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 …
KARACHI, May. 23 (INP) – Entrepreneurs in the Hub Industrial and Trading Estate (HITE) in Balochistan have demanded the federal and provincial governments resolve their issues, particularly those related to infrastructure development and gas supply, which are severely denting their operational capabilities. The businessmen have long been demanding consistent gas supply with proper pressure, improved road connectivity between Karachi and …
ISLAMABAD, May. 22 (INP) — Pakistan has prioritized the development of business-to-business (B2B) ventures and Special Economic Zones to attract foreign direct investment. This strategic initiative emphasizes collaboration between the public and private sectors to spur sustainable economic development. Talking to WealthPK, Jamshed Ahmed, Investment and Industrial Specialist at the CPEC Authority, Ministry of Planning, Development and Special Initiatives, said …