Everyday News

IFC boosts Pakistan's private sector with trade support, landmark projects. For more information, visit Graana News.

IFC boosts Pakistan’s private sector with trade support, landmark projects

August 4, 2022

KARACHI: The International Finance Corporation (IFC) doubled its trade financing program for Pakistan in the fiscal year 2022, with the goal of providing support to critical imports and boosting the country’s economy post-pandemic.  Between the period of July 1, 2022, and June 30, 2022, IFC has invested almost $680 million[...]
SECP enables WeChat service for Chinese investors

SECP enables WeChat service for Chinese investors

August 3, 2022

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) became the first regulatory body and public sector organisation on Tuesday to launch the WeChat service.  This will facilitate Chinese investors in making informed decisions about investment, and register companies in Pakistan with ease. With the use of WeChat, users can[...]
Pakistan completes last prior action for review. For more information, visit Graana News.

Pakistan completes last prior action for review: IMF

August 3, 2022

ISLAMABAD: The International Monetary Fund’s (IMF) representative stated on Tuesday that Pakistan has completed the final prior action required for the IMF agreement’s seventh and eighth review by increasing the Petroleum Development Levy (PDL). The resident representative, Esther Perez Ruiz, issued a statement, stating that ‘with the increase in PDL[...]
FBR collects net revenue of Rs458 billion in July FY22. For more information, visit Graana News.

FBR collects net revenue of Rs458 billion in July FY22

August 2, 2022

ISLAMABAD: The Federal Board of Revenue (FBR) collected a total revenue of Rs458 billion during July 2022, exceeding the set target of Rs 443 billion. According to figures released by the board, the last month of the fiscal year exceeded the monthly revenue target by Rs15 billion, representing an increase[...]
SECP to introduce digital AMCs

SECP to introduce digital AMCs

August 2, 2022

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) stated on Monday that it plans to launch digital asset management companies (AMCs) to promote financial inclusion and ease the process of investment.  The regulatory agency has published a related concept paper on its website for public information, according to which[...]
Pakistanis rank among top 10 real estate buyers in Dubai

Pakistanis rank among top 10 real estate buyers in Dubai

August 1, 2022

DUBAI: Dubai’s real estate market recorded 8,897 monthly sales transactions worth Dh22.75 billion, the highest volume reported for the month of June since the past nine years. Property consultant Betterhomes reported that, in the first half of the year, there was a 60% surge in residential real estate transactions, with[...]
Rawal Dam flyover project nears completion. For more information, visit Graana News.

Rawal Dam flyover project nears completion

August 1, 2022

ISLAMABAD: The Rawal Dam flyover project has entered its final stages as the project is set to be completed by the end of September. According to the Capital Development Authority (CDA), most of the filling work has been completed on both ramps of the flyover, with further instructions for compaction[...]
DHA Lahore has issued a final public notice of cancellation to allottees who have not payed their dues. For more information, visit Graana News.

DHA Lahore issues final notice for payment of dues

July 29, 2022

Defense Housing Authority Lahore has issued a final public notice of cancellation to allottees who have not payed their dues. The DHA administration has stated that the notice issued earlier had given a date of June 30, 2022 for payment of dues.  In the recent notice issued by the DHA[...]
PTI Chairman agrees to sign Charter of Economy. For more information, visit Graana News.

PTI Chairman agrees to sign Charter of Economy

July 29, 2022

ISLAMABAD: Pakistan Tehreek-e-Insaaf (PTI) Chairman Imran Khan has agreed to sign a Charter of Economy (CoE) to save the country from the current economic crisis. The Rawalpindi Chamber of Commerce and Industry (RCCI) has drafted the Charter of Economy.  In a meeting with the RCCI, Khan expressed his willingness to[...]

CDA cancels licenses of 14 housing societies

July 28, 2022

ISLAMABAD: The Capital Development Authority (CDA) has cancelled the licences of 14 housing societies that failed to register with the district administration. The societies were required to register in the districts they were located. Since they failed to comply with the requirements set in place by CDA, their licenses have[...]