In a promising development for the agricultural sector, the first four months of the current financial year have witnessed a substantial year-on-year increase in tractor sales, according to data released by the All Pakistan Automobile Manufacturers Association. The numbers reveal a robust growth trend, indicating positive momentum in the agricultural machinery sector and contributing significantly … Read more
ISLAMABAD: The sale and production of cars witnessed an increase of 71.22 and 72.85 per cent respectively during the first half of current financial year 2021/22, as compared to corresponding period of last year. During the July-December 2021/22, as many as 114,765 cars were sold against the sale of 67,026 units while the production of … Read more
ISLAMABAD: The collection of the Federal Board of Revenue (FBR) has registered a growth of 32.5 per cent in July-December of 2021, according to the provisional figures of the revenue collection released for the months of July-December of the current financial year 2021/22. The revenue board has collected the net revenue of Rs2.920 trillion during … Read more
TOKYO: Japan’s government on Friday unveiled its biggest ever full-year budget, including record defence spending to counter intensifying regional security threats. Cabinet ministers approved a draft national budget of a whopping 107.6 trillion yen ($940 billion) for the 2022/23 fiscal year, including 5.4 trillion yen for defence. Both figures have been increasing steadily for a decade … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has suggested a three-pronged strategy for strengthening the economy, a statement said. Referring to heavy fall in the KSE-100 Index, LCCI president Mian Nauman Kabir said that it was temporary and the investors should not worry and expressed the hope that the stock exchange would start … Read more
KARACHI: The import bill of Pakistan recorded a hike in November, 2021, as the country witnessed a growth of more than 82 per cent in imports on a year-on-year basis. According to data released by the Pakistan Bureau of Statistics (PBS), the imports for November 2021, reached $7.8 billion, compared with $4.3 billion in the … Read more
Exports of electric fans from the country have declined by 21.35 percent year-on-year in the first two months of the current financial year. According to the Pakistan Bureau of Statistics, exports of electric fans in July and August this year earned the country $4.43 million in foreign exchange, down 21.35 percent from the same period … Read more
Export freight expenditure on domestic exports has declined on an annual basis during the first two months of the current financial year. According to the SBP report, between July and August this year, freight expenditure on domestic exports was 40.27 million, which is 23.93 percent less than the same period of the previous financial year. … Read more
Pakistan’s top tax authority has claimed to have collected Rs 41.43 trillion in the first 11 months of the current financial year, reflecting the resumption of economic activity in the country, compared to Rs 35.30 trillion in the same period last year. According to the report, in the last two days of this month (May … Read more
The production of petroleum products in the country has increased on a monthly and annual basis during the current financial year. According to the Pakistan Bureau of Statistics, in the period from July to November 2020, the production of petroleum products in the country has increased by 1.50% as compared to the same period of … Read more
