CAD falls to $0.2bn in January: SBP
KARACHI: Current account deficit (CAD) dropped to $ 0.2 billion in January 2023, down 90 percent from last year as rupee’s depreciation slowed down imports, central bank said. In less than month, cash-strapped nation’s currency has lost m...
Dar for further expanding Pak-UK relations
ISLAMABAD: Minister for Finance and Revenue Senator Ishaq Dar said that Pakistan has long historic ties with United Kingdom and relations between two countries needed to be further expanded for mutual benefit of countries. British Acting High Commiss...
Govt taking tangible steps to strengthen country’s economy: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that government is taking tangible and necessary steps to strengthen economy and prioritising reduction in unnecessary imports by enhancing exports. PM said that incumbent government also faced issues of...
Low-income segment to remain largely unaffected from gas tariff hike: Musadik Malik
ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik has said that while implementing the latest hike in the gas tariff, "the government tried its best not to impose burden on the low-income segment." Speaking to media on the sidelines of the...
Import restrictions bite Pak Suzuki extends automobile plant shutdown
ISLAMABAD: Pak Suzuki Motor Company (PSMC) on Friday announced extending the shutdown of its automobile plant from February 20 to February 21 as it deals with inventory shortage due to import restrictions. "Due to continued shortage of inventory leve...
Pakistan exported textile products worth $10bln in 7 months
ISLAMABAD: Textile exports reached to $10,039.743 million during the first seven months of the current fiscal year (2022-23), Pakistan Bureau of Statistics (PBS) reported yesterdayday. The textile exports during the period showed a decline of 8.17 pe...
US concerned about debt Pakistan owes to China
ISLAMABAD: The United States is concerned about the debt owed to China by Pakistan and other countries, US State Department Counselor Derek Chollet said during a visit to Islamabad as the country dealt with an economic crisis. Pakistan, historically...
The Future Summit 6th edition concludes: Eminent panelists’ stress light on theme ‘Prepare for Disruption’
Karachi: The 6th Edition of The Future Summit concluded on Thursday with eminent foreign and local delegates speaking on diverse topics aimed at recommending a futuristic direction to the corporate sector, policymakers, and stakeholders of the countr...
NKATI terms mini budget, hike in gas, power tariff disastrous
KARACHI: Faisal Moiz Khan President North Karachi Association of Trade and Industry (NKATI) rejected mini budget and huge increase in gas and electricity tariff. Calling it disastrous for economy and industry. He said that if government does not with...
Trade, industry absolutely not consulted on mini budget: FPCCI regrets
Karachi: Irfan Iqbal Sheikh President FPCCI criticised government for total lack of consultation on mini budget with business, industry and trade community, real stakeholders of economy and taxation system and real engines of economic growth, employm...
