EconomyThe increase in petroleum prices would increase the input cost of agriculture production as high-speed diesel is being used in tractors, tube-wells, harvesters, thrashers and other agriculture machinery
HeadlinesThe government and opposition parties have finally agreed upon nomination for the caretaker prime minister as the current tenure of the government is due to end on May 31, 2018.
HeadlinesPakistan State Oil (PSO), in continuation of its quest to improve the quality of fuels in Pakistan, has upgraded its products portfolio with the inclusion of the RON 97 high octane petrol under the brand name ‘Altron X Hi- Octane 97’.
Economy
HeadlinesEarlier, reports suffered that in an interview to the Financial Times, SBP Governor Tariq Bajwa said that $1 billion in financing had been obtained from Chinese banks in April to help avoid a foreign currency crisis and were obtained at ‘good, competitive rates.’
HeadlinesPakistan’s role in world trade is limited because it does not have the value-added products to participate in the bulk of the world market.
EconomyIbrahim Qureshi suggested the government to observe restraint while getting loans from commercial banks and improve governance to ensure 5.4 per cent growth target which has yet to be achieved.
HeadlinesACCA and ExD have collaborated to train SAP professionals setting a target that Pakistan should be able to deliver on the ‘export of services’ opportunity.
HeadlinesThe rate of return accepted is 6.05 per cent per annum, said an SBP press release.
EconomyKSE 100 index settled 463.07 points down on Friday, yet overcoming three-week long losing streak
EconomyThe total liquid foreign reserves held by the country stand at $16,652.2 million as of May 18, 2018.
Economy