HeadlinesTextile industry maps out $50bn export plan with focus on diversification and incentives
The industry advocates for policy backing, seeking preferential tariff rates and guidance on sustainability and recycling standards
Dec 9, 2023
News Desk
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HeadlinesPakistan set to launch 5G in July next year
Telecommunication tribunal and an action advisory committee for 5G will be formed within three weeks, says Dr Umar Saif
Dec 9, 2023
HeadlinesPakistan’s remittances drop by 9% MoM in November 2023
Workers’ inflows decreased 10% to $11 billion during the first five months of FY24
Dec 9, 2023
HeadlinesWeekly SPI surges 43% YoY driven by increased gas prices
The Combined Index stood at 311.78, compared to 308.2 on November 30, 2023, and 218.52 on December 08, 2022
Dec 8, 2023
HeadlinesOGDCL discovers new gas, condensate reserves in Sindh
Discovery was made at Dars West Well 02 which resulted in 8.51 mmscfd gas and 360 bpd condensate
Dec 8, 2023
HeadlinesSBP approves incorporation of HBL Zarai Services Limited
The initiative is meant to offer farmers a variety of facilities and services, including storage space, farming equipment, crop production inputs
Dec 8, 2023
HeadlinesPSO refutes reports of selling stake in PRL to Chinese firm
And any decision regarding shareholding in subsidiaries would follow a transparent process as per state law, the state-run OMC says
Dec 8, 2023
HeadlinesDebt servicing drains $237mn from SBP’s forex reserves in a week
Pakistan's foreign debt and liabilities have increased by $3.48 billion, reaching $128.09 billion in the first quarter of FY24, raising additional economic apprehensions
Dec 8, 2023
HeadlinesIMF board to finalise $700mn loan tranche for Pakistan on Jan 11
Pakistan has about $1 billion in dollar-denominated debt due next year
Dec 8, 2023
HeadlinesIndustrial Advisory Council unveils strategic roadmap to propel exports to $100bn
The roadmap specifically underscores the need to eliminate cross-subsidies from power tariffs for industrial consumers
Dec 8, 2023
HeadlinesBulls run wild at PSX as KSE-100 index breaches 66,000 level
Benchmark index closes at 66,223.63 points after gaining 1505 points or 2.33% high during intraday trade
Dec 8, 2023
HeadlinesPakistan's power sector circular debt rises to Rs2.6tr
The distribution companies have recorded Rs 77 billion in losses and Rs 165 billion in under-recoveries during the first four months of the current fiscal yea
Dec 7, 2023