Quandary of Pakistan’s Carpet Industry on August 14, 2018The plight of Carpet Industry of Pakistan is turning into an abysmal story as the export value of the industry during the last decade till 2017, came down from $396 million to $136 million. India in comparison had an annual carpet export of $300 million which soared to $8 billion in 2016 Total production of […]
‘Incentives for exporters, preferential conduct can help reduce trade deficit’ on August 12, 2018Country’s exports to $35 billion under Strategic Trade Policy Framework 2015-18, increasing its share in global trade, reducing cost of doing business, ease market-access, strengthen its institutions, improving competitiveness through professional training, lowering costs of industrial inputs, entering into Preferential-Trade Agreements with developed countries for high-potential value-added exports and exploring new international markets by activating […]
‘GDP growth likely to decline if Pakistan leaves IMF programme’ on August 9, 2018KARACHI: Pakistan will possibly suffer if it leaves International Monetary Fund (IMF) programme given the multifarious economic difficulties to balance macro and micro situation on more than one count. Asad Umar, the next proposed finance minister of the country, had already indicated that it was inevitable to go for an IMF bailout package to around […]
SBP measures help rupee regain ground versus dollar on July 31, 2018KARACHI: Intervention of the State Bank of Pakistan (SBP) in interbank and open market has helped the domestic currency regain ground versus greenback, treasures and currency dealers have revealed. Currency dealers said that central bank had restricted money changers from intercity cash transfer and asked them to coordinate with commercial banks for their businesses. Moreover, […]
Export sector hopes for concerted reforms on July 28, 2018KARACHI: The export-oriented industrial, agriculture and business community of the country while pinning hope in leadership of Imran Khan expressed their confidence that concerted economic, industrial and agricultural reforms and policies would usher a new era of economic development. The export oriented business community was of the opinion that if sincere measures are taken for […]
Jute industry seeks govt support to increase export on July 22, 2018KARACHI: The Pakistan Jute Mills Association (PJMA) has demanded the government to provide ample opportunities to jute industrial sector enabling the industry to increase export and earn handsome foreign exchange. “Currently, the export of the produce stands at around $21 million that can be increased by 50 percent by mitigating the import of raw material […]
Dollar surges to new high of Rs 130 on July 21, 2018KARACHI: The value of US dollar on Friday recorded a high of Rs 130.10 in interbank against domestic unit after an increase of 1.35 in a single day. The country has been left with hardly two-month import bill payments, as forex reserves with State Bank of Pakistan stand at around $9.48 billion. Commercial banks have […]
‘Result-oriented initiatives needed to boost country’s exports’ on July 21, 2018KARACHI: There is a dire need to expedite result-oriented initiative and take steps to strengthen local production value chain to boost the country’s exports. However, Trade Development Authority of Pakistan (TDAP) has made no concerted attempts to assess sectoral competitiveness and perform value chain analysis of selected export sectors of the country. The Global Value […]
Dollar reaches an all-time high of Rs 128.6 on July 17, 2018KARACHI: The value of the US dollar hit an all-time high of Rs 128.26 in the interbank market on Monday, according to forex dealers. The dollar rose by Rs 6.75 in the interbank market, the forex dealers said. As the market opened, the rate of dollar soared to a high of Rs126, then went to […]
The battle for MQM-P’s nerve centre on July 15, 2018CURTAIN RAISER The constituencies of National Assembly (NA-253 to NA-256) and Sindh Assembly seats (PS-123 to PS-130) in Karachi’s District Central boast a literacy rate of over 92 per cent – one of the highest in the country. The total population of Karachi Central, comprising parts of Nazimabad, North Nazimabad, New Karachi, North Karachi, Liquatabad […]