Aug 21, 2024 · Pakistan’s pharmaceutical industry saw remarkable growth in FY24, with sales reaching Rs916 billion (USD 3.3 billion), a 22% year-on-year (YoY) increase in PKR terms, and a 7% rise in USD terms. This growth surpasses the previous five-year (FY20-FY24) Compound Annual Growth Rate (CAGR) of 17%. In the fourth quarter of FY24, the sector posted its highest-ever quarterly sales, recording Rs237 ...

Mar 4, 2022 · The Gross Domestic Product (GDP) in Pakistan was worth 263.69 billion US dollars in 2020, according to official data from

14 August 1947 saw the creation of an independent Muslim country called Pakistan. While the struggle for independence was complete, the new country was severely handicapped in economic terms. The country inherited few resources and consisted of an agrarian economy. Thus, from day 1, the economy had to be improved drastically. 1947-1950 The period from 1947-1950 saw minimal economic growth due ...

Nov 13, 2024 · Abhi Private Limited, a rising fintech firm operating in the Middle East and Pakistan, has joined forces with tech conglomerate TPL Corp. Limited to acquire FINCA Microfinance Bank Limited. This significant acquisition, announced on Tuesday, is expected to strengthen the financial landscape in Pakistan and broaden access to essential financial services across underserved regions. FINCA ...

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Nov 26, 2024 · Pakistan has emerged as the sixth-largest solar market globally, according to a World Economic Forum (WEF) report, which highlights the country’s rapid adoption of solar energy as a model for other emerging markets. This shift is driven by declining solar panel costs, surging electricity tariffs, and a pressing need to tackle its energy crisis through renewable resources. The report ...

Dec 16, 2024 · Pakistan has entered into an agreement with a Chinese company to establish 3,000 Electric Vehicle (EV) charging stations across the country. The project, which spans the motorway from Peshawar to Karachi, aims to enhance the infrastructure for electric vehicles and is expected to attract approximately $350 million in foreign investment. Malik Khuda Bakhsh, Convenor of the Energy Standing ...

Sep 17, 2024 · Two major Chinese firms are set to establish textile plants in Pakistan, thanks to an agreement facilitated by the Special Investment Facilitation Council (SIFC). Rainbow Industries Ltd. and Shaoxing Chemical Industry will collaborate to enhance Pakistan’s textile sector by producing affordable raw materials. This venture, which involves millions of dollars in investment, aims to address key ...

Dec 7, 2024 · The National Electric Power Regulatory Authority (NEPRA) has reduced the electricity tariff by Rs1.14 per unit as part of a fuel price adjustment, state-run media reported on Saturday. The adjustment, which will be reflected in December’s electricity bills, aims to provide much-needed relief to citizens and businesses grappling with rising electricity costs. The reduction comes after months ...

Jan 13, 2025 · Finance Minister Muhammad Aurangzeb is participating in the two-day Asian Financial Forum (AFF) summit in Hong Kong, where he is set to engage with global financial leaders and business experts to navigate Pakistan’s path toward economic recovery. The AFF, a premier platform in the region, unites ...