IT exports target set at $5bn

IT exports target set at $5bn

“We are setting a target of $5 billion in information technology export remittance by fiscal year 2023, and will provide all the necessary support to achieve this target,” Federal Minister for IT Syed Amin Ul

Record jump in remittances

Record jump in remittances

Workers’ remittance into the country 36.5 per cent year-on-year to $2.768 billion -- highest ever monthly remittances during the country’s history, data released by the State Bank of Pakistan (SBP) showed on Monday. “In July,

Mechanism for digital payments unveiled

Mechanism for digital payments unveiled

In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital

Fiscal deficit narrows to 8.1pc in last fiscal year

Fiscal deficit narrows to 8.1pc in last fiscal year

The country’s fiscal deficit in the fiscal year 2019-20 stood at 8.1 percent of the GDP, data released by the Ministry of Finance showed on Wednesday. In figures, the budget deficit in FY20 amounted to

Big industry plummets 10.7pc in June

Big industry plummets 10.7pc in June

The Large Scale Manufacturing of the country showed a decrease of 10.17 percent in FY20, data released by the Pakistan Bureau of Statistics showed on Wednesday. “The overall output of LSMI decreased by 10.17% for

Mixed auto sales in July

Mixed auto sales in July

Passenger car sales during the month of July fell 7.7 per cent year-on-year to 10,123 units from 10,968 units sold in the corresponding month of last year, data released by the Pakistan Automotive Manufacturers’ Association

Will facilitate businesses, says PM Khan

Will facilitate businesses, says PM Khan

Prime Minister Imran Khan on Friday said that the government will do its utmost to support the business and trade in the country while meeting a delegation of national assembly representatives from the city of

Business confidence weakens

Business confidence weakens

A survey conducted to gauge business confidence in the country between May to June 2020 on Wednesday showed that the confidence of businesses in the country has plummeted. The Overseas Investors Chamber of Commerce and

Cement sales jump 38pc in July

Cement sales jump 38pc in July

Cement sales across the country during the month of July jumped up 38 percent to 4.83 million tonnes compared to 3.512m tonnes in the same period last fiscal year due to an uptick in the

Exports rebound 5.8pc in July

Exports rebound 5.8pc in July

Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday chaired a meeting at the Commerce Ministry to review the recent trade statistics and devise plans for improving exports, a press