Envoy urged to work exploring avenues for enhancing Pakistan’s exports: FPCCI
Karachi: Irfan Iqbal Sheikh President FPCCI apprised that bilateral trade volume in FY22 had surged by almost 400 percent with Bahrain as compared to FY20 as it was recorded at $ 595.12 million in FY22; whereas it was $ 119.95 million in FY20 however...
Rupee gains Rs 1.02 against dollar
Karachi: Rupee gained value against greenback in interbank market as up by Rs 1.02 close at Rs 293.88 against previous day’s closing of Rs 294.90. However, according to Forex Association of Pakistan buying and selling rates of dollar in open ma...
Elections, reforms to boost confidence in economy: ADB
Karachi: Asian Development Bank (ADB) has expressed optimism regarding Pakistan’s economic prospects, highlighting that reform programme and smooth conduct of upcoming general elections are likely to restore investor confidence in country&rsquo...
Country’s power sector circular debt swells to Rs2.31tr in FY23
Karachi: Despite massive increase in tariffs, circular debt stock of Pakistan’s power sector increased to Rs 2.31 trillion by end of June 2023, up from Rs 2.25 trillion at end of previous fiscal year (FY22)-Rs 57 billion or nearly 3 percent, hi...
‘Mafias within Discos’ feeling heat, says Power Division Secy
Karachi: Rashid Langrial, Power Division Secretary said ‘mafias’ within distribution companies (Discos) have started to feel heat, as government’s crackdown against electricity theft enters 12th day. Taking to social media platform...
IMF seeks report on smuggling of petroleum products
ISLAMABAD: International Monetary Fund (IMF) has sought report from Pakistan on smuggling of petroleum products. According to media reports IMF has expressed concern over smuggling of 120,000 tonnes petroleum products monthly. According to FBR sourc...
Gohar Ejaz vows unwavering commitment to economic growth, trade facilitation
ISLAMABAD: Caretaker Minister for Commerce, Industries and Production Dr. Gohar Ejaz expressed his unwavering commitment to fostering economic growth and facilitating trade. Chairing meeting with representatives from Pakistan Business Council (PBC),...
Innovative renewable energy solutions needed to curb current energy crisis: Experts
LAHORE: “Promoting energy affordability for export sector through regionally competitive tariffs, boosting investments for reliable energy supply and transmission system and increasing access are critical factors for boost economic growth in cu...
Cotton arrival surges 29.3pc in first two weeks of Sept: PCGA
Karachi: Cotton arrival in country witnessed significant increase of 29.3 percent as of September 15 compared to August 31, showed latest fortnightly data released by Pakistan Cotton Ginner’s Association (PCGA). As per report, total cotton arri...
Govt committed to putting national economy on sustainable growth trajectory: Sami tells WB
ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami said government was committed to putting national economy on path of sustainable growth. During meeting with World Bank’s Country Director to Pakistan...
