LAHORE, Oct 5 (APP): The Punjab Forest Department is taking steps to revive and strengthen the province’s declining sericulture sector with the aim of boosting local silk output and reducing the country’s heavy dependence on imported silk worth Rs112 billion annually. Sericulture has been practiced for decades in Punjab’s rural areas, providing a vital source…
ISLAMABAD, Oct 3 (APP): The federal government has assigned a broad portfolio of around Rs 37.42 billion infrastructure projects to Pakistan Infrastructure Development Company Limited (PIDCL) in Khyber Pakhtunkhwa (KPK) and Sindh. According to documents available with Wealth Pakistan, seven new PSDP schemes worth Rs 1.768 billion have been assigned to the company in KPK….
LAHORE, Oct 02 (APP): Pakistani and Chinese agricultural scientists have conducted successful trials of Pakistan’s first-ever hybrid cotton seed variety, whose commercial cultivation is expected to begin in 2029. “This all depends on the existing seed approval system,” Shahzad Ali Malik, Chief Executive Officer of Guard Agricultural Research and Services Limited and Chairman of the…
Islamabad : Kaspersky’s Global Research and Analysis Team (GReAT) have uncovered ads on darknet offering real-time video and audio deepfake services. Prices reportedly start at $50 for fake videos and $30 for fabricated voice messages, with costs rising based on the complexity and duration of the content. These findings were made after analyzing multiple Russian-…
LAHORE, Sep 29 (APP): The Punjab Board of Investment and Trade (PBIT) has shortlisted 20 proposals from a total of 86, submitted by various departments, selecting them for conversion into investment projects to be marketed globally. According to a PBIT spokesperson, quoted by Wealth Pakistan on Monday, over 76 consultation sessions were held to thoroughly…
ISLAMABAD, Sep 27 (APP): Pakistan’s bilateral trade with Central Asian states, along with Afghanistan and Azerbaijan, surged to $2.41 billion in FY25, showing a sharp increase from $1.92 billion in the previous fiscal year. Pakistan’s exports to these countries surged to $1.77 billion, while imports were recorded at $641 million. This represents a clear recovery…
ISLAMABAD, Sep 26 (APP): Negotiations are underway to finalize the schedule for Pakistan’s first pilot freight train to Russia, which would carry 16 containers of rice in its inaugural shipment. The project, launched under the 9th Intergovernmental Commission (IGC), aimed to connect Karachi Port with Moscow via Iran, Turkmenistan and Kazakhstan. A contract between Pakistan…
ISLAMABAD, Sep 25 (APP): The National Highway Authority (NHA) is poised to complete around 39 development projects worth over Rs 1,406.3 billion during the current fiscal year. According to documents available with Wealth Pakistan, these schemes were approved last year and subsequently executed. Originally, they were part of the Public Sector Development Program (PSDP). The…
ISLAMABAD: GAK HealthCare International on Wednesday launched a strategic expansion into Indonesia, a move expected to generate cross-border investments, enhance medical education, and showcase Pakistan’s private sector as a trusted global partner. The initiative, led by Group CEO Yasir Khan Niazi, aims to establish a medical college modeled after GAK’s Islamabad Medical & Dental College,…
ISLAMABAD: The CMPak, a leading telecom operator in Pakistan, and Huawei reached a strategic cooperation to jointly promote product innovation and technology upgrade. They aim to work out a leading enterprise network solution to accelerate digital transformation of various industries in Pakistan. To achieve this, CMPak and Huawei jointly launch a unified enterprise node (Card-UEN),…
