ISLAMABAD, June 03 (INP) – Hazarganji Chiltan National Park (HCNP) should be promoted overseas as a tourist hotspot in order to increase the footfall of foreign tourists. It will open new windows of business opportunities and increase revenue, said Dawood Tareen, Director of Culture and Tourism Directorate Focal Person for Balochistan, in an interview with WealthPK. He said, “Spanning an …

ISLAMABAD, June 03 (INP) – In a bid to manage the rising liquidity pressures, the State Bank of Pakistan (SBP) significantly ramped up its Open Market Operations (OMOs) in the first half of the Fiscal Year 2024 (H1-FY24). This move, experts suggest, could signal imminent shifts in the country’s monetary policy, reports WealthPK. During H1-FY24, the central bank’s OMO injections …

ISLAMABAD, June 03 (INP) – Artificial Intelligence (AI) can greatly help Pakistan avoid forest fires. “As a sustainable source of livelihood and environmental safety, forests need to be protected and expanded,” emphasized Muhammad Niaz Khan Kakar, Project Director of Ten Billion Trees Tsunami Programme – Phase-I Up-scaling of Green Pakistan Programme. Talking to WealthPK, he said the use of AI …

ISLAMABAD, June 03 (INP) – Financial experts are raising concerns over the implications of accelerated broad money growth observed in the first half of the ongoing fiscal year (1HFY24). The surge in broad money, including physical currency and demand deposits, has sparked worries about its long-term impact on Pakistan’s fiscal stability. During 1HFY24, broad money (M2) growth surged to 4.5%, …

ISLAMABAD, May 28 (INP) – The Oil and Gas Development Company Limited (OGDC), the country’s leading state-owned oil and gas firm, posted increases in revenue, gross profit, and net profit during the nine months (July-March) of the ongoing Fiscal Year 2023-24 compared to the corresponding period of the previous fiscal, reports WealthPK. During 9MCY24, the company pushed its revenue up …

ISLAMABAD, May 28 (INP) – Promotion of Central Karakoram National Park (CKNP) at the global level will help increase the tourist footfall, promoting the cottage industry as a sound source of sustainable income and bringing socio-economic prosperity to the entire region, Rahat Karim Baig, Deputy Director Tourism Department of Baltistan, said this while talking to WealthPK. “The park spans 10,00,000 …

FAISALABAD, May 28 (INP) – The allocation of Rs400 billion by the Punjab government is set to be a massive financial boost for farmers, rural communities and the agriculture sector, Dr. Malik from the University of Agriculture, Faisalabad, told WealthPK. He said modern agricultural machinery is crucial for the sector, which is grappling with multiple problems, mainly due to climate …

ISLAMABAD, May. 28 (INP) – In a significant push towards modernizing its economy, Pakistan’s government has emphasized the necessity of end-to-end digitization of financial institutions. This move is seen as a cornerstone for fostering economic development and enhancing the efficiency and transparency of financial operations within the country. Speaking at a recent economic forum, Finance Minister Senator Muhammad Aurangzeb underscored …

KARACHI, May 24 (INP) – The industrialists operating in the Hub Industrial Area of Balochistan have sought a proper policy and action from the federal and provincial governments to resolve the issues impacting the area industries, reports WealthPK. According to them, inconsistent gas supply, and damaged roads between Karachi and Hub are hindering the industrial sector’s growth and seriously denting …

ISLAMABAD, May. 24 (INP) — Pakistan’s agriculture sector has exhibited resilience and growth during the first half of the ongoing fiscal year, contributing significantly to the country’s economic recovery, reveals State of Pakistan’s Economy Report for 1HFY24. Pakistan’s real GDP saw a positive trajectory in the first half of FY24, recording a growth of 1.7% compared to 1.6% in the …