Govt needs to target advance manufacturing products to boost exports’ value: Study
ISLAMABAD: As country’s exports’ value has remained stagnant for over decade due to having concentrated largely in traditional sectors, study suggested policy makers to diversify exports product base besides targeting industries with larg...
Rupee lost value against dollar, closes to 228.34
Karachi: Rupee registered fall against dollar for 19th consecutive session, depreciating 0.08 percent in inter-bank market. As per State Bank of Pakistan rupee declined by 0.19 paisa to close at 228.34. During ongoing fiscal year, rupee has depreciat...
WB diverts $615m for flood-relief work
ISLAMABAD: World Bank (WB) has diverted $ 615 million from ongoing slow moving projects towards rehabilitation and reconstruction of flood-affected areas, which Pakistan was unable to use due to multiple issues hindering implementation on these schem...
Sindh Governor inaugurates FPCCI-backed Pak-Iran Expo
Karachi: Sindh Governor Kamran Tessori inaugurated FPCCI-backed Pak-Iran Expo here. Tessori emphasised that his office will not leave any stone unturned to make Sindh business, investment, industrialisation and trade friendly province. Tessori mainta...
Export industry top priority of govt: Dar
ISLAMABAD: Minister for Finance and Revenue Senator Ishaq Dar said here said that export industry is one of highest priorities of government. In a tweet, Minister said that five previously zero rated export oriented sectors and all other exporters w...
KSE-100 sheds 603pts on selling pressure
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index witnessed decline of over 600 points, closing below 40,000 level. Moreover, panic about monetary policy announcement by State Bank of Pakistan due next week added to investors’ anxi...
Russian team to reach Pakistan today
Islamabad: A high-level delegation from Russia including minister for energy will reach Pakistan today to attend 8th session of Pakistan Russia Inter-Governmental Commission (IGC) on Trade, Economic, Scientific and Technical cooperation to be held on...
Pakistan planning to start local manufacturing of SIMs
ISLAMABAD: Pakistan is planning to start local manufacturing of SIMs and smart cards for protecting country from threat of cyber-attacks, creating employment opportunities and saving precious foreign exchange, according to annual report of Pakistan T...
KSE-100 index falls 1.18pc owing to political noise, sheds 480pts
KARACHI: Pakistan Stock Exchange (PSX) KSE-100 index plunged 1.18 percent owing to increase in political noise. At close, KSE-100 finished with decrease of 480.44 points to settle at 40,323.45. Trading began with dip and market remained range-bound f...
IMC increases car prices across entire lineup
Karachi: Facing depressed sales, Indus Motor Company (IMC) assembler of Toyota-brand vehicles notified hike in car prices across its entire lineup with increase in range of Rs 280,000-Rs 1.21 million. New RSP (retail selling price) ex-factory will be...
