ISLAMABAD, May 28 (INP) – The Oil and Gas Development Company Limited (OGDC), the country’s leading state-owned oil and gas firm, posted increases in revenue, gross profit, and net profit during the nine months (July-March) of the ongoing Fiscal Year 2023-24 compared to the corresponding period of the previous fiscal, reports WealthPK. During 9MCY24, the company pushed its revenue up …
ISLAMABAD, May 28 (INP) – Promotion of Central Karakoram National Park (CKNP) at the global level will help increase the tourist footfall, promoting the cottage industry as a sound source of sustainable income and bringing socio-economic prosperity to the entire region, Rahat Karim Baig, Deputy Director Tourism Department of Baltistan, said this while talking to WealthPK. “The park spans 10,00,000 …
FAISALABAD, May 28 (INP) – The allocation of Rs400 billion by the Punjab government is set to be a massive financial boost for farmers, rural communities and the agriculture sector, Dr. Malik from the University of Agriculture, Faisalabad, told WealthPK. He said modern agricultural machinery is crucial for the sector, which is grappling with multiple problems, mainly due to climate …
ISLAMABAD, May. 28 (INP) – In a significant push towards modernizing its economy, Pakistan’s government has emphasized the necessity of end-to-end digitization of financial institutions. This move is seen as a cornerstone for fostering economic development and enhancing the efficiency and transparency of financial operations within the country. Speaking at a recent economic forum, Finance Minister Senator Muhammad Aurangzeb underscored …
KARACHI, May 24 (INP) – The industrialists operating in the Hub Industrial Area of Balochistan have sought a proper policy and action from the federal and provincial governments to resolve the issues impacting the area industries, reports WealthPK. According to them, inconsistent gas supply, and damaged roads between Karachi and Hub are hindering the industrial sector’s growth and seriously denting …
ISLAMABAD, May. 24 (INP) — Pakistan’s agriculture sector has exhibited resilience and growth during the first half of the ongoing fiscal year, contributing significantly to the country’s economic recovery, reveals State of Pakistan’s Economy Report for 1HFY24. Pakistan’s real GDP saw a positive trajectory in the first half of FY24, recording a growth of 1.7% compared to 1.6% in the …
FAISALABAD, May 24 (INP) – The future of Pakistan’s sugarcane farmers and the attached industry can be made brighter by resolving the issues being faced by the growers. This is the gist of views solicited by WealthPK during interviews with the growers and agricultural experts from Faisalabad. Afzal Ali, a sugarcane grower from Tandlianwala, told WealthPK that the farmers were …
ISLAMABAD, May. 23 (INP) – Chinese tech giant Huawei has emerged as a key player in expanding and modernizing Pakistan’s communication infrastructure to accelerate the country’s digital transformation journey. Talking to WealthPK, Atta-ur-Rahman, Senior IT Service Engineer at Huawei Pakistan, highlighted the company’s pivotal role in supporting Pakistan’s digitalization efforts by providing innovative solutions to businesses and consumers, with a …
ISLAMABAD, May 23 (INP) – The primary source of finance for developing countries such as Pakistan comes from private sector investments. The private sector investments in Pakistan are heavily influenced by a small number of strong firms and their decisions influence the interest rates as well as several other factors. Talking to WealthPK, Additional Secretary Finance Aamir Nazir Gondal said …
ISLAMABAD, May 23 (INP) – Agritech Limited ended the first quarter of the ongoing calendar year 2024 with a gigantic growth of 999% in net sales to Rs9.24 billion, reports WealthPK. Additionally, a gross profit of Rs1.63 billion was earned in 1QCY24 compared to a gross loss of Rs551.27 million in 1QCY23, representing a notable spike of 396.32%. The gross …
