By NewzTodays Editorial Team | December 22, 2021

Ibn-e-Ameer The government has decided to facilitate car manufacturers to manufacture left-hand cars for export purposes only under the new auto policy 2021-26. The government has also extended the new product policy up to up to 1000CC instead of 850CC vehicles under the auto industry development and export policy (AIDEP) 2021-26. The economic coordination committee…

By NewzTodays Editorial Team | December 21, 2021

Ibn-e-Ameer After the Afghan Taliban take control, Pakistan has approved new routes for flights between Pakistan and Tajikistan via Afghanistan. The air traffic route between Pakistan and Tajikistan via Afghanistan will save time and fuel. Earlier, Tajikistan had started a direct flight between Lahore and Dushanbe but it could not continue due to less traveling….

By NewzTodays Editorial Team | December 21, 2021

Ibn-e-Ameer The federal government has approved an extension to exchange old design banknotes up to Rs 1000 till December 31, 2021. Earlier, the government had set a deadline for exchanging old design banknotes of Rs 10, Rs 50, Rs 100, and Rs 1000 up to December 31, 2021. The Finance Division had proposed the government…

By NewzTodays Editorial Team | December 20, 2021

News Report Energy products have pushed import bills to record high during the month of November 2021.   Pakistan Bureau of Statistics (PBS) released figures which showed that energy products, agriculture/chemicals, and machinery groups contributed most to the 24%MoM increase in Nov’ 21 import bill.   Imports during the Nov’ 21 ballooned to US$7.9bn whereas…

By NewzTodays Editorial Team | December 20, 2021

TRG Pakistan has decided to buy back its shares through Special Purpose Vehicle (SPV). After a decision by the Board of Directors of TRG Pakistan, TRG International (TRGI) is likely to house TRG Pakistan’s portion of liquid assets worth USD 120 million in a separate SPV. The purpose of the SPV will be to purchase…

By NewzTodays Editorial Team | December 20, 2021

Aftab Ahmed Islamabad: Chilling December seems heavy on the wallet of electricity consumers. At the start of the month, they have already been dispatched inflated bills due to high prices of electricity for the month of October under FCA. Now CPPA has again filed a petition under FCA for the month of November seeking again…

By NewzTodays Editorial Team | December 14, 2021

Aftab Ahmed Islamabad: The Cabinet Committee on Energy (CCoE) is likely to approve a set of measures to ease oil import in Pakistan at Karachi Ports. CCoE scheduled to meet on Thursday will consider these measures for formal approval.   Furthermore, the petroleum division has proposed different measures to remove constraints in the import of…

By NewzTodays Editorial Team | December 14, 2021

News Report State Bank of Pakistan (SBP) on Tuesday increased the Policy rate by 100bps to 9.75% in Pakistan.   SBP in its latest Monetary Policy Statement (MPS) hiked the Policy Rate by 100bps to 9.75% from 8.75%, taking a cumulative increase to 275bps over the last three months.   This follows the market’s expectations….

By NewzTodays Editorial Team | December 13, 2021

News Report  The cabinet has exempted the Ministry of Industries and Production from PPRA rules to import 100,000 metric urea fertilizer through the Trading Corporation of Pakistan (TCP). The government had decided to import 100,000 metric tons of urea fertilizer to break the cartel of dealers’ mafia. As many as 343000 metric tons of urea…

By NewzTodays Editorial Team | December 7, 2021

News Report Made in Pakistan Mobiles go on rising that has resulted in saving of US$410 million on foreign exchange. The import of manufactured or Completely Built Units (CBU) has dropped whereas that of mobile phone components (CKD) is on the rise.   During July-November 2021, the import of CBU has witnessed a sharp decline…