SBP reserves fall $82m to $12.9bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped 0.63pc on a weekly basis, according to data released...
Pakistan’s e-commerce market size up Rs25bn YoY in Q1FY21
ISLAMABAD: Pakistan’s e-commerce market size has increased to Rs96 billion in the first quarter of financial year 2021 as compared to Rs71...
IMF opposes govt’s plan to increase employees’ salaries
ISLAMABAD: The International Monetary Fund (IMF) has opposed the government's plan to increase the salaries of its employees.
According to sources, officials of...
Trade deficit expands 8.2pc to $14.9bn in seven months
ISLAMABAD: Pakistan's trade deficit during the first seven months (July-January) of the current fiscal year (2020-21) increased 8.25pc to $14.96 billion, compared...
SECP proposes amendments to NBFC regulations
ISLAMABAD:Â In order to safeguard the interest of investors, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Non-Banking...
Provinces directed strict price vigilance of food items
ISLAMABAD: The National Price Monitoring Committee (NPMC) on Monday directed the provincial and district administrations to proactively monitor the prices of chicken...
FPCCI seeks long-term strategy as budget deficit shoots up to Rs1.4tr
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry's Businessmen Panel (BMP) has sought a long-term strategy amid high cost of...
Exports cross $2bn for fourth consecutive month
ISLAMABAD:Â For the first time in eight years, Pakistan's exports have crossed the $2-billion mark for four successive months (Oct-Jan FY21), data released...
Renewal of Pak-Afghan transit trade agreement delayed
PESHAWAR: As the transit trade agreement between Pakistan and Afghanistan is expiring on the 11th of this month, no progress has so...
PM orders dissolution of market committees in Punjab, KP
ISLAMABAD:Â Prime Minister Imran Khan on Tuesday decided to immediately dissolve existing market committees in Punjab and Khyber Pakhtunkhwa, besides issuing directions for...
Pakistan’s cotton output falls to two-decade low
The arrival of seed-cotton into ginneries plunged 35pc to 5.57 million bales as of January 31, 2021, the lowest level witnessed in...
Stocks rally 353 points on positive sentiments
KARACHI: Bulls continued to dominate the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark index crossing the 47,000 mark intraday amid...
Pakistan, Uzbekistan agree to sign preferential trade agreement
ISLAMABAD:Â Pakistan and Uzbekistan have agreed to enhance bilateral trade relations by entering into a Preferential Trade Agreement (PTA).
The understanding was reached at...
PRA collection rises 10pc YoY to Rs11.23bn in January
LAHORE:Â Punjab Revenue Authority (PRA) has achieved the January collection target of Rs11.23 billion despite a reduction in taxes on more than 25...
Pakistan’s inflation rate slows to 5.7pc in January
ISLAMABAD:Â The Consumer Price Index (CPI)-based monthly inflation decelerated to 5.7pc in January 2021, from 8pc in the previous month, Pakistan Bureau of...