Islamabad, Consumer Price Index (CPI) for May 2024 is expected to be at 13.8%, reflecting a notable decrease from April’s 17.3% and a significant reduction from 37.9% in May last year. This trend is largely driven by declining food prices and other fac…

Islamabad, In a significant move to accelerate its digital transformation, Mashreq Pakistan has partnered with Pakistan Telecommunication Company Limited (PTCL) to utilize primary data center colocation services at PTCL’s Tier-III Data Center in Karach…

Lahore, Maryam Nawaz, Chief Minister of Punjab, officially inaugurated the Nawaz Sharif Information Technology (IT) City in Lahore. The project covers 853 acres and is designed to be a tax-free zone for the next decade.According to Zameen.Com, the newl…

Islamabad, In response to an ultimatum from the Federal Board of Revenue (FBR), a major telecommunications company has begun the process of blocking 3,064 SIM cards owned by individuals who have not filed their tax returns. The company has expressed co…

Islamabad, Under the directives of Chaudhary Muhammad Ali Randhawa, the Chairman of the Capital Development Authority (CDA), Islamabad is seeing enhanced efforts to improve the city’s water supply infrastructure. These efforts come as a response to the…

Karachi, Pakistan Aluminum Beverage Cans Ltd (PABC) reported a robust increase in sales and strategic expansions during its recent analyst briefing on CY23 results. The company revealed substantial growth in net sales and gross margins, alongside signi…

Karachi, Pakistan is on the brink of reporting its first annual current account surplus since 2011, as a successive monthly current account surplus in April 2024 pushed the year’s deficit down significantly. The current account surplus for April was re…

Karachi, Pakistan’s textile exports registered a modest decline of 4.8% month-over-month in April 2024, amounting to US$1.24 billion, as per a report by AKD Securities Limited. Despite this decrease, the sector’s performance remained stable on an annua…

Islamabad, The Government of Pakistan has authorized the Pakistan Stock Exchange (PSX), the National Clearing Company of Pakistan (NCCPL), and the Central Depository Company (CDC) to manage the upcoming auction of the ninth Government Ijarah Sukuk (GIS…

Istanbul, TCL Electronics, recognized globally as the second largest TV brand and leader in 98-inch televisions, hosted its MEA Product Launch 2024 at the Hilton Istanbul Bosphorus. The event featured the debut of the world’s largest QD-Mini LED TV, th…