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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…

Successful plantation drive led by PM across the country

Successful plantation drive led by PM across the country

Prime Minister Imran Khan, in his push to increase the country’s forest cover launched a major plantation drive across the country on August 9 in view of taking advantage of the monsoon rains and invited…

Moody’s upgrade due to government policies

International ratings agency, the Moody’s on Saturday confirmed Pakistan’s ratings at B3 stable changing its stance from the ‘under review’ for downgrade.  “Moody’s Investors Service (“Moody’s”) has today confirmed the Government of Pakistan’s B3 local…

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…

Army called in to help clean Karachi

Army called in to help clean Karachi

Prime Minister Imran Khan, after watching the damage caused by rains in Karachi, has asked the Pakistan Army to help clean up the rain battered metropolitan city of Karachi. “I have asked the National Disaster…

Pakistan receives $505m from World Bank

Pakistan receives $505m from World Bank

The State Bank of Pakistan on Tuesday said that it has received $505 million from the World Bank. “#SBP has received USD 505.5 mn today from @WorldBank,” it said in a tweet released on the…

Opposition lambasts govt over delay in FATF legislation

Opposition lambasts govt over delay in FATF legislation

With just nine days remaining in the deadline for compliance with the Financial Action Task Force’s 27 points action and 40 recommendations, the government’s performance in both stands at 14 and respectively. As these numbers…

Rupee Continues to Fall Against the Dollar

Rupee Continues to Fall Against the Dollar

The dollar recorded stellar gains to reach the fiscal year high against the rupee as despite falling demand for the greenback in the interbank as well as the open market.  On Tuesday, the dollar was…

US bans PIA flights into the country

US bans PIA flights into the country

The United States Department of Transportation on Thursday said it revoked the permission for the Pakistan International Airlines (PIA) from flying in charter flights into the country. The decision to ban PIA from entering the…