Category: Business

ISLAMABAD: The export of services edged lower by 0.23 per cent year-on-year to $416 million in November 2018, from $416.97m in corresponding period last year, Pakistan Bureau of Statistics said on Monday. However, between July-November, export proceeds went up 1.39pc to $2.17bn year-on-year. On the other hand, imports of services dipped 17.33pc to $3.6bn in […]

KARACHI: The State Bank has decided to expand its National Financial Lite­racy Programme (NFLP) to create awareness among the masses and in this regard a mass media campaign is being launched from January 15. Apart from reaching out to the public via print, radio and social media, a dedicated NFLP toll free helpline and website […]

HAMBURG: A tender from the Pakistan Agricultural Storage and Services Corporation (Passco) has attracted high bids to sell 100,000 tonnes of wheat. The positive res­ponse could allow the wheat to be exported without government subsidies, European traders said on Monday. The tender, closed on Jan 11, was issued under a government export programme to reduce […]

KARACHI: The government has borrowed Rs113 billion for budgetary support within just one week, according to latest data released by the State Bank of Pakistan (SBP). Borrowing for budgetary support has seen manifold increase during the first half of fiscal year as almost all other revenue streams have fallen short of targets. During July 31 […]

RAWALPINDI: Federal Minister for National Health Services Aamer Mehmood Kiani here on Sunday defended the recent increase in medicine prices and linked it with the devaluation of the rupee against the dollar. “We will reduce the drug prices when the value of the dollar drops against the rupee. As medicines are imported, the devaluation of […]

Salt has been an essential part of cuisine all over the world since time immemorial. Apart from the daily diet, it is used in so many things like paint, detergent, soaps, beauty industry (spas, saloons, massage parlours, health clubs and hydrotherapy) and home decoration. The industry uses it in the manufacturing caustic soda and soda […]

The question that sits uneasily on the mind of every stock investor, analyst, broker and his agent is: has the market finally found the bottom? The Pakistan stock market has had more than its fair share of trouble. When the market dished out a mouth-watering 46 per cent return in 2016, investors entered in droves […]

KARACHI: All appointments to the boards of state-owned enterprises (SOEs) have been halted following the Supreme Court’s decision in the Ataullah Qasmi case in which the appointment of PTV’s managing director was found to be illegal. Now the Ministry of Law is set to issue an opinion on the matter, and the process will resume […]

ISLAMABAD: China plans to import potatoes from Pakistan, said Ambassador Yao Jing on Friday. The envoy in a meeting with Minister for National Food Security and Research Sahibzada Mehboob Sultan said his country will shortly send a delegation to Islamabad to finalise arrangements and fulfilling the requirements sanitary and phytosanitary measures (SPS). He said that […]

RAWALPINDI: Tajik Ambassador Sherali S. Jononov on Friday offered electricity to Pakistan and also expressed desire to increase the trade volume between the two countries. “Rogun Dam in Tajikistan has begun its operations and we are ready to provide cheap and clean electricity to Pakistan to meet its energy needs in future,” he stated this […]