Hunger may jeopardize food security, economic uplift in Pakistan: report

Dec 3

National

Hunger may jeopardize food security, economic uplift in Pakistan: report

ISLAMABAD: Among countries in the developing world, Pakistan faces one of the most severe crises of malnutrition, which is the fundamental cause of child morbidity and mortality. Pakistan ranks 88th out of 107 countries in the Global Hunger Index while food security and nutrition crisis is expected to worsen in the wake of the COVID-19 […]

by Mrs. Anjum Shahnawaz

E-commerce transactions through debit cards up by 152 percent

Dec 3

Money & Banking

E-commerce transactions through debit cards up by 152 percent

KARACHI: The online payment through debit cards for e-commerce registered phenomenal growth of 152 percent in first quarter of current fiscal year, according to data released by State Bank of Pakistan (SBP) on Thursday. The online payment for e-commerce increased to Rs11.1 billion in the first quarter (July – September) 2020/2021 as compared with Rs4.4 […]

by Mrs. Anjum Shahnawaz

ECC abolishes peak-hour electricity tariff

Dec 3

Energy

ECC abolishes peak-hour electricity tariff

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Thursday approved abolishment of higher electricity tariff for peak hours. Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet. Minister for Privatization Muhammad Mian Soomro, Minister for Economic Affairs Makhdoom […]

by Mrs. Anjum Shahnawaz

Share market ends flat in range bound trading

Dec 3

Stock & Commodity

Share market ends flat in range bound trading

KARACHI: The share market ended with an increase of 20 points on Thursday as market traded in range bound during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 42,047 points against 42,027 points showing an increase of 20 points. Analysts at Arif Habib Limited said that the market traded […]

by Mrs. Anjum Shahnawaz

SECP allows online account opening to capital market investors

Dec 3

Stock & Commodity

SECP allows online account opening to capital market investors

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday allowed Pakistani residents and non-resident investors to open online account in the capital market. A statement issued by the SECP stated that this new regime is part of the SECP’s digital transformation agenda, allows investors to seamlessly open his or her account with a broker […]

by Mrs. Anjum Shahnawaz

Country’s weekly FX reserves ease by $311 million

Dec 3

Finance

Country’s weekly FX reserves ease by $311 million

KARACHI: The liquid foreign exchange of reserves of the country fell by $311 million to $20.241 billion by week ended November 27, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves were at $20.552 billion by week ended November 20, 2020. The official reserves of the SBP fell by $305 million […]

by Mrs. Anjum Shahnawaz

Rupee strengthens by 29 paisas on inflows

Dec 3

Money & Banking

Rupee strengthens by 29 paisas on inflows

KARACHI: The Pak Rupee strengthened by 29 paisas against the dollar on Thursday owing to reports of growth in exports of the country. The rupee ended Rs160.17 to the dollar from previous day’s closing of Rs160.46 in the interbank foreign exchange market. Currency dealers said that the market witnessed supply of the foreign currency that […]

by Mrs. Anjum Shahnawaz

PRAL issues cyber security advisory for FBR officials working from home

Dec 3

Taxation

PRAL issues cyber security advisory for FBR officials working from home

ISLAMABAD: Pakistan Revenue Automation (Pvt) Limited (PRAL) has issued cyber security advisory for officials of Federal Board of Revenue (FBR), who are working from home in the wake of resurgence of coronavirus. In its advisory issued on Thursday, the PRAL said that switching to remote working because of the ongoing coronavirus pandemic can create cyber […]

by Mrs. Anjum Shahnawaz