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Cement exports increase 11.79pc during July-October 2020
ISLAMABAD – The exports of cement from the country witnessed an increase of 11.79 percent during the first four months of ongoing financial year (2020-21) as compare to the corresponding period of last fiscal year.
The country exported…
International transit activity initiates at Gwadar Port
Under the directions of the Prime Minister of Pakistan to kick start operations at the Gwadar Port, the Federal Board of Revenue has taken the initiative which resulted in the arrival of the first fish carrier containing 200 Tons of…
Asian markets mixed as virus, weak data subdue vaccine rally
HONG KONG - Asian traders took a breather Thursday after this month’s vaccine-fuelled markets rally, with profit-takers moving in while keeping an eye on virus infections across the globe that are forcing governments to impose…
Dollar losses put on hold but long-term outlook tilts to downside
TOKYO: The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors to seek out riskier assets tied to global commodities and emerging markets.
The British…
Khusro witnesses worth $19.85 million Projects with World Bank
ISLAMABAD – Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar witnessed the signing ceremony of grant agreement of “Covid-19 response, recovery and resilience in Education Project” worth US$19.85 million with the World…
Hafeez briefs WEF on remarkable economic performance
ISLAMABAD – Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh Wednesday informed the World Economic Forum (WEF) that Pakistan had witnessed remarkable improvement in fiscal and current account deficits owing…
Pharmaceutical exports increase 22.29pc in 4 months
ISLAMABAD: The export of pharmaceutical goods witnessed an increase of 22.29 percent during the first four months of current financial year (2020-21) as compared to the export of corresponding period of last year.
The pharmaceutical…
Export of sports goods falls 14.29 percent in four months
ISLAMABAD – The exports of sports goods from the country witnessed decrease of 14.29 percent during the first four months of the ongoing financial year (2020-21) against the exports of corresponding period of last year.
The country…
Rupee recovers 81 paisas against US dollar
ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 81 paisas against US dollar in the interbank trading on Wednesday and closed at Rs. 159.28 against the previous day's closing of 160.09.
Meanwhile, according to Forex…
Pakistan economy gathering steam, but vulnerability persists, says SAPM
Special Assistant to the Prime Minister for Revenue Dr. Waqar Masood Khan has said that Pakistan's economy has just started to pick up steam and needs more time to improve.
Talking to a private channel, Masood said that the…