Category: Affairs

While the November release of quarterly national accounts represents an important step forward for economic statistics in Pakistan, projects are underway for future improvements, including further refinements of seasonally adjusted estimates for eventual public release and the development of quarterly expenditure-based GDP, says the World Bank. The Bank officials in

Illegal and smuggled cigarettes cause an annual loss of over Rs 310 billion to Pakistan’s economy, a report by the National University of Science and Technology (NUST) said on Tuesday. At the launch event of the report, Federal Minister of Defence Khawaja Asif boldly claimed that Pakistan could potentially collect

The country imported mobile phones worth $1.462 billion during the first ten months (July-April) of the current fiscal year 2023-24, registering a growth of 209.07 percent when compared to $473.287 million during the same period of last fiscal year. In rupee terms, the country imported mobile phones of Rs. 414.276

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $171 million in April 2024, compared to $182 million in the previous month. Overall RDA funds received to date increased to $7.831 billion by the end of April 2024, according to the State Bank of Pakistan (SBP). Till the

Pakistan International Airlines Corporation Limited (PSX: PIAA) will officially close its books at the Pakistan Stock Exchange (PSX) on May 25, 2024. This date has been set to determine the Class ‘A’ and Class ‘B’ shareholders of the company, a stock filing dated May 16, 2024, revealed. The Securities and

The agricultural sector, already burdened by an ongoing wheat crisis, is facing additional challenges as juice and nectar producers reduce their fruit purchases. This downturn is linked to the recent implementation of higher taxes on the industry, reports surfaced on Tuesday. The report highlights that juice companies have scaled back

In a significant step towards enhancing Pakistan’s refining capabilities, senior management from Pakistan Refinery Limited (PRL) recently visited China to engage with Engineering, Procurement, and Construction (EPC) contractors and financial institutions. These discussions were highly productive, laying the groundwork for the forthcoming phases of PRL’s Refinery Expansion and Upgrade Project

A delegation of Pakistan Retail Business Council (PRBC) led by Chairman PRBC Ziad Bashir called on Federal Minister for Finance Muhammad Aurangzeb at Finance Division today. Minister of State for Finance and Revenue Ali Pervez Malik also attended the meeting. The PRBC delegation expressed their appreciation for steps being taken