Pakistan registers current account surplus for third straight month
'Continued buoyancy in remittances and a broad-based rebound in exports drove current account surplus in September'
Import of mobile phones soars 83.1pc YoY in July-Sept quarter
ISLAMABAD: The import of mobile phones into the country witnessed an increase of 83.17 per cent during the first quarter (Q1) of...
Petroleum imports drop 26.5pc YoY in July-Sept quarter
ISLAMABAD: Petroleum group imports during the first three months (July-September) of the current fiscal year (2020-21) reduced by 26.55pc as compared to...
PM tasks ‘tigers’ to start anti-hoarding drive from capital
ISLAMABAD: Prime Minister Imran Khan, while chairing a high-level session regarding the ongoing efforts to control prices of essential commodities, has tasked...
Stocks accumulate 616 points on positive sentiments
KARACHI: The Pakistan Stock Exchange (PSX) extended its rally on Tuesday, underpinned by investors’ optimism amid ongoing earnings season.
Global equity markets, on...
Provinces agree to accelerate wheat release from official stocks
ISLAMABAD: Provincial governments on Tuesday expressed firm commitment to accelerate the release of wheat from their official stocks in order to maintain...
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...