Only 38,000 Out of 23 Lac Freelancers Have Bank Accounts

Freelancing has become a pivotal source of income for millions in Pakistan, with over 23 lac (2.3 million) individuals contributing to the gig economy. Despite this massive workforce, a shocking statistic has emerged: only 38,000 freelancers have registered bank accounts. Financial Exclusion: A Major Challenge The limited number of freelancers with bank accounts highlights…

December 13, 20240Comments 589Views 0Likes

Featured Finance Ideas News People Politics Trending

New Uraan Pakistan National Economic Transformation Plan 2024-2029: A Path to Prosperity

Prime Minister Shehbaz Sharif has unveiled the New Uraan Pakistan National Economic Transformation Plan 2024-2029, a groundbreaking roadmap for sustainable and high economic growth. The initiative aims to expand Pakistan's economy from its current size of $374 billion to an ambitious $1 trillion by 2035. This plan promises to redefine the country’s economic landscape with…

December 11, 20240Comments 503Views 0Likes

Pakistan Stock Exchange Surges Beyond 100,000 Points: A Historic Economic Milestone

The Pakistan Stock Exchange (PSX) has made history, with the benchmark KSE-100 Index surpassing the 100,000-point mark for the first time ever. This remarkable achievement underscores growing investor confidence and a significant turnaround in the country's economic trajectory. Government Policies Drive Investor Confidence Prime Minister Shehbaz Sharif attributed the PSX's historic milestone to the…

November 28, 20240Comments 80Views 0Likes

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IMF Demands Higher Petroleum Taxes: Pakistan Faces Rs. 45/Liter Spike

IMF’s Tax Demand: Pakistan’s Petroleum Prices Set to Surge The International Monetary Fund (IMF) has urged Pakistan to impose an 18% sales tax on petroleum products, potentially spiking the prices of MS Petrol, High-Speed Diesel (HSD), kerosene oil, and light diesel oil (LDO) by up to Rs. 45 per liter. This demand comes after Pakistan’s…

November 22, 20240Comments 170Views 0Likes

Finance News People

Increase in Oil and Ghee Prices upto 65 Rs

In recent weeks, Pakistani consumers have felt the impact of rising costs on essential items like cooking oil and ghee. While the Utility Stores Corporation (USC) has reduced sugar prices slightly, the price surge in other basic commodities keeps adding pressure on household budgets. This article explores the recent changes in cooking oil and ghee…

November 11, 20240Comments 66Views 0Likes

News People Politics

Why PML-N Wants to Buy PIA Now: The Story Behind Air Punjab

The recent announcement by Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif about potentially launching a new airline, "Air Punjab," or acquiring the struggling Pakistan International Airlines (PIA) has stirred discussions across the country. With Nawaz Sharif's daughter, Chief Minister Maryam Nawaz, reportedly considering this venture, questions arise: Why has the PML-N suddenly taken an interest…

November 3, 20240Comments 60Views 0Likes

Featured Finance News People

FFC Reports 45% Profit Surge with Major Support for Farmers in Q3 2024

Fauji Fertilizer Company (FFC), a leading fertilizer producer in Pakistan, has released promising financial results for the quarter ending September 30, 2024. Here's an overview of its key achievements and strategies this quarter. Profit Growth FFC’s consolidated profit surged by 45% to Rs22.59 billion, up from Rs15.62 billion in the same quarter last year.…

October 28, 20240Comments 67Views 0Likes

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