ISLAMABAD: Pakistan’s textile and apparel exports, the linchpin of the nation’s economy, rose nearly 10% year-on-year to $3.2 billion in the first two months of the fiscal year, driven by robust demand for knitwear and readymade garments, official data showed.
Technology
Pakistan’s satellite internet push nears finish line, but regulatory hurdles persist – reports
ISLAMABAD: Pakistan is on the cusp of a high-speed internet revolution as the Pakistan Telecommunication Authority (PTA) finalizes preparations to introduce satellite-based internet services, with at least five global players eyeing entry into the South Asian market, Dawn newspaper reported on Thursday.
Pakistan, Iran sign trade pacts targeting $10 billion in bilateral commerce
ISLAMABAD: Pakistan and Iran signed a raft of protocols on Wednesday aimed at enhancing bilateral trade to $10 billion annually, a near tripling of current levels.
IHC voids telecom regulator chief’s appointment, orders immediate removal
ISLAMABAD: The Islamabad High Court ordered the immediate removal of the chairman of the state telecoms regulator on Tuesday, ruling his appointment illegal and tainted by procedural flaws.
Pakistan invites global crypto exchanges to apply for licenses under new regulator
ISLAMABAD: Pakistan is throwing open its doors to the global cryptocurrency industry, inviting major exchanges and virtual asset service providers (VASPs) to apply for licenses in a bid to formalise its burgeoning digital economy.
Car sales surge 62 percent in August on financing, stronger sentiment
KARACHI: Pakistan’s auto market accelerated in August, with car sales soaring 62% year-on-year, fueled by improved consumer confidence and easier access to bank financing, industry data showed on Thursday.
Yamaha Motor Pakistan to halt motorcycle production, maintains parts and warranty services
KARACHI: Yamaha Motor Pakistan Ltd (YMPL), a subsidiary of Japan’s Yamaha Motor Co., will cease motorcycle manufacturing in Pakistan but continue supplying spare parts and honoring warranty services, the company announced on Tuesday, marking a significant shift in its regional strategy.
Pakistan, China to share trade data electronically to curb under-invoicing
ISLAMABAD: Pakistan and China have agreed to exchange trade documents and data electronically to curb rampant under-invoicing that’s plagued Pakistan’s economy, as the two nations seek to deepen ties in trade, defence and technology amid ongoing regional tensions.
Pakistan telecom regulator says SIM data leak not from licensed operators
ISLAMABAD: Pakistan’s telecommunications regulator said an audit found no security breaches in the licensed sector after media reports alleged that sensitive mobile SIM card data, including that of Interior Minister Mohsin Naqvi, was being sold online.
FAA begins review of Pakistan aviation safety standards after five-year US ban
KARACHI: The US Federal Aviation Administration (FAA) began reviewing Pakistan’s aviation standards on Monday, a Pakistan Civil Aviation Authority (PCAA) spokesperson said, as Islamabad seeks to restore direct flights to the United States after a five-year ban.