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Universal Service Fund company was established in 2007 by the Government under Companies Ordinance 1984 to spread the benefits of the telecom revolution to all corners of Pakistan. Universal Service Fund promotes the development of telecommunication services in un-served and under-served areas throughout the country.
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. [1] Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours.
The following list of companies are included in the KMI-30 index as per the notice from Pakistan Stock Exchange dated 03 Jul 2020. The recomposed index is implemented w.e.f Monday, July 13, 2020. This re- composition of KSE-Meezan 30 Index is for the review period from July 1, 2019 to December 31, 2019.
Pakistan and the International Monetary Fund reached a much-awaited preliminary agreement Wednesday for the release of $700 million from a $3 billion bailout fund approved by the international ...
Pakistan has experienced an ongoing economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive external borrowings by the country over the years raised the spectre ...
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Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday.
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan’s position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...