KARACHI: The rupee fell 33 paisas against the dollar on Friday due to the demand pressure for foreign payment, as the currency market opened after the bank holiday, dealers said. The exchange rate ended at Rs157.87 against the dollar from the last working day’s closing of Rs157.54 in the interbank foreign exchange market. The currency … Read more
KARACHI: The total cement sales of the country in June 2021 is expected to rise 11 per cent to 15 per cent Year-on-Year (YoY) and 30 per cent to 34 per cent Month-on-Month (MoM) to 5.1 million tonnes to 5.3 million tonnes, reaching utilisation of around 93 per cent, according to a report issued on … Read more
The services trade deficit of Pakistan has contracted by 42.41 percent during the first half of the current fiscal year (2020-21). According to the latest data by the Pakistan Bureau of Statistics (PBS) as compared to the corresponding period of the last fiscal year, services trade deficit of the country contracted by 42.41 percent. The … Read more
The State Bank of Pakistan released its First Quarterly Report on The State of Pakistan’s Economy for the fiscal year 2020-21 today covering the period July – September 2020. The report finds that there were encouraging indications during Q1-FY21 that Pakistan’s economy was regaining its pre-Covid trajectory. The recovery in economic activities was evident across … Read more
State Bank of Pakistan has released 3rd Quarterly Report for for the year 2019-20. According to the report released by the SBP, inflation will remain at 7-9% this financial year. [embedpost id=”50366″ slug=”psx-becomes-2nd-best-performer-internationally”] The report also said that the inflation rate in July was higher than expected. According to the report, inflation stood at 9.30% … Read more
Khyber Pakhtunkhwa has presented a budget of Rs 923 billion for the financial year 2020-21. No new tax has been imposed in the province. Rs 317 billion has been allocated for the development program. The provincial budget was approved in the Khyber Pakhtunkhwa cabinet meeting, after which Finance Minister Timur Jhagra presented the budget in … Read more
The government has presented the budget for the fiscal year 2020-21 today (Jun 12) and assigned Rs1.324 trillion for the Public Sector Development Programme. Following are the pointers of distributions under the Public Sector Development Programme (PSDP) for various divisions and ministries for the FY 2020-2021: The total expenses of the PSDP for this fiscal … Read more
