ISLAMABAD, Dec 15 (INP-WealthPK) – Lack of awareness about financial literacy is the leading cause of poor financial decision-making that’s stressing the Pakistani economy, reports WealthPK. Financial literacy is the education and understanding of how the money is made, spent and saved as well as the skills and ability to use the financial resources to make decisions. The State Bank …

  ISLAMABAD, Dec. 15 (INP-WealthPK) — Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has urged universities to move quickly to provide new courses in entrepreneurship and exports for students to benefit the country’s economy. Speaking at the two-day 19th International Conference on ‘Frontiers of Information Technology’ (FIT-2022) organised by COMSATS University Islamabad (CUI), he emphasised the significance …

  ISLAMABAD, Dec. 15, (INP-WealthPK)—Federal Minister for Industries and Production Syed Murtaza Mahmud has reiterated the need for increasing exports through import-substitution policies to rescue the country from its perennial economic mess. He was talking to a delegation of industrialists and businessmen from the Karachi Export Processing Zone Authority. The Minister said that concerted efforts on part of the government …

  ISLAMABAD, Dec. 15, (INP-WealthPK)—Japan and Pakistan Economic & Cultural Association (JPECA) has been formally constituted to promote economic and cultural ties between the two countries. JPECA will work to bring together business leaders, chambers of commerce, social organizations and industrial associations of the two countries. The main objective of the association will be to foster linkages between the entities …

  ISLAMABAD, Dec. 15 (INP-WealthPK) — Investment in technology and research and development would help Pakistan to increase productivity in the agriculture and industry sectors and reduce its reliance on imported machinery, WealthPK reports. Presently, large industries of Pakistan like textile, construction and energy meet their demand for machinery through imports. The country can reduce its dependency on imported machinery …

  ISLAMABAD, Dec. 15 (INP-WealthPK) — Federal Minister for Industries and Production Syed Murtaza Mahmud has instructed the Export Processing Zones Authority (EPZA) to immediately address investor concerns to encourage domestic and foreign investment. While presiding over a meeting of EPZA executives, he emphasised the importance of creating laws and regulations that regulate export processing zones to make them welcoming …

  ISLAMABAD, Dec. 14 (INP-WealthPK) — Adoption of technology is very important to fight future challenges of health and for the provision of quality higher education to students from all strata of society. These observations were made by experts at a symposium titled “Post-COVID Higher Education Challenges and Way Forward,” organized by the OIC’s COMSTECH, in collaboration with the American …

  ISLAMABAD, Dec. 14 (INP-WealthPK) — A science and technology cooperation centre has been established in Beijing to enhance collaboration between Pakistan and China. The centre will facilitate collaboration between individuals, companies and institutions in both countries. Shahid Raza, Strategic Communications Lead, Special Technology Zones Authority (STZA), told WealthPK that the STZA and the China Zhongguancun Belt and Road Industrial …

ISLAMABAD, Dec. 14 (INP-WealthPK)—No change has been observed in the Sensitive Price Indicator (SPI) of weekly inflation for the week that ended on December 8, 2022, for the combined consumption group. According to the data released by the Pakistan Bureau of Statistics (PBS), SPI remained unchanged for the week ending on December 8 over the previous week. SPI remained constant …

  ISLAMABAD, Dec. 14 (INP-WealthPK) — Saffron has been successfully grown for the first time in the Bara tehsil of the Khyber district, and now harvesting has begun, Director Agriculture for the Khyber district Ziaul Islam Dawar has said. Compared to other crops, saffron has brought in a sizable profit for farmers, he said and added that the Tirah valley …