LSM may fall massively on constrained economic environment

ISLAMABAD: The production of large scale manufacturing (LSM) may fall massively during the current fiscal year as it already registered a decline of 5.4 percent during July – March 2019/2020. The LSM... Read more »

Agriculture sector grows by 2.67pc despite lower production of cotton, sugarcane

ISLAMABAD: The agriculture sector provisionally grew by 2.67 percent in 2019/2020 despite fall in production of cotton and sugarcane, revealed by Economic Survey 2019/2020 released on Thursday. During the outgoing fiscal year... Read more »

Outlook is not promising: Economic Survey 2019/2020

ISLAMABAD: The economic outlook is not very clear as well as doesn’t seem promising as COVID may dampen exports demand besides expectations of capital flight, according to the Pakistan Economic Survey 2019/2020... Read more »

Foreign exchange reserves slip by $215 million

KARACHI: Pakistan’s foreign exchange reserves have declined by $215 million to $16.705 billion by week ended June 05, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of... Read more »

Equity market gains 64 points amid selling pressure

KARACHI: The equity market gained 64 points on Thursday amid selling pressure was seen in energy scrips. The benchmark KSE-100 index of Pakistan Stock Exchange (PsX) closed at 35,129 points as against... Read more »

Rupee weakens by four paisas against dollar

KARACHI: The Pak Rupee fell by four paisas against dollar on Thursday on demand for import and corporate payments. The rupee ended Rs164.59 to the dollar from previous day’s closing of Rs164.55... Read more »

Economic Survey: GDP growth projected at negative 0.38 percent

ISLAMABAD: The GDP growth for current fiscal year has been estimated negative 0.38 percent, according to Pakistan Economic Survey for 2019/2020 released on Thursday. The survey stated that although, provisional GDP growth... Read more »

Sindh excise asks taxpayers to pay dues to get 25pc exemption

KARACHI: Sindh Excise Department has urged taxpayers to pay their dues till June 30, 2020 and avail exemption of 25 percent. In a statement on Thursday, Provincial Minister for Excise and Taxation... Read more »

FBR reconstitutes licensing committee for tracking transit, transshipment cargo

ISLAMABAD: Federal Board of Revenue (FBR) has re-constituted committee for grant of license for tracking transit and transshipment cargo. The FBR on Wednesday issued SRO 542(I)/2020 dated June 08, 2020 to amend... Read more »

MCC Gwadar announces auction of fresh lot of vehicles on June 16

KARACHI: Model Customs Collectorate (MCC) Gwadar has announced auction of fresh lot of confiscated vehicles on June 16, 2020 to be held at Custom House, Gaddani. According to terms and conditions, the... Read more »