Business

Country’s exports reached over $18b in last nine months: Razak

Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood has said the country's exports have reached over 18 billion dollars in the last nine months. In a tweet on Thursday, he said for the 9-month period of July-March of the current Financial Year, our exports increased by 7 percent as compared to the same period of previous year.

233 Views 0

Country’s exports reached over $18b in last nine months: Razak

Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood has said the country's exports have reached over 18 billion dollars in the last nine months. In a tweet on Thursday, he said for the 9-month period of July-March of the current Financial Year, our exports increased by 7 percent as compared to the same period of previous year.

233 Views 0

SSGC replaces 315,290 faulty meters to bring down UFG ratio

The Sui Southern Gas Company (SSGC) has replaced around 315,290 faulty meters during the last fiscal year in a bid to bring down the ratio of Unaccounted for Gas (UFG), a key factor affecting its financial health and growth. Besides, the SSGC Measurement Department replaced and tested 1,244 industrial meters against the target of 1,560 meters. “Similarly, during 2019-20, around...

332 Views 0

Palm oil imports increase 34pc to $1.585 bln in 8 months

The palm oil imports into the country increased by 34.03 percent during the first eight months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July-February (2020-21) were recorded at $1585.381 million against the imports of $1182.899 million during July-February (2019-20), showing increase of 34.03 percent, according to latest...

678 Views 0

Oil import bill shrinks by 20.90% to $5.64bn in 7 months

The country’s oil import bill witnessed reduction of 20.90 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751 million against the imports of $7131.451 million during July-January (2019-20), showing decline of 20.90 percent, according to latest data by Pakistan...

1538 Views 0
wheat

Govt sets wheat grinding ratio by 80:20 to cut flour price

To increase the production of flour and bring down its price, the federal government on Thursday decided to set the grinding ratio of wheat by 80:20, to be ensured by the provincial governments. The decision was taken during a high-level meeting chaired by Prime Minister Imran Khan. The Prime Minister tasked the Finance Minister to review the existing business model...

1668 Views 0

Exports cross $2 billion for four consecutive months in eight years: Dawood

Pakistan's exports have crossed the mark of two billion dollars for four consecutive months for the first time in last eight years. This was informed at a consultative meeting by Prime Ministers Advisor on Commerce Abdul Razak Dawood via video link to review trade data till last month. It was apprised that exports in last month increased by eight percent...

2221 Views 0

Petrol price in Pakistan goes up by Rs2.70 for February

The government on Sunday announced that the price of petrol for February will go up by Rs2.70 per litre. According to a notification by the Prime Minister Office, light diesel oil will also see a rise in price by Rs3, high speed diesel will cost Rs2.88 dearer and kerosene will be priced Rs3.54 more expensive per litre. The new prices...

1670 Views 0

Federal govt announces Rs1.95 per unit hike in power tariff

The government has announced Rs 1.95 per unit increase in the power tariff, placing another burden on the already inflation stricken public. Federal Minister for Energy Omar Ayub announced the price hike in a press conference on Thursday, saying that the PML-N government had left landmines for the coming government. He said that PTI government will have to recover the...

3006 Views 0

Forex Reserves Fall by a Slight Margin

The foreign exchange reserves held by the central bank fell 0.09% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 8, the foreign currency reserves held by the SBP were recorded at $13,400 million, down $12 million compared with $13,412.3 million in the previous week. The central bank gave no...

2324 Views 0

Oil Prices see a Temporary Skid This Week

Oil prices dropped about (three per cent) on Monday due to the fast-spreading new-mutated coronavirus strain that has shut down much of the United Kingdom. This fuelled worries over a slower recovery in fuel demand of which the supply is already in line, amid tighter restrictions in Europe. Expert Quotes “The oil market has been on a bull trend in...

4470 Views 0

Oil Prices Rise with COVID Vaccine

  Web Desk: Ayaz Malik, London reports that oil prices rose today with news about Covid-19 vaccines lifted investor hopes for a recovery in fuel demand and outweighed concerns sparked by figures indicating US oil inventories jumped last week. US West Texas Intermediate (WTI) crude climbed $0.22, or 0.5%, to $45.82. The due USA Brent rose approximate of $0.27, or 0.6%, to...

4963 Views 0

Latest Prices of Fuel In Pakistan According to Notification Issued

“The prices of petrol, kerosene, and light diesel price will remain the same till December 15”, said a notification from the Finance Division regarding the raise in fuel prices.  "The Government of Pakistan in its endeavor to provide maximum relief to the public has decided to absorb most of the increase in international prices of petroleum products," the notification further...

4390 Views 0

Rs. 16 Billion Deposited in Roshan Pakistan’s Digital Accounts

It has been reported  that over $100 Million amounting to Rs16 Billion have been deposited by the Expat community in Roshan Pakistan Digital Accounts uptil now. Talking to the media, during an event at Dubai, the Governor State Bank, Reza Baqir said “This repatriable account can be opened remotely, without physical presence, in multiple currency offerings and is at the...

3236 Views 0

Oil Prices Surge as Supply Delays with COVID-19 Vacccine Arrival

LONDON: Oil prices firmed on Wednesday on hopes Organisation of the Petroleum Exporting Countries (OPEC) and its allies will delay a planned increase in oil output and after Pfizer said its Covid-19 vaccine was more effective than previously reported according to Reuters. Brent crude rose $0.82, or 1.9%, to $44.57 a barrel by 1211 GMT, while US West Texas Intermediate crude...

3141 Views 0

$304 Million To Support Resource for Punjab By World Bank

WebDesk: Islamabad, The World Bank’s Board of Executive Directors approved $304 million in financing for Punjab Resource Improvement and Digital Effectiveness Program (PRIDE) on Friday. The program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province. “The PRIDE program is integral to the World Bank’s whole-of-country approach in helping...

3529 Views 0

Cabinet Meeting’s Important Decisions with Concern over COVID

Web Desk: Islamabad, the Federal Cabinet during their session yesterday showed their concern where the rise of COVID-19 cases were concerned in the country. They stressed on the point for the entire nation to follow SOP's so as to stay protected during this second wave of the pandemic which has taken a sudden rise as was expected. While acknowledging the...

4212 Views 0
Junior - Taleem Aam Karaingay - Juniors ko Parhaingay