The foreign reserves of the State Bank of Pakistan saw an increase of $53 million and surged up to $17.199 billion at the end of last week. However, a decline was seen in Total Liquid Forex Reserves as they moved down to $23.925 billion from $23.933 bi…
Cement sales declined in the first four months of the ongoing fiscal year despite the increase in domestic sales as their exports dropped substantially.The combined domestic and export sales figures stood at 18.029 million tonnes during July-October FY…
Virtual Remittance Gate (VRG) World has won its legal battle against Digital Bridge as the Sindh High Court (SHC) has allowed it to continue providing services to various clients for the Asaan Mobile Scheme.Digital Bridge had sued VRG World for not mee…
The Securities and Exchange Commission of Pakistan (SECP) registered 2,017 new companies in October, raising the total number of registered companies to 154,093.Consequently, the total capitalization (paid-up-capital) of the new companies stood at Rs. …
To achieve self-sufficiency in wheat, the government has decided to increase the minimum support price for wheat to Rs 1,950/40 kg compared to Rs. 1,800/40 kg last year. The Food Ministry hopes this will incentivize farmers to grow sufficient wheat to …
The Pakistani Rupee (PKR) maintained its position against the US dollar (USD) on Friday to close at 170.01.Yesterday, the rupee broke its 6-day winning streak against the greenback and lost 4 paisas in the inter-bank market to close at Rs. 170.01.The P…
Opposition leader AJK Legislative Assembly met President AJK Barrister Sultan Mahmood Chaudhry in Muzaffarabad today [Thursday] and discussed latest situation in the Indian Illegally Occupied Jammu and Kashmir.Both the leaders agreed to work collectiv…
The Senate Standing Committee on Finance, Revenue, and Economic Affairs has decided to summon the Auditor General of Pakistan (AGP) and the Director-General (DG) National Accountability Bureau (NAB) amid the recently triggered debate on the record of r…
Pakistan’s cotton output has soared up to 6.2 million bales in the current season (June-Nov), a surge of 81 percent compared to the same period last year, owing to timely rains and better incentives to the farmers.According to Pakistan Cotton Ginners’ …
Pakistan has arranged $761.5 million in Murabaha financing from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products on deferred payment.The development was announced in a series of tweets by Economics Affairs Divisio…
