Country’s weekly foreign exchange reserves increase by $467 million

KARACHI: The liquid foreign exchange reserves of the country have increased by $467 million to $20.552 billion by week ended November 20, 2020, State Bank of Pakistan (SBP) said on Thursday. The... Read more »

Minimum wage for unskilled laborers fixed at Rs17,500

KARACHI: Sindh government has fixed minimum wage for unskilled laborers at Rs17,500, a statement said on Wednesday. According to the notification issued by Zahid Hussain Khemtio, Chairman, Minimum Wages Board, the Sindh... Read more »

CCP conducts search of APCMA chairman, vice offices; impounds record

ISLAMABAD: Competition Commission of Pakistan (CCP) has conducted a raid on the office of All Pakistan Cement Manufacturers Association (APCMA) and impounded relevant records. The raid was conducted on possible anti-competitive activities,... Read more »

Pakistan’s foreign exchange reserves cross $20 billion

KARACHI: The liquid foreign exchange reserves of the country have crossed over $20 billion by week ended November 13, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves... Read more »

Textile exports increase to $4.76bn in four months

ISLAMABAD: The exports of textile products have increased by 3.78 percent to $4.76 billion during first four months (July – October) of 2020/2021, according to data released by Pakistan Bureau of Statistics... Read more »

SBP projects GDP growth at 2.5pc with 9pc inflation for FY21

KARACHI: State Bank of Pakistan (SBP) has projected GDP growth between 1.5-2.5 percent for the current fiscal year 2020/2021 with up to 9 percent average inflation for the year. The SBP on... Read more »

ECC sets up committee to examine proposal of manufacturing SIM/smart cards

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday constituted a committee to examine a proposal for manufacturing of SIM/Smart-cards in the country. The meeting of the cabinet committee was... Read more »

Foreign direct investment grows by 9 percent in four months

KARACHI: The net inflow of foreign direct investment (FDI) into the country has increased by 9.1 percent to $733 million during first four months (July – October) of the current fiscal year,... Read more »

Country’s foreign exchange reserves increase to $19.907 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $553 million to $19.907 billion by week ended November 06, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign... Read more »