As of August 2023, the CiC —the cash you and I have in our wallets, in our closets, and perhaps even under or inside our mattresses or in a secret compartment inside the ceiling in some cases—stood at 10 percent of the GDP. The CIC may also include ca…
One of Pakistan’s leading media groups, Bol Network, has been acquired by AsiaPak Investments.
Bol will remain headquartered in Karachi with a nationwide presence, according to an official press release issued by the company.
AsiaPak Investments i…
Pakistan’s textile exports in August surged to the highest level since September 2022 ($1.53 billion), according to Arif Habib Limited.
As per the latest export data shared by the All Pakistan Textile Mills Association (APTMA), textile exports clock…
As part of a broader attempt to protect the country’s forex reserves, the interim government is working on imposing hefty regulatory duties on roughly 1,100 luxury and non-essential import items.
Dawn reported that the government is actively working…
Punjab’s sugar mills will supply sugar to the government at a rate of Rs. 140/kg with the aim of making it available to the public through special centres, model bazaars, and Sunday bazaar stalls.
This decision materialized during a meeting convened…
Remittances sent by overseas Pakistanis declined by 24 percent (or $651 million) to $2.09 billion in August 2023 compared to inflows of $2.74 billion registered in the same month last year.
However, on a month-on-month basis, the inflows in August 2…
The slow-down of industrial activity amid rising prices of fuel, frequent increases in dollar price, and other related issues have forced the industry to resort to layoffs.
If the situation persists, established units will also face closure as they …
The price of gold in Pakistan continued its downward trend on Monday and fell by a further Rs. 2,600 per tola.
According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went down…
Pakistan International Airlines (PIA) is teetering on the brink of grounding more aircraft as it grapples with a severe cash flow crisis. The national flag carrier has already grounded five of its 13 leased aircraft, with four more facing a similar fa…
Caretaker Finance Minister Dr Shamshad Akhtar presided over a meeting to review and rationalize the progress and incentives provided by special technology zones (STZs) and special economic zones (SEZs) today.
The minister emphasized the crucial role…
