Pakistan’s tea imports during the first eight months (July-February) of the current fiscal year (FY23) totaled Rs. 90 billion, a 24.58 percent increase over the previous fiscal year’s imports of Rs. 72.5 billion (FY21).
Despite high inflation and the eroding purchasing power of Pakistan’s vast majority, consumer goods companies thrived.
ISLAMABAD: Pakistan is facing a sharp decline in cotton production as its per-acre yield has contracted to just half of the cotton productivity in regional countries.
LAHORE: “The recently concluded three-day Pakistan Solar Exhibition provides a unique platform for developing partnerships with local governments and private sectors to find innovative solutions,” said Chinese exhibitor Howard Fu.
ISLAMABAD: The Supreme Court of Pakistan granted interim relief on Wednesday against the 20% deemed income tax on real estate, which will reduce revenue collection,
SRINAGAR: Dubai’s Emaar Group plans to construct a $60 million shopping and office complex in India-controlled Kashmir, a region claimed by both Pakistan and India.
Under Prime Minister Shahbaz Sharif’s vision, the Ministry of Planning, Development, and Special Initiatives has launched the Prime Minister’s Youth Development Initiatives to assist the country’s youth, who account for 64% of the total population.
A Russian delegation will meet with Pakistan State Oil (PSO) in Karachi today (Tuesday) to finalise a crude oil import deal on a government-to-government basis (GtG).
Pak Suzuki Motor Company Limited (PSMC) has announced its highest-ever after-tax loss of Rs. 6.33 billion for the fiscal year (CY) that ended on December 31, 2022.
KARACHI: The State Bank of Pakistan (SBP) has scrapped the statutory minimum fee of 1.5% that banks were charging merchants on financial transactions made with debit and credit cards
KARACHI: Pakistan has received a $500 million loan tranche from China, which will assist the country in replenishing its diminishing foreign exchange reserves as the government confronts an ongoing economic crisis.
The reports said that the International Air Transport Association (IATA) has warned that an aviation catastrophe might strike Pakistan, as airlines struggle to collect $290 million due to a severe financial crisis.
