Shoaib Ansari
Pakistan’s large-scale manufacturing sector during the period between July to May 2019-20 declined by 10.32 per cent as the demand for the country’s goods in the local as well as international markets plummeted due to
Shoaib Ansari
Pakistan’s current account deficit in the fiscal year 2019-20 shrank by nearly 78 percent to $2.96 billion compared to $13.434bn in the corresponding fiscal year, data released by the State Bank of Pakistan showed on
Shoaib Ansari
Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest
Shoaib Ansari
The rupee in the interbank market lost 34 paisas to end Thursday’s session at the level of Rs167.33 against the greenback. Meanwhile, in other currencies, the euro at the open market was up by 50
Shoaib Ansari
Pakistani rupee will remain stable in the short-to-medium term as soft demand for the country’s assets will cool the pressures on the rupee, said Fitch Solutions -- research arm of the Fitch Ratings. “Soft demand
Shoaib Ansari
Automobile sales during the month of June saw a significant recovery from the almost-zero sales booked a few months ago mainly on account of lifting restrictions and easing of lockdowns in the country. Honda and
Shoaib Ansari
Pakistan received a record $23 billion in remittances during the July 2019 to June 20 despite the Covid-19 shock to the global economy in Jan- June 2020 period, the latest data released by the State
Shoaib Ansari
Pakistan’s stock market is on a roll. The benchmark KSE-100 index has gained for 11 consecutive days -- the longest rally since January 2018 after it closed the Friday’s session up by 48.24 points or
Shoaib Ansari
The International Monetary Fund (IMF) on Friday said that it expects Pakistan’s economy to recover in the next year mainly due to government-led interventions to reopen businesses and industries. It said “a gradual recovery is
Shoaib Ansari
The Federal Board of Revenue (FBR) officials on Thursday admitted to blocking refunds worth Rs532 billion in order to show higher-than-actual tax earnings since 2014. The board was not releasing refunds to concerned individuals and
