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Pakistan’s Freelancers Generate Historic $1.76 Billion in FY26
Freelancers from Pakistan make an impressive amount of $1.76 billion of foreign currency in fiscal year 2025-26. These statistics have been provided by the State Bank of Pakistan (SBP). It is pertinent to mention that there is an impressive 78 percent rise from last fiscal year’s $984 million. What Caused
Pakistan Approves Daily Petroleum Pricing Mechanism
ISLAMABAD: A new pricing scheme for petroleum products that marks one of the biggest reforms ever implemented in the pricing system of Pakistan has been approved by the central government. Effective from now on, the new daily pricing system for petroleum in Pakistan, OGRA, will allow for all prices to
Sitara Group Owner Mian Muhammad Idrees Arrested at Lahore Airport in Rs12 Billion Power Fraud Case
LAHORE: Mian Muhammad Idrees, who is the owner of the Sitara Group of Faisalabad, has been apprehended by the Federal Investigation Agency from Allama Iqbal International Airport of Lahore in connection with a case involving the theft and fraud of electricity worth Rs12 billion. Sitara Group Mian Muhammad Idrees Arrest
PIBTL Eyes Role as Pakistan’s Minerals Export Gateway
The Pakistan International Bulk Terminal Ltd came up in order to address a particular issue, which was the unloading of millions of tonnes of imported coal at the Port Qasim while ensuring that Karachi was not blanketed in black dust because of that activity. After nearly a decade of operation,
Will PM Approve Rs40bn to Finally Complete Karachi’s K-IV Water Project?
KARACHI: A letter has been sent by the Jamaat-e-Islami (JI) to Prime Minister Shehbaz Sharif asking him to provide the money that would be required to complete the Karachi’s K-IV Project. Prime Minister Shehbaz is requested to release Rs40 billion in the form of deferred payments, which was raised by
Pakistan’s Petroleum Import Bill Surpasses IMF Projections
ISLAMABAD: Pakistan’s import costs for oil exceed IMF projections for fiscal year 2025-26, as a result of an unprecedented hike in international oil prices due to increasing tensions in the Middle East region. Documents show that the cost of importing petroleum to Pakistan per annum is $16.86 billion, higher than
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