Pakistan’s Internet Slowdown Likely to Last Until Early October Due to Submarine Cable Fault The internet slowdown across Pakistan is expected to persist, with repairs to the damaged SMW-4 submarine cable anticipated to be completed by early October 2024, the Pakistan Telecommunication Authority (PTA) announced on Wednesday. The PTA confirmed that the slowdown is primarily […]
Read MoreChina Proposes RMB Internationalization Pilot in Gwadar to Boost Trade and Reduce Costs China has urged Pakistan to launch an RMB internationalization pilot project within the Gwadar Free Zone to facilitate trade settlements and reduce foreign exchange conversion costs and risks. This proposal was raised during the 7th meeting of the Joint Working Group (JWG) […]
Read MoreBF Biosciences Limited (BFBL), a leading Pakistani pharmaceutical company, has signed a contract manufacturing and supply agreement with Lucky Core Industries Limited (LCI). The announcement was made by Ferozsons Laboratories Limited, BFBL’s parent company, in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, BFBL will manufacture and supply the […]
Read MoreThe All Pakistan Textile Mills Association (APTMA) has formally requested the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) to reduce the interest rate by 400 basis points. APTMA argues that such a significant rate cut is essential for invigorating the textile sector, which is currently grappling with economic pressures and competitive […]
Read MoreThe scrap steel industry has made a formal appeal to the Federal Board of Revenue (FBR) to implement a long-awaited policy decision concerning Goods and Services Tax (GST) relief. Industry stakeholders are urging the FBR to put this policy into action to provide much-needed financial relief to the sector. The GST relief policy, which has […]
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