Forex reserves move up
The country’s liquid foreign exchange reserves increased by $282 million during last week. According to State Bank of Pakistan (SBP), total liquid foreign exchange reserves held by the country stood at $18.645 billion as on January 31, 2020 compared to $18.363 billion on Jan 24, 2020. During the week under review, with an increase of […]
Govt May Increase Gas Prices this month
The Economic Coordination Committee (ECC) of the federal cabinet is going to meet today and is expected to raise gas tariffs by 5% to 15% for different consumers. According to reports, the Oil and Gas Regulatory Authority (OGRA) had proposed a 245% increase in gas tariffs. However, the petroleum division rejected the proposal and suggested a […]
Pakistan plans to Export 400,000 Barrels of Furnace oil
Pakistan, which is a leading oil importing country, has become an exporter of furnace oil.Pakistan Petroleum Limited (PPL) is planning to export up to 400,000 barrels of crude condensate produced from its Gambat South Block. Gambat South is located in District Sanghar, Sindh. The block was granted to PPL in December 2009. Later, the company […]
Germany keen to promote bilateral trade relations with Pakistan
Bernhard Schlagheck, ambassador of the Federal Republic of Germany in Pakistan said that Germany wanted to further enhance trade relations with Pakistan and added that two German delegations one representing water & sanitation sector and the other representing agriculture sector were scheduled to visit Pakistan to explore business collaborations with Pakistani counterparts. He […]
Pakistan will try to compensate Malaysia’s palm oil trade loss to India: PM Imran
Pakistan would help Malaysia compensate the loss it suffered due to Indian sanctions on palm oil trade, says the prime minister Imran Khan. Addressing a joint presser along with his Malaysian counterpart Mahathir Mohamad, Imran Khan thanked the Malaysian PM for raising voice against the Indian actions in the occupied Kashmir as well as […]
USA, China, UK top three destinations of Pakistani exports: SBP
The United States of America (USA) remained the top export destinations of the Pakistani products during first half of current financial year (2019-20), followed by China and United Kingdom (UK). The total exports to the USA during July-December (2019-20) were recorded at US $ 2074.168 million against the exports of $2018.797 million during July-December (2018-19), […]
SBP allows Banks to use the message type MT 102 in PRISM system for free
The State Bank of Pakistan has decided that banks can now use the MT 102 message in Pakistan Real-time Interbank Settlement Mechanism (PRISM) system free of charge and with no limit on minimum amount. Now, in order to facilitate the stakeholders by reducing Turnaround Time (TAT) and to ensure the secured settlement of remote area […]
Executive Insights: Dr. Norman Bin Mohd. Norawi from Malaysia
Consultant – Aesthetic, Anti-Aging and Regenerative medicine, Dr. Norman Bin Mohammad Norawi from Malaysia shares his point of view on significant role of Nutrition
Exports increase to 24.8% in first half of the current fiscal year
The exports from the country, in rupee term, increased by 24.82 percent during the first half of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the country during July-December (2019-20) were recorded at Rs1,805,074 million against the exports of Rs1,446,166 million during […]
PM Imran pitches leading tech companies to invest in Pakistani youth
Prime Minister Imran Khan on Wednesday met with several heads of digital and technology firms, including Christian Klein, the chief operating officer of SAP — a European software cooperation, Susan Wojcicki, CEO of YouTube and Joe Kaeser, CEO of Siemens. In the meeting held on the sidelines of the World Economic Forum (WEF), Klein […]