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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…

Pakistani rupee to remain stable in 2020: Fitch

Pakistani rupee to remain stable in 2020: Fitch

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…

Locals demand reopening of Gilgit tourism sites

Locals demand reopening of Gilgit tourism sites

Hundreds of individuals, who earn their livelihood from the tourism and transport sector in the northern province of Gilgit-Baltistan, came out on streets on Wednesday calling on the authorities to lift the ban on tourist…

Pakistan Auto sales recovered in June 2020

Pakistan Auto sales recovered in June 2020

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…

Govt offers investors to whiten black money in construction sector

Govt offers investors to whiten black money in construction sector

Government on Monday said that investors can whiten their black money through investing in the country’s construction sector up until December 31 without facing any scrutiny from local and international organisations.  “Investors have a chance…

Gold scales new peak of Rs108,300 per tola

Gold scales new peak of Rs108,300 per tola

Local gold prices in the country hit their peak on Wednesday after prices of one tola and 10-gram yellow were selling as high as Rs108,300 and Rs92,850 respectively.  The increase in local bullion prices comes…

Cement sales pick up as construction sector revives activities

Cement sales pick up as construction sector revives activities

The country’s cement sales during the month of June picked up by  30 per cent to 4.623 million tonnes compared to 3.206m tonnes during the same period last year. The uptick comes after sales declined…