ECC approves amending import policy order for tightening labeling requirement

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved to amend Import Policy Order to further tighten labeling requirement in order to facilitate local consumers to understand product ingredients. Read more »

Total foreign investment falls by 75 percent in seven months

KARACHI: Total foreign investment into Pakistan has declined by 75 percent to $1.042 billion during July – January 2018/2019 when compared with $4.138 billion in the corresponding period of the last fiscal... Read more »

Oil import bill soars to $8.68 billion in July –January

ISLAMABAD: The oil import bill has surged to $8.68 billion due to significant increase in import of liquefied natural gas (LNG), according to data released by Pakistan Bureau of Statistics (PBS). Read more »

Pakistan imports mobile phones worth Rs55 billion in seven months

ISLAMABAD: Despite the government’s effort to curtail import bill the country imported mobile phones worth Rs55 billion during first seven months of current fiscal year. Read more »

Import of used motor cars decline by 36 percent in seven months

KARACHI: The import of completely built unit (CBU) motor cars has sharply declined by 36 percent owing to restriction imposed on non-filers of income tax return filers, according to data released by... Read more »

Committee constituted to enhance cargo, container transportation through rail service

KARACHI: Sheikh Rashid Ahmed, Minister for Pakistan Railways along with his team visited head office of Karachi Port Trust on Friday to discuss the potential of transportation of cargo through rail service. Read more »

Pakistan foreign exchange reserves increase to $14.895 billion

KARACHI: Pakistan’s foreign exchange reserves have increased by $10 million to $14.895 billion by week ended February 08, 2019 as compared with $14.885 billion a week ago, State Bank of Pakistan (SBP)... Read more »

ECC approves Rs5.6 billion additional guarantees to operationalize grounded PIA planes

ISLAMABAD: The Economic Coordination Committee of (ECC) the Cabinet on Tuesday approved additional guarantees to Pakistan International Airlines Company Limited (PIACL) of Rs 5.6 billion for repair and maintenance of engines and... Read more »

Remittances grow by 12.22pc to $12.77 billion in seven months

KARACHI: The remittances sent by overseas Pakistanis have increased by 12.22 percent to $12.774 billion during first seven months (July – January) 2018/2019 as compared with $11.383 billion in the corresponding period... Read more »

Pakistan’s import bill declines by 19.14pc in January

ISLAMABAD: Pakistan’s import bill has declined by 19.14 percent to $4.5 billion in January 2019 as compared with $5.57 billion in the same month of the last year, according to official statistics... Read more »

Govt. domestic debt increases by 13.6pc to Rs17,536 billion

KARACHI: The volume of domestic debt has increased by 13.6 percent to Rs17,536 billion by end-December 2018 as compared with Rs15,437 billion in the same month a year ago, according to State... Read more »

Pakistan foreign exchange reserves increase to $14.885 billion

KARACHI: Pakistan’s foreign exchange reserves have increased by $83 million to $14.885 billion by week ended February 01, 2019 as compared with $14.802 billion a week ago, the State Bank of Pakistan... Read more »