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The delay in the procurement of wheat is causing problems for farmers in the cultivation of cotton crop. Citing sources in the provincial agriculture department, local media reported on Monday that Punjab may miss the cotton cultivation target owing to the wheat crisis. Sources said that the cotton cultivation target…

The Ministry of IT has established a project management unit (PMU) for the DEEP project, with Director General IT Asfandyar Khan temporarily appointed as the Project Director. In addition to the main PMU at the Ministry of IT, two more units have been set up at Ignite and the National…

The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278 in the interbank market. It was bearish all day and closed in red against the greenback. It also posted massive losses against other major currencies during today's session. The interbank…

National Bank of Pakistan (NBP) and TouchPoint, a leading provider of self-service solutions, have solidified their strategic partnership to expand the reach and optimize the efficiency of over 1,200 Diebold Nixdorf ATMs across NBP branches nationwide. The official signing ceremony, held at the National Bank Head Office in Karachi, marked…

The price of gold in Pakistan surged past the Rs. 250,000 per tola mark on Monday. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,300 per tola to Rs. 250,400, while the price of 10 grams went up by Rs.…

The National Accounts Committee (NAC) meeting is set to meet tomorrow (Tuesday) to conclude the calculations for Pakistan's economic indicators for the current fiscal year (FY24). The government had set the GDP growth target for the FY24 at 3.5 percent, with sectoral growth of 3.5 percent in agriculture; 3.4 percent…

Ambassador of Italy to Pakistan Marilina Armellin called on Minister for Finance Muhammad Aurangzeb at the Finance Division today to discuss the cooperation and longstanding relations between Pakistan and Italy. The minister highlighted the significant improvements in Pakistan's economic landscape. He discussed the government's achievements, in decreasing the current account…

The Competition Commission of Pakistan (CCP) conducted a hearing in the poultry cartelization case, wherein the Pakistan Poultry Association (PPA) presented its defense against allegations of price fixing. This hearing was fixed after show-cause notices were issued to PPA and eight other entities for cartelization. The CCP's investigation revealed prima…

A leading telecom company has conveyed to the Federal Board of Revenue (FBR) that the telecom operator has blocked 3,064 SIMS of non-filers under protest with apprehension of litigation with the tax department. According to the communication of the operator to the FBR, 'since FBR is enforcing the implementation of…

Ambassador of Sweden to Pakistan Henrik Persson called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Monday. Views were exchanged on matters of mutual interest and boosting cooperation in the field of IT and telecommunication between the two countries. While talking to the Swedish Ambassador, the…

aiSight, a startup that uses AI to analyze data to provide market share insights to the Consumer-Packaged Goods (CPG) industry, has joined the NielsenIQ Partner Network. This will allow aiSight access to NielsenIQ's retail retail sales data globally, to be provided to mutual clients. As part of the partnership, the…

Special Technology Zones Authority (STZA) of Pakistan has successfully transitioned its manual procurement processes to e-procurement, marking a significant milestone in the country's technological advancement. The adoption of e-procurement aimed at promoting transparency, accountability, and efficiency in public procurement practices as per PPRA directives. The shift to e-procurement streamlines the…