Economy
Pakistan’s cement exports surge by 40.46% in four months
Cement exports in Pakistan rose by 40.46% in the first four months of the financial year 2023-24 compared to the same period last year. Cement exports from Pakistan reached US $93.087 million in July-October (2023-24), marking a 40.46% increase from US $66.271 million in the same period of the previous year, as reported by the…
Eastnets to host a conference on “Financial Crime in the Digital Age” on Nov 25
Karachi: Eastnets, a global provider of compliance and payment solutions for the financial services sector, will host a conference on “Financial Crime in the Digital Age” on November 25 at the Pearl-Continental Hotel in Karachi. The conference will bring together experts, regulators, and industry practitioners to discuss the challenges and trends in combating financial crime…
Pakistan borrowed $3.81 billion in the initial four months of FY23-24
Islamabad, November 20, 2023 : Pakistan borrowed $3.81 billion in the initial months of FY2023-24, quoting the Economic Affairs division report. According to the report, Pakistan’s international borrowing dropped to $3.81 billion from $4.20 billion in the first four months (July-October) of 2022. Additionally, the report mentioned that the country secured a $2 billion international…
PSX surpasses 55,000 pts on Friday
Karachi, November 10, 2023 : On Friday, the Pakistan Stock Exchange (PSX) reached a significant milestone as its key KSE-100 index soared beyond the 55,000-point threshold, establishing a new record high in intraday trading. This upswing was propelled by a surge of more than 833 points, fueled by various positive factors such as the confirmation…
Pakistan, Arab Monetary Fund ink MoU to facilitate cross-border remittances
Karachi, November 03, 2023: The Arab Monetary Fund (AMF) and the State Bank of Pakistan (SBP) signed a memorandum of understanding (MOU) to facilitate cross-border remittances between the Arab region and Pakistan. According to a statement, the MoU is signed to establish a framework of cooperation between Buna, the cross-border payment system operated by Arab…