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PYMA terms Textile Asia breath of fresh air for industries
KARACHI: Sohail Nisar senior Vice Chairman Pakistan Yarn Merchants Association (PYMA) described Textile Asia exhibition as very important for textile industry, which aims to focus on immense buying selling potential of textile and garment machinery,...
Rupee sheds 83pa against dollar
Karachi: Rupee weakened by 83 paisa against dollar in interbank trading and closed at Rs 281.60 against previous day’s closing of Rs 280.77. According to Forex Association of Pakistan (FAP), buying and selling rates of dollars in open market we...
Minister Sabzwari lauds role of maritime sector in unleashing potential of blue economy
KARACHI: “Pakistan Single Window is promising development that would be game changer for Maritime Industry in Pakistan. It has potential to streamline processes, reduce corruption and enhance transparency. Faisal Sabzwari Minister of Maritime A...
Careem announces launch of new women driven motorbike service
KARACHI: On International Women’s Day, Careem announces plans to launch new women-driven motorbike service, catering exclusively to its female customers. Service will commence in Karachi and make its way to other cities in Pakistan. Careem welc...
Agriculture credit disbursement up by 28.3pc in 7MFY2023
ISLAMABAD: Agriculture credit disbursement increased by 28.3 percent during first seven months of current fiscal year as compared to corresponding period of last year, Finance Ministry said in recent report. During July-January (2022-23), he agricult...
ICCI for strong academia-industry linkages to boost economic growth
ISLAMABAD: Developed countries achieved phenomenal economic growth by promoting strong academia-industry linkages and Pakistan has to adopt same approach to promote industrialisation and improve its economic growth. Faad Waheed acting President Islam...
Domestic unit settles at 277.87 against dollar
Karachi: Rupee maintained its positive momentum for third successive session against dollar, appreciating 0.02 percent. As per State Bank of Pakistan (SBP), rupee settled at 277.87 against greenback, an increase of 0.05 paisa in inter-bank market. Po...
China asked to roll over $2bn deposits, Pakistan informs IMF
ISLAMABAD: Pakistan has communicated to International Monetary Fund (IMF) that Islamabad has requested China to rollover $ 2 billion State Administration of Foreign Exchange (SAFE) deposits by year, report citing sources said. “We have already...
Action urged against Industrial, commercial, agri land mafia: Business community warns govt
Karachi: Irfan Iqbal Sheikh President FPCCI expressed long-standing concerns over vicious, unending and resource-depleting menace of land grabbing of industrial, commercial, agricultural and residential lands. Addressing live-telecast, well-attended...
IMF seeks Pakistan’s credible assurance on external financing for loan revival
Karachi: International Monetary Fund (IMF)’s resident representative warned that Pakistan faces daunting task of providing credible assurances that its balance of payment deficit was financed for remainder of multilateral lender’s loan pr...
