The import of Mobile Phones has surged up by 80 percent during the first seven months of the current financial year (2019-20) owing to reduction in tax rate by the government to promote digital economy. The import of mobile phones increased to $760.58 million during first seven months of current fiscal year as compared with […]

The federal government will launch a mobile application and website for tourists letting them access necessary information regarding all historical and religious sites in Pakistan. Local and foreign tourists as well as researchers will now be able to access valuable information about all the historical and religious sites of the country through one click through […]

   American Bio­medical Engineering Company  will establish first-ever manufacturing unit of biomedical equipment at Allama Iqbal Industrial City. This is a prioritised special economic zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under the China-Pakistan Economic Corridor. American Biomedical Engineering Company Director Dr Usman Mustafa called on FIEDMC Chairman Mian Kashif Ashfaq, it […]

The Securities and Exchange Commission of Pakistan (SECP) launched Pakistan’s first-ever centralized information repository for life insurance sector to introduce transparency in and speed up settlement of claims for protection of policyholders. SECP Chairman Aamir Khan said that the initiative would add to technological advancement in the insurance industry and will ensure facilitation and protection […]

As a result of  delays in K-Electric takeover by the Shanghai Electric Limited (SEL) of China, the government has decided in principle to facilitate the Karachi-based power utility to increase its own generation capacity by 1,600MW and enhance supply from the national grid to 1,400MW . To fulfill this , the government would immediately allow […]

The Board of Directors of Engro Corporation Limited (ENGRO) announced its financial results for the year ended December 31, 2019. The company experienced profit for the full-year 2019 jumped 30 percent to Rs16.532 billion on strong fertiliser and chemical business earnings. Earnings per share remained at Rs28.69 as compared to an EPS of Rs22.06 last year. […]

eVavaCars, a globally recognized car transaction platform, and Meezan Bank, Pakistan’s leading Islamic Bank, entered into an agreement to pave the way for providing innovative and efficient financing solutions for car traders in order to facilitate the purchase process for vehicles through VavaCars. The agreement was signed by Mr. Mujahid Khan, Country Manager, VavaCars and […]

Iftikhar Arif, General Manager Information Technology at Muller & Phipps Pakistan (Private) Limited shares the journey of designing e-commerce platform while leveraging logistics channels with Daily NewsPK and discusses the future initiatives that will be taken under his leadership.  

Careem, the leading ride-hailing platform in the greater Middle East and Pakistan region, has partnered with Iqra University (IU) launching its campus ambassador program and helping students generate part-time income through the platform. IU students who own a vehicle will be given the opportunity to register as Careem captains. Registered captains will then be able […]

Federal Minister and Privatization Commission Chairman Muhammad Mian Soomro  said that they were moving towards the privatization of Balloki and Bahadur shah power plants located in the Punjab province by April this year. The 8th meeting of the Transaction Committee for Privatization of National Power Parks Management Company Limited (NPPMCL) was jointly chaired by the […]