Category: Business

Business news from Pakistan

Inflation rate to come down from next month: Miftah Ismail

ISLAMABAD, Sep 7 (APP):Terming the hike in electricity and petroleum prices a result of unwise policies of the previous government of Pakistan Tehreek-i-Insaaf (PTI), Minister for Finance and Revenue Miftah Ismail Wednesday hinted at slowing down the inflation rate from next month. “The nation would have to bear the higher rates for one more month”,… Continue reading Inflation rate to come down from next month: Miftah Ismail

RDA inflows reach $5 billion mark in 24 months

ISLAMABAD, Sep 7 (APP):Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July, according to a latest data released by the State Bank of Pakistan. The data showed that the inflows of remittances during the month… Continue reading RDA inflows reach $5 billion mark in 24 months

Pakistan needs enhanced financing for natural disasters: ADB

ISLAMABAD, Sep 6 (APP):Pakistan urgently needs to enhance the current disaster risk finance approach as risk retention mechanisms are insufficient to cover the losses associated with even the most frequent of flood and earthquake events, Asian Development Bank (ADB) said in a report on Tuesday. The report titled “Narrowing the Disaster Risk Protection Gap in… Continue reading Pakistan needs enhanced financing for natural disasters: ADB

Authorities concerned directed for addressing issues being faced by exporters

ISLAMABAD, Sep 05 (APP): Federal Minister for Finance and Revenue Miftah Ismail here Monday directed the relevant authorities to take appropriate measures for resolving issues being faced by exporters especially related to exports and tax refunds. The minister held a meeting with delegation of Pakistan Textile Exporters Association (PTEA) led by its Patron in Chief… Continue reading Authorities concerned directed for addressing issues being faced by exporters

Exports increase by 3.75% to $4.7 bln in 2 months

According to PBS data, the exports from the country were recorded at $4.759 billion during July-August (2022-23) against the exports of $4.587 billion recorded during July-August (2021-22), showing growth of 3.75 percent. On the other hand, the imports into the country decreased by 9.25 percent by declining from $12.152 billion last year to $11.028 billion… Continue reading Exports increase by 3.75% to $4.7 bln in 2 months

Miftah Ismail emphasizes to enhance Pak-Aus bilateral ties

ISLAMABAD, Sep 1 (APP): Finance Minister Miftah Ismail on Thursday welcomed the Australian High Commissioner Neil Hawkin and highlighted bilateral relations and how it had evolved between the two states. Australian High Commissioner to Pakistan Neil Hawkins along with First Secretary Ashleigh Light called on the minister, said a press release. Finance Minister Miftah Ismail… Continue reading Miftah Ismail emphasizes to enhance Pak-Aus bilateral ties

PSX continues with bullish trend, gains 108 points

File Photo

ISLAMABAD, Sep 1 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 108.93 points, a positive change of 0.26 percent, closing at 42,460.08 points against 42,351.15 points on the last working day. A total of 248,196,388 shares were traded during the day compared to the trade of… Continue reading PSX continues with bullish trend, gains 108 points

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