SBP wants govt to address four major challenges to countrys economy on October 13, 2017 KARACHI: The State Bank of Pakistan has called for containing unnecessary imports and expanding the export base in order to keep current account deficit at manageable level. It also called for rational utilisation of water in country to ensure future supplies. In its annual report on the state of Pakistan’s economy for the fiscal […]
CPEC enables Pakistan to export hybrid rice seed on October 12, 2017GOLARCHI: Cooperation between Pakistan and China under China-Pakistan Economic Corridor (CPEC) enabled Pakistan to export hybrid rice seeds for the first time in the country’s agricultural history, indicating that the cooperation between the two countries was expanding to other sectors, including agriculture. The initial shipment, consisting of 50 to 100 metric tonnes of seeds locally […]
PSX closes after gaining 844 points on October 7, 2017KARACHI: Pakistan equities bounced back on Friday, with the benchmark KSE-100 index gaining 844 points to cross the 41,000 points barrier. The index opened on a high and continued an upward trajectory, hitting a high of 41,344 points to close at 41,312 points. The market struggled for a direction in the first fifteen minutes but […]
SBP decides to keep policy rate unchanged at 5.75% on September 30, 2017KARACHI: The State Bank of Pakistan (SBP) on Friday decided to keep the policy rate unchanged at 5.75 percent in the backdrop of favourable macroeconomic growth despite demand pressure on core inflation. In its monetary policy statement, the central bank said that following detailed deliberations and taking into consideration the economic developments, the Monetary Policy […]
No place for technocrat govt in Pakistan on September 28, 2017KARACHI: Terming it “treason”, the Sindh Governor Muhammad Zubair has ruled out possibility of “technocrat government” in the country saying that the constitution does not recognize any such formation of government. Talking to a group of Business Reporters at Governor House, Sindh Governor, said on Wednesday that payment of refunds to exporters is the priority […]
Mobile phones dangerous for children on September 27, 2017KARACHI: The growing use of mobile phone among children is exposing them to number of diseases, due to restricted physical activities, and also socially isolating them, warned health experts. Speaking at a press briefing held in connection with the World Alzheimer’s Day on Tuesday, the health experts stressed the need for physical activities among the […]
Pakistan emerges as top market for smartphones on September 26, 2017KARACHI: The usage of 3G/4G services is increasing at an impressive pace in various cities of the country, providing an opportunity to the people to adopt new ways of communication, education and infotainment through devices, especially mobile phones in Pakistan. The acquisition of mobile broadband technology is the significant in Pakistan so as the adoption […]
Banks should reduce charges to encourage remittance flow on September 22, 2017KARACHI: State Bank of Pakistan in coordination with is improving system for timely payment of remittance to the accounts of recipients in order to encourage overseas Pakistanis so that they could transfer money through official channels instead of Hundi/Hawala, said Jamil Ahmed, Deputy Governor, State Bank of Pakistan. Addressing the event of awareness campaign launched […]
Chinese investment in Pakistan continues to increase, FDI up by 155 percent in 2MFY18 on September 19, 2017KARACHI: The Foreign Direct investment (FDI) continues to show encouraging growth trend as in the first two months of current fiscal year (July-August), 2MFY18, the FDI has posted substantial growth of 155 percent to $457.2 million as compared to $179.4 million invested during the same period of the previous fiscal year. China topped as the single […]
Ensuring speedy justice to all petitioners: Chief Justice SHC on September 16, 2017Karachi: Chief Justice of Sindh High Court, Justice Ahmed Ali Shaikh on Friday said that the efforts were underway to provide speedy justice to all petitioners, especially poor and prisoners, and hoped that by the end of current year, 2017, all the pending cases of previous year, 2016, would be disposed of. Addressing the 2nd […]