Short-term inflation eases further by 0.62% By: APP on August 31, 2024The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed further decrease of 0.62 percent for the combined consumption groups during the week ended on August 29, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded […]
SBP injects Rs9.2 trillion into market By: APP on August 31, 2024The State Bank of Pakistan (SBP) injected Rs9,218 billion in the market on Friday through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO). According to OMO results issued here, the SBP conducted Open Market Operation, Reverse Repo Purchase (Injection) on August 30, 2024 for 7-day and 28-day tenors and accepted 32 […]
Pakistan bestowed with broad prospects for e-commerce development By: Agencies on August 31, 2024Pakistan’s e-commerce sector is rapidly ascending on the global stage, now ranked as the 46th largest market worldwide, China Economic Net (CEN) reported it on Friday quoting data from the International Trade Administration. This growth is fueled by a burgeoning middle class, widespread smartphone and internet usage, enhanced e-commerce infrastructure, and strong government support in […]
Pak Exports: US, UAE, UK top list By: APP on August 31, 2024The United States (US) remained the top export destination of Pakistani products during the first month of the current financial year 2024-25, followed by the United Arab Emirates (UAE) and United Kingdom (UK). Total exports to the US during July 2024 were recorded at US $476.017 million against the exports of US $443.789 million during […]
Rupee gains 11 paisa against dollar By: APP on August 31, 2024Pakistani rupee on Friday appreciated by 11 paisa against the US dollar in the interbank trading and closed at Rs 278.53 against the previous day’s closing of Rs 278.64. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.65 and […]
Boosting Bilateral Trade: Zimbabwe eyes $100mln with Pakistan By: APP on August 31, 2024Ambassador of Zimbabwe to Pakistan, Titus M.J. Abu Basutu on Friday said that the existing bilateral trade between Pakistan and Zimbabwe stands at $ 30 million in FY 2023 less than its potential, which needs to be increased to $100 million in the coming three years. The target is to take the volume of bilateral […]
Pakistan, Singapore discuss enhanced economic ties By: APP on August 31, 2024Pakistan’s High Commissioner to Singapore Rabia Shafiq and her team held a productive discussion with a delegation from the Singapore Business Federation (SBF) to further enhance the economic partnership between the two countries. The SBF delegation was briefed on the current sta e of economic relations between Singapore and Pakistan. The growth potential in various […]
LCCI elections 2024: PPPA announces candidates By: News Desk on August 31, 2024The Piaf Pioneer Progressive Alliance (PPPA) has unanimously announced the names of its all candidates for the Executive Committee of the upcoming Lahore Chambers of Commerce & Industry (LCCI) election being held in Sept 2024. Among the corporate class candidates they include Abdul Majeed, Irfan Ahmad Qureshi, Shaaban Akhtar, Aamir Saeed Mian, Mian Muneeb Naseer, […]
Taxpayers seek Finance Act 2024 clarity By: inp on August 31, 2024Tariq Mahmood Meo, a senior member of the Lahore Tax Bar and former Chairman of the Sales Tax Refunds Committee, has expressed growing concerns over the confusion surrounding the Finance Act 2024. Meo revealed that 4 million taxpayers still struggle to understand the new legislation, leading to increased anxiety and reluctance to file income tax […]
Juicy Profits: Pakistan’s mango exports bring in $46.7mln By: inp on August 31, 2024Pakistan has revealed earnings of $46.7 million from mango exports this year, according to details presented by the Ministry of Commerce. The report highlights that Pakistan exported mangoes to 42 countries, with the United Kingdom and the United Arab Emirates (UAE) being the largest markets. The UK imported $13.2 million worth of mangoes, while the […]