businesses, and industry leaders to unite in addressing the surging demand for protein-rich foods,…
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, achieved record urea production of 2.3 million tons in 2023 to support the Government’s efforts of ensuring affordable and abundant supplies for the farmers. The Company was able to achieve this feat and continued to play a pivotal role towards enabling the food security of Pakistan, amidst the…
easypaisa, Pakistan’s leading digital financial services platform, has announced a strategic partnership with Dukan, a leading e-commerce infrastructure solution. This collaboration aims to deliver a seamless and efficient ordering and digital payments experience for consumers under the easypaisa MiniApps umbrella. Driven by its vision of revolutionizing the financial services landscape of Pakistan, easypaisa is committed…
The Economic Coordination Committee (ECC) has granted approval for the imposition of a 25% sales tax on locally manufactured vehicles, marking a significant development in the country’s fiscal policies related to the automotive industry. This decision, aimed at enhancing revenue streams and regulating the domestic vehicle market, is poised to have substantial implications for both…
The World Bank, in a recent assessment, has drawn attention to the detrimental effects of poor government policies on the agriculture sector, subsequently impacting food security in Pakistan. The evaluation sheds light on the critical link between governance decisions, agricultural practices, and the overall security of the nation’s food supply. According to the World Bank’s…
The incoming government is on track to initiate negotiations for a new financial arrangement, eyeing a substantial $10 billion loan program with the International Monetary Fund (IMF). This prospective agreement comes into focus as part of the government’s strategy to address pressing economic challenges and ensure stability in the country’s financial landscape. The discussions surrounding…
Moody’s, the globally renowned credit rating agency, has labeled the political uncertainty prevailing in Pakistan after the recent elections as “credit negative.” This assessment underscores concerns about the potential economic repercussions stemming from the unpredictable political landscape, indicating challenges that might impact Pakistan’s creditworthiness on the international stage. Following the elections, Pakistan is grappling with…
The government is set to disclose an unwelcome update regarding petroleum prices tomorrow. This announcement comes against the backdrop of evolving global dynamics that have a direct impact on fuel costs, presenting a challenging scenario for the government in managing the pricing structure domestically. Sources suggest that the impending adjustment in petroleum prices is influenced…
