Pakistan’s exports increased by 32.7 percent in the first eight months of the current fiscal year compared to the same period previous year in currency terms According to the Pakistan Bureau of Statistics, exports for July-February (2021-22) totaled 3.52 trillion rupees, compared to 2.65 trillion rupees during July-February 2020-21.Read More →
ISLAMABAD – The Islamabad High Court (IHC) directed the Capital Development Authority (CDA) on Tuesday to take control of the Navy Golf Course. During the hearing of a case involving illegal constructions on Margalla Hills National Park land, the court ordered that all restaurants in the park be closed TheRead More →
MULTAN — Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir, has stated that the Asaan Credit Scheme (I-SAAF) will be a game changer in improving access to finance for SMEs by addressing the long-standing concern of a shortage of collateral. Dr. Reza Baqir spoke at length aboutRead More →
ISLAMABAD, Pakistan (APP): The Asian Development Bank (ADB) has authorised a $200 million loan to help Punjab province create an irrigation system that would help raise agricultural output and food security. The project loan, which is in Japanese yen, will be used to fund the building of the Greater ThalRead More →
ISLAMABAD – Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue, stated on Saturday that the State Bank of Pakistan has received a $3 billion deposit from Saudi Arabia (SBP). While delivering the news, Shaukat Tarin praised Saudi Crown Prince Mohammed Bin Salman and the Kingdom of SaudiRead More →
ISLAMABAD: Pakistan’s trade imbalance reached a stunning $20.59 billion in the first five months of the current fiscal year, according to figures released on Friday by the Pakistan Bureau of Statistics (PBS). According to preliminary figures, the merchandise trade deficit increased for the sixth straight month in November, reaching $4.96Read More →
LAHORE, Pakistan — On Wednesday, the Lahore High Court said it could be obliged to declare an environmental emergency and halt schools and private companies for a week. According to facts, the LHC heard petitions on the province’s smog problem. Director PDMA briefed the court that the situation has improvedRead More →
The federal cabinet has accepted a deal to hold $3 billion in Saudi Arabian funding in Pakistan’s State Bank. The transaction was approved by the Cabinet via a dissemination summary on Saturday. The Saudi government agreed to keep a $3 billion reserve at the State Bank. The help will beRead More →
NAROWAL – Former Indian cricketer and politician Navjot Singh Sidhu hailed Prime Minister Imran Khan on Saturday for completing the Kartarpur corridor and praised Pakistan’s preparations for the 552nd birth anniversary of Bab Guru Nanak. Hundreds of Sikh pilgrims attended the festivities of Baba Guru Nanak’s birth, including Indian PunjabRead More →
KARACHI, Pakistan — In an effort to limit runaway inflation, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 150 basis points to 8.75 percent on Friday. The Monetary Policy Committee (MPC) voted to raise the policy rate by 150 basis points to 8.75 percent at itsRead More →
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