By NewzTodays Editorial Team | August 26, 2021

Islamabad: Pakistan’s First Asset Management Company, National Investment Trust Limited (NITL) is in the process of launching two new funds, NIT – Social Impact Fund (NIT-SIF) and NIT- Islamic Money Market Fund (NIT-IMMF). To introduce the new funds and discussing NIT’s performance, MD NITL – Mr. Adnan Afridi met the MD of Fauji Foundation Mr. Waqar…

By NewzTodays Editorial Team | August 26, 2021

Moin Khan Sales of urea fertilizer have surged by 8% year on a year basis (YoY) to 0.62 million tons on July 21 owing to better farm economics and pre-buying by dealers in anticipation of rising in urea prices reveals data released by NFDC. This takes the inventory levels to 0.32 million tons at the end…

By NewzTodays Editorial Team | August 25, 2021

Economic Coordination Committee (ECC) has approved the import of sugar and wheat keeping in view the situation in Afghanistan. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet. The ECC approved the import of 200,000 MT of Sugar with immediate effect through…

By NewzTodays Editorial Team | August 25, 2021

Ibne-e-Ameer The Cabinet Committee on Energy (CCoE) has directed the power division and NTDC to proceed ahead with Lucky’s 660 MW transmission line interconnection project in line with the prior timeline. Due to the government’s inability to complete transmission line work on time, Lucky Cement’s 660-megawatt local coal-fired power project worth over $1 billion has…

By NewzTodays Editorial Team | August 23, 2021

Pakistan will make full participation in Expo 2020 in Dubai that will start on October 1, 2021. It will continue for six consecutive months. Prime Minister Imran Khan chaired a review meeting on Pakistan’s participation in Expo 2020 in Dubai. He also deliberated preparations the commerce ministry had made in this regard. Information Minister Chaudhry Fawad…

By NewzTodays Editorial Team | August 21, 2021

Government announces to launch “Roshan Apna Ghar” scheme The government has approved Rs 13.1 billion funds for the points’ accumulation structure of the National Remittance Loyalty Program. Earlier, the government had decided to launch the “National Remittance Loyalty Program” to facilitate overseas Pakistanis. Finance Division had submitted a summary before the economic coordination committee (ECC)…

By NewzTodays Editorial Team | August 20, 2021

Aftab Ahmed Islamabad: The National Highway Authority (NHA) and MORE Administration have increased Toll Rates on M-2 by 10 % with a minimum of Rs 40 to a maximum of Rs 910 for vehicles. The existing tolling rates of Rs 830 have been revised to Rs 910 for vehicles using Islamabad—Lahore (M-2). The NHA and…

By NewzTodays Editorial Team | August 20, 2021

Islamabad: Cabinet committee on energy (CCoE) on Friday approved exemption of generation license for small-scale RE-based systems up to 25 kW for net metering. CCoE approved the proposal of the Power Division for eliminating the need for generation licenses for small-scale RE-based systems (upto 25 kW) for net metering. The measure will greatly facilitate consumers…

By NewzTodays Editorial Team | August 20, 2021

Ibn-e-Ameer Islamabad: The new auto policy 2025-26 in Pakistan aims at promoting small cars and localization. It offers incentives for the introduction of new products in tractors and motorcycles.   It will help to protect consumers and to promote new technologies i.e. EVs and Hybrids. It targets export markets.   The government of PTI had…

By NewzTodays Editorial Team | August 18, 2021

Afghan Taliban have halted exports and imports from India through the transit route of Pakistan after they take over Kabul. India has been a key partner of Afghanistan during the Ghani government which made huge investments and was involved in the trade. Indian Media has reported quoting Ajay Sahai Director General (DG) of Federation of…