The government’s efforts to combat sugar hoarding/speculation and the arrival of three cargo vessels of imported wheat have begun to bear fruit with a reduction in grain, flour prices, and sugar prices, offering much-needed relief to consumers.A ship …
Tag: Business
Solangi terms Namira’s journey symbol of Pakistan’s growing presence in space exploration
First Pakistani Astronaut Namira Salim will make spaceflight history next month.She will become the first Pakistani to reach space on Virgin Galactic’s next mission, called “Galactic 04,” which is scheduled to launch from New Mexico’s Spaceport Americ…
Currency Dealers Unhappy With Banks Replacing Exchange Companies
Currency dealers warned that replacing existing money exchange companies could backfire and allow banks to abuse the situation by manipulating the exchange rate.Authorities have stated that they are under pressure to close down exchange companies beca…
Pakistan Seeks Top-Quality Russian Oil At Less Than $60 a Barrel
Pakistan wants top-quality Russian crude at a price not more than the Group of Seven (G7) nations’ $60 per barrel limit.After test-processing the first shipment of 100,000 tons of URAL crude by Pakistan Refinery Limited (PRL), the government wants to …
Banking Sector Assets Grow To Over Rs. 40 Trillion
Despite business challenges in various sectors of the economy, the banking sector remained consistent in major indicators as its assets surged to over Rs. 40 trillion by the end of June 2023.According to the State Bank of Pakistan’s Mid-Year Performanc…
Expediting process of privatization key to Pakistan’s economic revival: Fawad
Minister for Privatization Fawad Hassan Fawad has said expediting the process of privatization is the key to Pakistan’s sustained economic revival.In a tweet, the Minister said that during his meeting with the Prime Minister in Islamabad, he assured to…
Balochistan Governor invites business community to invest in province
Balochistan Governor Malik Abdul Wali Khan Kakar has said that Balochistan is the gateway to Asia from where trade can be done with many countries.He was addressing the business role model award ceremony at the Islamabad Chamber of Commerce and Industr…
Pakistan Imported Mobile Phones Worth Rs. 33 Billion in August
Pakistan’s mobile phone imports crossed Rs. 32.7 billion in August 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).According to PBS data, the imports in August 2023 were 71 percent higher than imports of Rs. 19.1 …