ISLAMABAD, Dec. 02 (INP-WealthPK): The State Bank of Pakistan (SBP) is set to launch a quick response (QR) code-based person-to merchant (P2M) or request-to-pay functionality, which will enable merchants and small businesses to receive instant payments from their customers. Talking to WealthPK, renowned expert on digital economy and Chairman of Pakistan Fintech Forum Syed Nadeem Hussain welcomed the initiative of …

ISLAMABAD, Dec 02 (INP-WealthPK) Although the resumption of the IMF program will ease some pressure on the foreign exchange reserves of Pakistan bringing some short-term relief for the economy, it will certainly increase problems for the government in the long term, said leading economist and Principal of National University of Science and Technology (NUST) Dr. Ashfaq Hassan Khan. “It has …

ISLAMABAD, Dec. 02 (INP-WealthPK) — Pakistan Railways is ready to run the Green Line Train in December, in order to better serve passengers and bring in more revenues for the railway department. A Pakistan Railways ministry official said the train will offer the greatest travel amenities, including delicious cuisine and reasonably priced tickets. He stated that separate LCD screens would …

ISLAMABAD, Dec 02 (INP-WealthPK) – An agricultural specialist has urged the gram cultivators to finish the late sowing of crops definitely by December 10, and ensure there are 85,000 to 95,000 plants per acre to generate enough yield. Pulses Director of Ayub Agricultural Research Institute Chaudhry Muhammad Rafiq said that September 25 to November 15 is the ideal period for …

ISLAMABAD, Dec. 02, (INP-WealthPK) — Special Assistant to the Prime Minister (SAPM) for Industries and Production, Tasneem Ahmed Qureshi, has said that the government is working to balance the demand and supply of fertilizers in the country. He said fertilizers are very important for the success of agricultural sector since without them crop yields decrease from their desired levels. He …

ISLAMABAD, Dec. 01 (INP-WealthPK) — The only way to improve Pakistan’s water situation, according to Chairman Water and Power Development Authority (WAPDA) Lt Gen (Retd) Sajjad Ghani, is to build additional dams, save water, use contemporary irrigation methods, and reduce water loss via evaporation. He made these remarks while answering questions at a briefing held at the WAPDA House for …

ISLAMABAD, Dec. 01 (INP-WealthPK): Pakistan earned $263.840 million by providing transport services in various countries during the first three months of the current fiscal year (2022-23) compared to the corresponding period of last year. This shows a growth of 75.95% compared to $149.950 million earned through the provision of services during the corresponding period of 2021-22, according to the Pakistan …

ISLAMABAD, Nov. 28 (INP-WealthPK) — The building of Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) has accelerated because the products manufactured by Pakistan’s textile, leather, pharmaceutical, and surgical tool sectors are among the best in the world. These opinions were voiced by S.M. Naveed, the chairman of the Punjab government’s Special Economic Zones (SEZs), during a meeting …

ISLAMABAD, Dec. 01 (INP-WealthPK): Oil and Gas Development Company Limited (OGDCL) carried out 221 line-km 2D and 21 square-km 3D seismic surveys in its various operational areas during the first quarter of the current fiscal year to discover hydrocarbon reserves. “The acquired 221 line-km of 2D seismic data and 21 sq-km of 3D seismic data represents 49% of total 2D …

ISLAMABAD, Dec 01 (INP-WealthPK) – Situated at around 90 kilometers from Karachi, Jhimpir is the center of Pakistan’s greatest wind corridor, having the capacity to produce 11,000 megawatts (MW) of clean and green energy, reports WealthPK. In 2009, Pakistan’s first wind project was started in this corridor with just a few turbines and by 2012, the installed capacity reached 56MW. …