Islamabad, October 23, 2023: The Economic Coordination Committee (ECC) on Monday discussed the proposal in detail and approved immediate import of 200,000 MT of Urea fertilizers. The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet. The Ministry of Industries…
Karachi, October 04, 2023: The value of the Pakistani rupee is demonstrating resilience in the interbank market, resulting in a depreciation of the US dollar, which closed at Rs 284.98. The banks sell the US dollars to the importers at a rate of Rs 285.10, mainly for the purpose of opening the Letters of Credit…
Islamabad: October 03, 2023: The federal government has urged for the implementation uniform regulatory regime across all crop varieties to improve the quality seed system in Pakistan. Caretaker Federal Minister for National Food Security and Research, Dr. Kausar Abdullah Malik chaired a meeting on the Seed System of Pakistan and reviewed its challenges and future…
ISLAMABAD, September 30, 2023: The Federal Board of Revenue (FBR) has collected tax revenue amounted to Rs. 2,041 billion against assigned target of Rs. 1,978 billion thus exceeding the target by Rs. 63 billion during the first quarter of the current financial year (FY24). The collection is also higher than the same period of last…
KARACHI: In spite of the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting a healthy growth 20.6% YoY in FY23 and 70.3% YoY in 4QFY23. According to Arif Habib Limited, the growth in profitability (PAT)…