Closure of Engro’s LNG Terminal to be Decided in 3 Days
After taking the opinion of the Law Division, the Cabinet Committee on Energy (CCOE) will decide whether to delay the shutdown of the Engro LNG Terminal or to continue operations, within 72 hours, the Secretary Petroleum, Dr. Arshad Mehmood, informed a…
IMF’s Program is Intact, Next Review will be in August: Finance Ministry
The International Monetary Fund (IMF) program is intact, and a new mission is expected to arrive in August to review the full year’s economic performance.The government is committed to reforms and has made significant progress since the program was lau…
Pakistani Rupee Becomes the Worst Currency Against US Dollar in Asia
The Pakistani Rupee (PKR) has crossed the Rs. 157 exchange rate against the US Dollar (USD) for the first time since March 2021. PKR closed above Rs. 157 today after posting losses continuously for five weeks, with sporadic improvements.It was not long…
KeepTruckin Raises $190 Million in New Funding
KeepTruckin – a fleet management technology company – announced that it has raised $190 million in new funding from G2 Venture Partners, Index Ventures, Greenoaks, IVP, Scale Venture Partners, funds managed by BlackRock, and several other leading inves…
SBP Unveils Policy of Financial Inclusion for Persons with Disabilities
In a major initiative, the State Bank of Pakistan (SBP) unveiled a comprehensive policy to enhance the financial inclusion of Persons with Disabilities (PWDs).This policy initiative aims at improving financial independence for PWDs by improving access …
Pakistan’s Startup Ecosystem Improved by 7 Places Globally
The Pakistani startup ecosystem has had a positive year, moving 7 spots to 75th globally and 2nd in South Asia, according to the “Global Startup Ecosystem Index 2021,” report released by StartupBlink.The improvement in the ranking shows a thriving cult…