Pakistan needs a real plan to prevent economic disaster: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Saturday said the country needs a real plan to avert the looming economic disaster.
At this...
Unified energy tariffs being considered throughout the country, says minister
Federal Minister for Commerce, Industries and Production Mian Misbahur Rehman has said that energy tariffs should be uniformed throughout the country and that the matter has been taken up with the Prime Minister Justice (Retd) Nasirul Mulk has agreed to work on.
Food exports surge 29.28pc to over $4.797 billion
Wheat exports went up from $1.038 million to $236.339 million, showing growth of 22668 per cent
Trump at odds with strengthening U.S dollar
The U.S. dollar has been climbing against major currencies for several months, with the dollar index up nearly 7.0 percent over the last three months and on Thursday hit a one year high
Mobile, branchless banking transactions are fully regulated: SBP
SBP stated retail agents were part of the distribution network of telecom companies which also work in conjunction with banks/MFBs via service level agreement to give financial services under the jurisdiction of BB Regulations notified
Govt seeking $2 billion funding from AIIB, Swiss bank for construction of dams
After the conclusion of the meeting, Water and Power Development Authority (Wapda) Chairman Lt Gen Muzammil Hussain stated the fund-raising had got a good response from the public which had donated Rs260 million so far
Attraction in tax amnesty scheme waning: Report
During July, the FBR has fetched around Rs3 billion in taxes under the tax amnesty scheme
Proposal under consideration to raise customs duty by 1 percent on all imported items
Various options are under contemplation to raise additional customs duty by 1 percent on all tariff lines of 7,200 items or increase RD on over 1,550 items
Food imports post meagre 0.68 percent rise to $6.185 billion during FY18
Also, PBS data revealed oil imports surged 32.1 percent, touching $14.4 billion in just concluded FY18 due to rise in global prices of petroleum causing the import bill to surge.
Textile exports increase 9 percent to $13.53 billion during FY18
During June, textile sector’s exports touched $1.194 billion, declining 0.84 percent against $1.204 billion in May 2018 and decreasing 1.94 percent compared to $1.27 billion exports in June 2017
SBP to increase low cost housing finance portfolio
ISLAMABAD: The State Bank of Pakistan (SBP) has targeted in its newly formulated policy to increase housing finance portfolio of banks and...
Dollar surges to Rs130 in open market
ISLAMABAD: The US dollar touched a record high of Rs130 in the open market on Friday, gaining a further Rs0.30 as it...
DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve...
Dr Shamshad for improving quality of local products to decrease imports
ISLAMABAD: Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into...
First ‘Weaving City’ to be set up at M-3 Industrial Estate
FAISALABAD: The first 'Weaving City' will be established on 100 acres of land at M-3 Industrial Estate to help organise the power...