Day: November 4, 2021

Pakistan’s cotton output has soared up to 6.2 million bales in the current season (June-Nov), a surge of 81 percent compared to the same period last year, owing to timely rains and better incentives to the farmers.According to Pakistan Cotton Ginners’ …

Pakistan has arranged $761.5 million in Murabaha financing from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products on deferred payment.The development was announced in a series of tweets by Economics Affairs Divisio…

Advisor on Finance Shaukat Fayaz Tarin and Advisor on Commerce Abdul Razzak Dawood called on Prime Minister Imran Khan today (Thursday). Advisor on Finance briefed the Prime Minister on the overall economic situation.The commerce advisor briefed the Pr…

Building upon SBP’s vision of promoting Pakistan’s domestic payment scheme PayPak, MCB Bank (MCB) has signed an agreement with 1LINK, to facilitate PayPak cardholders in conducting online eCommerce transactions.MCB PayPak Debit Card customers will soon…

The United Kingdom has announced more than £55 million worth of support to help Pakistan tackle climate change as part of the COP26 Global Climate Change Summit this week.As global leaders come together for the COP26, this is a critical time for Pakist…

The Pakistani Rupee (PKR) finally posted blanket losses against the US Dollar after a week. The local unit deteriorated by 4 paisas against the greenback in the interbank currency market today.The PKR traded between Rs. 170.12 to the USD and Rs. 169.85…

Federal Minister for Economic Affairs, Omar Ayub Khan, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad today.Adviser to the Prime Minister on Finance & Revenue, Shaukat Tarin, F…

The freelance earning in Pakistan, during the first quarter of the fiscal year 2021-22, grew by 21.37%, surging from $87.247 million to $105.895 million as compared to the first quarter of the previous fiscal year.Out of the total amount earned through…