Month: October 2022

Islamabad-Overall economic outlook shows an optimistic picture of the economic performance in the coming months, while the government expects that CPI inflation will show a declining trend in October and will remain in the range of 21- 22.5 percent as against 23.20 percent during the previous month. The CPI inflation is declining, rupee has gained stability, current account balance is on improving trend, said the monthly Economic Update and Outlook October 2022 released by the Ministry of Finance here on Sunday. These development indicate that economic activity will remain positive…

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The personal data of the subscribers of the telecom companies operating in Pakistan has once again been seriously compromised as various mobile applications and web portals are providing access to individual subscribers’ data on the internet. Recently, a video of a mobile application named ‘Asan Bash’ went viral on social media claiming to provide access to the data of users through their mobile numbers. According to this video, anyone can have access to the CNIC numbers, family tree and other information of any individual by simply entering the mobile number…

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Local manufacturing plants have manufactured/assembled 16.7 million phones handsets during the first nine months – January to September 2022 – compared to 1.24 million commercially imported phones handsets, says Pakistan Telecommunication Authority (PTA). The local manufacturing plants have manufactured/assembled 1.09 million mobile phones handsets in September 2022. The manufactured/assembled mobile phones handsets by local manufacturing plants during the calendar year 2021 stood at 24.66 million compared to 13.05 million in 2020 – a landmark increase of 88 percent. The commercial imports of mobile phones handsets stood at 10.26 million in…

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Saudi Arabia is planning to auction five new mining exploration licences with copper, zinc, lead and iron deposits for local and international investors in 2023, the mining minister said on Sunday, as it diversifies the economy away from hydrocarbons. The ministry will launch the bidding process later for the licences in Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and Ar Ridaniyah, a statement from Bandar Al-Khorayef said. The licences will be awarded under a new law that came into effect in January 2021 and aims to accelerate foreign investment…

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ISLAMABAD-NEPRA has imposed a fine of Rs 10 million on Central Power Purchasing Agency – Guarantee Ltd. (CPPA-G) due to its failure to satisfy the Authority in the matter of revision in minimum loading limit of Lalpir and Pakgen power plants.  CPPA-G failed to provide any satisfactory response and was found guilty of violating relevant provisions of the NEPRA Act, Rules, and Regulations, said spokesman NEPRA.The minimum loading limit of Lalpir and Pakgen power plants was revised from 20% to 50% in April 2021 without placing the case before the…

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