ISLAMABAD, Nov 04 (INP-WealthPK): The International Labour Organization (ILO) is assisting the Pakistani government in implementing an emergency employment project in Jamshoro, Sindh province, after initiating a “quick infrastructure rehabilitation” project for the flood-affected population in Hanna Orak, Balochistan province. According to an ILO press release received by WealthPK, the project would be carried out by the Pakistan Workers Federation …

ISLAMABAD, Nov 03 (INP-WealthPK): Pakistan’s bilateral trade with Australia was recorded at $200 million during the first quarter of the current fiscal year, according to the State Bank of Pakistan (SBP). A decline of 7% was recorded in bilateral trade between Pakistan and Australia during Q1 2022-23 against the same period of last year. The volume of bilateral trade was …

ISLAMABAD, Nov 03 (INP-WealthPK): Pakistan and Kazakhstan have reiterated their steadfast commitment to establishing new linkages in the fields of science, technology, innovation and research. Federal Minister for Science and Technology Agha Hassan Baloch and the Kazakh Ambassador Yerhan Kistafin held a meeting here to discuss ways to expand the bilateral connections between the fraternal nations in the fields of …

ISLAMABAD, Nov 03 (INP-WealthPK): The government of Pakistan has been urged to adopt balanced exchange rate and taxation policies to promote exports and avoid the balance of payment crisis in the future, WealthPk reports. Noted economist Sakib Sherani told WealthPK that Pakistan needed a balanced exchange rate policy to handle the current economic situation in a better way. The policy …

ISLAMABAD, Nov 03 (INP-WealthPK): The current account of Pakistan posted a deficit of $2.2 billion in the first quarter of the current fiscal against $3.5 billion recorded in the corresponding period of the previous financial year mainly owing to an increase in exports and a decrease in imports, WealthPK reports. According to the monthly outlook for October 2022, released by …

ISLAMABAD, Nov 03 (INP-WealthPK): The government is taking multiple steps to establish new industries, promote the “made in Pakistan” concept and enhance export and employment opportunities in the country, WealthPK reports. According to an official document, a copy of which is available with WealthPK, the government has already formulated and implemented the policies including Mobile Device Manufacturing Policy and Auto …

ISLAMABAD, Nov 03 (INP-WealthPk): The Ministry of Information and Technology is set to roll out 5G service in three big cities of Pakistan by the end of the current year, reports WealthPk. Experts say 5G coverage needs very big cell site networks, as they cover internet service to a very limited area due to low latency and high-speed bandwidth. A …

ISLAMABAD, November 03 (INP-WealthPK): Recommendations have been forwarded by the National Assembly’s Standing Committee on Industries and Production for the withdrawal of “The Exports Processing Zones Authority (Amendment) Bill, 2019.” The decision was made in a meeting of the Standing Committee on Industries and Production under the chairmanship of Member National Assembly (MNA), Ghulam Mustafa, as the committee met to …

ISLAMABAD, November 03, (INP-WealthPK): Prime Minister Shahbaz Sharif’s agriculture package to farmers has been hailed across the board by experts and analysts as a comprehensive package that will boost agricultural productivity. According to a press release received by WealthPK, Chairman of Pakistan Hitech Hybrid Seed Association (PHHSA) Shahzad Ali Malik has said that farmers have not received a package of …

ISLAMABAD, Nov 03 (INP-WealthPK): Exports of textile products accounted for 63.19% of the country’s total exports during first quarter (July-September) of fiscal year 2022-23, according to the Ministry of Commerce. The export value of knitwear was registered at $1.32 billion during the first quarter (Q1) of the current fiscal year against $1.144 billion during the same period of last year, …