A young man named Khalid of Layyah, Punjab has developed an all-electric mini-tractor from commonly available components, according to a recent media report. The intention behind its creation is to reduce air pollution caused by toxic emissions from tractors with traditional internal combustion engines. Khalid told the media that the tractor was built at a cost of just Rs 40,000, adding that...
Islamabad: Foreign Minister Shah Mahmood Qureshi urged Egyptian companies to invest in Pakistan by highlighting the incentives the government is offering to foreign investors in various sectors, including housing, energy and health, Radio Pakistan reported on Wednesday, February, 2021. The FM is on an official two-day visit to Egypt at the invitation of it’s Egyptian counterpart, Sameh Hassan...
RUPEE STRENGTHENS AGAINST DOLLAR Rupee Strengthened Against the US dollar to 159.31 rupees The rupee strengthened against the US dollar to 159.31 rupees in the interbank market on Wednesday compared with a close of 159.34 rupees on Tuesday, according to the State Bank of Pakistan (SBP). Previously, the SBP allowed the rupee to depreciate massively in the interbank market after the completion of an...
SBP allows housing loan on personal guarantee KARACHI: In order to make it easier for banks to extend the financing of low-cost housing, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee from a third party to finance low-cost housing to cover the risks of the mortgage. The news reported on Tuesday, February, 16, 2021 Currently, applicants face...
Mera Pakistan Mera Ghar: SBP launches Service Desk Portal for the resolution of complaints Islamabad: According to a report released on January 25, 2021, Bridging the existing gap through technological advancements, the State Bank of Pakistan (SBP) has launched a “SBP Service Desk Portal” for people benefiting from the government markup grant scheme under the "Mera Pakistan Mera Ghar initiative....
The country took another step towards the digital world with the launching of Raast initiative. It is Pakistan’s first instant payment system. Thus, it enables end-to-end digital payments among individuals, businesses and government entities within seconds. Prime Minister Imran Khan launched the Raast at a ceremony. The initiative is part of the prime minister’s “Digital Pakistan Vision”....
