Widespread rain wind-thunderstorm with snowfall over the hills is expected in Balochistan, Sindh, Khyber Pakhtunkhwa, Islamabad, Punjab, Gilgit Baltistan and Kashmir during the next twelve hours.Isolated heavy falls are also likely in Balochistan durin...
Read More »Daily Archives: January 4, 2022
IT Ministry Sets $20 Billion Revenue Target by 2025 Under New Broadband Policy
The Ministry of Information Technology and Telecommunication has drafted the “National Broadband Policy-2021”, targeting the contribution of digital/broadband development to the economy to the tune of $5 billion investment and $20 billion revenue by 20...
Read More »Govt to Set up National Institute of Intelligence & Security Studies at QAU
The federal government has decided to establish an institute, called the National Institute of Intelligence and Security Studies (NISS), at Quaid-e-Azam University (QAU).Sources told ProPakistani that the federal cabinet on Tuesday approved the proposa...
Read More »FBR Increases Sales Tax on Petroleum Products
The Federal Board of Revenue (FBR) on Tuesday revised and increased the rates of sales tax on petroleum products.According to the FBR SRO 1(I)/2022, THE sales tax on petrol has been increased from 1.63 percent to 4.77 percent from January 1, 2022. And,...
Read More »Rupee Starts 2022 With Losses Against the US Dollar
The Pakistani Rupee (PKR) has kicked off 2022 by reversing last week’s gains against the US Dollar (USD) in the interbank market today. It depreciated by 23 paisas against the greenback after hitting an intra-day high of Rs. 176.1 against the latter du...
Read More »Tech and IT Companies Allowed to Set Up Digital Bank Under New SBP Framework
The IT, technological, and financial service providers will now be allowed to set up or sponsor a digital bank, as the State Bank of Pakistan (SBP) has launched its new licensing and regulatory framework. SBP will accept applications till March 31 and ...
Read More »Here’s How Much Funding Pakistani Startups Raised in 2021
2021 was a monumental year for the Pakistani startup ecosystem. A large number of startups raised multiple rounds in the year including the likes of Bazaar, Abhi, TAG, and many more helping the ecosystem raise 450 per cent more than 2020.Looking back a...
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