Despite the availability of pre-activated Sims for Haj pilgrims, telecom firms have launched competitive one-month packages that would cost less than Saudi Arabian Sims. Under a new facility for pilgrims this year, every individual performing Haj under the government scheme will be provided with one Ufone Sim containing eight GB data and 200 calling minutes. While Ufone will provide Sims to
Mobile manufacturers have urged the government to adopt conducive policies to encourage large-scale assembly of smartphones, which will also boost exports. In a letter to the Federal Board of Revenue (FBR), which is currently finalising taxation proposals for the upcoming budget, the Pakistan Mobile Phone Manufacturers Association (PMPMA) highlighted that the existing tariff structure favoured
Imports in the second half of the outgoing fiscal year increased significantly, reflecting the easing of restrictions by the State Bank of Pakistan (SBP) on the International Monetary Fund’s directions. The country’s import bill surged to $17.92bn in January-April compared to $25.462bn in July-December FY24. Currency experts said the interbank market was experiencing higher demand for dollar
Minister for Petroleum Musadik Malik on Sunday said that according to both internal and external economic indicators, the country’s “economy is heading in the right direction”. In an interview with Geo News programme Naya Pakistan with Shehzad Iqbal, he said that friendly nations and international economic institutions such as the IMF and World Bank have provided positive signals about Pakistan
Aggressive value-hunting amid expectations of a reduction in the SBP policy rate next month, pushed the benchmark KSE index again above 75,000 on Thursday. Ahsan Mehanti of Arif Habib Corporation said a slight cut in yields by up to 5bps on different tenors of Pakistan Investment Bonds in the last auction strengthened market hopes for a decrease in the key interest rate as inflation is expected