KARACHI: The rupee weakened 41 paisas to touch a five-month low of Rs159.33 against the dollar on Thursday, owing to the demand for oil imports and other commodities payments, dealers said. The exchange rate ended at Rs158.92 on Wednesday in the interbank foreign exchange market. The rupee was last seen at the same level on … Read more
ISLAMABAD: Pakistan has the potential of earning $5 billion annually through the exports of precious stones, which will have a positive impact on the national economy and create millions of jobs. This was informed during a meeting of the Gems, Jewellery and Minerals Task Force, which was chaired by Prime Minister Imran Khan. Currently, Pakistan … Read more
The export of Telecommunication and Computer services from Pakistan has improved 47.11 percent throughout 11 months of the fiscal year 2020-21 as they surged to $ 1904.65 million. According to data released by the State Bank of Pakistan, imports of telecom and computer services throughout July-May 2020-21 stayed $481.57 million, 46 % higher than the … Read more
KARACHI: The rupee/dollar parity is likely to move range-bound next week, owing to the demand for import and corporate payments, besides inflows of export receipts and workers remittances. The currency experts said that the exchange rate would depend on the demand for import and corporate payments. Usually, by the end of the fiscal year, the … Read more
KARACHI: The (SBP) central bank has proposed changes in the foreign exchange regulations to facilitate Pakistani exporters to sell their products through the international digital marketplace. The State Bank of Pakistan (SBP) on Monday issued regulations to propose changes in its regulatory instructions for exports of goods from Pakistan. “These changes aim at promoting ease … Read more
KARACHI: The rupee depreciated 45 paisas against the US dollar on Monday due to higher demand for import and corporate payments on the first day of the week, dealers said. The exchange rate ended at Rs156.19 against the dollar from the last Friday’s closing of Rs155.74 in the interbank foreign exchange market. The dealers said … Read more
ISLAMABAD: The government will unveil an excellent textile and apparel policy with cash subsidy and low rates worth Rs 960 billion to promote the export and production of value-added textile products. According to the details, the proposed policy would be the third such policy, estimating three scenarios that would increase textile and clothing exports to … Read more
All Pakistan Fruit and Vegetable Exporters Importers and Merchants Association (PFVA) sent a letter to the Ministry of Commerce to commence mango exports in the country from June 1 instead of May 20. PFVA director Haider Ahmed says that due to climate change, the mango crop may not be ready till May 20, while there … Read more
ISLAMABAD: Economic Coordination Committee (ECC) has decided to impose immediate ban on export of sugar. According to the details, The meeting was held in Islamabad on Monday with Adviser to the Prime Minister on Finance Sheikh Abdul Hafeez in the chair. The meeting observed that there are sufficient and adequate stocks of sugar in the … Read more
The Government of Pakistan Tehreek e Insaf (PTI) will increase the export of kinnow and also determined to increase the production of Kinnow. According to the details, Provincial Minister for Human Resources and Development Ansar Majeed Niazi said on Monday that PTI led government was determined to increase the production of Kinnow and steps have … Read more
Pakistan has earned $206.040 million by providing different travel services in various countries during the first five months of the current financial year 2019-20. This shows growth of 22.61 percent as compared to $168.050 million same services were provided during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics (PBS) said. During the … Read more
Pakistani exporters are eager to enter the huge Chinese meat market, China Economic Net (CEN) reported on Monday. “China’s demand for meat imports is very large, and many Pakistani exporters call us every day to indicate that once China opens Pakistani meat exports, they hope to sign a one-year contract immediately,” Adnan Hafeez, Secretary-General of … Read more
