High port charges in Pakistan discouraging trade with Afghanistan, NA body told
ISLAMABAD: During a meeting of National Assembly’s Standing Committee on Commerce, the officials of the Ministry of Commerce said that one of...
Swiss company Novartis acquires manufacturing facility to produce medicines in Pakistan
Novartis, a Swiss multinational company with a multi-decade presence in Pakistan, has acquired a manufacturing facility to produce medicines in the country,...
DRAP notifies up to 35pc hike in prices of 253 medicines
LAHORE: The Drug Regulatory Authority of Pakistan (DRAP) on Monday increased prices of 253 medicines by up to 22 to 35 per...
Stocks manage modest gains despite political noise
KARACHI:Â The Pakistan Stock Exchange (PSX) commenced the week on a positive note, as indices traded in green for the most part of...
Gold imports plunge 73pc in Q1FY21
ISLAMABAD: The import of gold into the country witnessed a decline of 73.04pc during the first quarter (Q1) of the current fiscal...
Covid-19 may inflict a decade of economic pain to Mideast, Central Asia: IMF
DUBAI: It might take countries in the Middle East and Central Asia a decade to return to the economic growth seen before...
Punjab govt sets sugarcane price at Rs200 per maund
LAHORE:Â The Punjab government has fixed the minimum price for 40kg sugarcane at Rs200 as the cane crushing season is about to begin...
Foreign Direct Investment plunges 51pc YoY in Sept
KARACHI:Â Foreign direct investment (FDI) was recorded at $189 million in September 2020, compared to $384 million in September 2019, showing a decrease...
PKR gains Rs1.35 against dollar this week
KARACHI: Pakistani Rupee continued gaining strength against the US dollar in the interbank and gained another 37 paisas on Friday.
According to a...
Big industry expands 3.6pc YoY in July-Aug FY21
ISLAMABAD: Pakistan's large-scale manufacturing (LSM) production grew 3.66pc year-on-year in the first two months (Jul-Aug) of the current fiscal year (FY21), as...
Late buying helps index close in green
'PSX felt the pressure of political uncertainty at the start, but announcement of HBL's financial results and late buying in cement sector kept the index positive'
21,000 Roshan Digital Accounts opened; $24m received: PM
ISLAMABAD:Â Prime Minister Imran Khan said on Thursday that around 21,000 non-resident Pakistanis opened Roshan Digital Account remotely and sent $24 million with...
SBP reserves drop $356m to $11.79bn
The foreign exchange reserves held by the central bank declined 2.9pc on a weekly basis, according to data released by the State...
PKR steadily regaining lost ground against dollar, trades at five-month high
The Pakistani Rupee is steadily gaining value, attaining its five-month high against the US Dollar on Thursday.
During the day, the rupee strengthened...
Finance Division rebuffs media report on ‘depleting forex reserves’
ISLAMABAD: The Finance Division has rebuffed a news report claiming that Pakistan’s foreign exchange reserves are depleting and that it would not be...