Business

Hammad Azhar

Pakistan’s economy to grow faster than 2021 forecast: Hammad

Minister for Energy Hammad Azhar says Pakistan’s economy would grow faster than the previous year's forecast. In a tweet, he said as per final figure, the economy grew at 5.37 percent last year.  

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Hammad Azhar

Pakistan’s economy to grow faster than 2021 forecast: Hammad

Minister for Energy Hammad Azhar says Pakistan’s economy would grow faster than the previous year's forecast. In a tweet, he said as per final figure, the economy grew at 5.37 percent last year.  

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Seafood

Seafood exports increase by 3.18% in 1st half

The exports of fish and fish preparations increased by 3.18 per cent during the first half of the current fiscal year as compared to the corresponding period of last year. The seafood exports during July-December (2021-22) were recorded at $201.581 million against the exports of $195.364 million in July-December (2020-21), showing growth of around 3.18 per cent, according to Pakistan...

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Food

Food commodities worth $2.482 billion exported in 6 months

Food group exports from the country during the first-half of current fiscal year increased by 22.28% as compared to the exports of the corresponding period of last year. During the period from July-December, 2021, different food commodities including rice, vegetables, fruits, oil seeds, meat, fish, spices and others valuing $2.482 billion were exported against the exports of $2.030 billion of...

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oil prices

Govt makes partial increase in prices of petroleum products

The government has increased the prices of petroleum products in view of the rising oil prices trend in global market. According to the notification issued by the Finance Ministry, the price of petrol has increased by 3.01 rupees per litre, High Speed Diesel and Kerosene by 3 rupees and Light diesel oil by 3.33 rupees per litre. The notification said...

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State Bank of Pakistan

Remittances grow by 11.3% to $15.8bn in 1st half

The workers remittances grew by 11.3 percent during the first half of the current fiscal year as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported Friday. The workers remittances during July-December 2021-22 were recorded at $15.8 billion, according to figures released by SBP. Meanwhile, with $2.5 billion of inflows during December 2021, workers’ remittances...

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Food

Kitchen items’ prices ease as SPI goes down 0.43 percent

The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 13, for the combined consumption group, witnessed decrease of 0.43 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported Friday. According to  APP The SPI for the week under review in the above mentioned group was recorded at 167.39 points against 168.12...

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exchange rates

Foreign exchange rates

The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Friday. CONVERSION RATES FOR 14TH JANUARY 2022 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE JANUARY 19, 2022 USD 176.3617 GBP 242.0388 EUR 202.1281 JPY 1.5412

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World Bank

COVID-19 variants and rising debt threaten global economic growth: World Bank

Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, according to the World Bank’s latest report. While economic growth experienced a strong rebound in 2021, it is expected to decline markedly from 5.5 per cent last year to 4.1 per cent in 2022,...

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Reza Baqir

Basic economic indicators of country kept under control even in times of pandemic : Reza Baqir

Governor State Bank Reza Baqir has said that basic economic indicators of the country were kept under control even in the times of pandemic. Addressing a ceremony in Karachi on Wednesday, he said that all segments of the society were compensated during the pandemic, Ehsaas Cash Programme was initiated to help the worker class and loans to business and trade...

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Wheat

Wheat stocks of over 4.336 mln tons available to cater domestic consumption

Abundant wheat stocks of 4.336 million tons are available to cater domestic requirement, besides maintaining smooth demand, supply in local markets and ensure provision of flour and other by-products on sustainable rates across the country. Domestic wheat stocks during first week of last year (2021) were recorded at about 3.188 million tons with carry forward stocks of 731,033 metric tons,...

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exchange rates

Foreign exchange rates

The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday. CONVERSION RATES FOR 10TH JANUARY 2022 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE JANUARY 12, 2022 USD 176.6485 GBP 239.0408 EUR 199.7011 JPY 1.5244

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Finance Ministry

IMF requested to reschedule 6th review till January end: Finance Ministry

The Finance Division has officially requested the International Monetary Fund (IMF) to reschedule the meeting of its Board of Directors for the approval of 6th review till end January. According to press statement issued by the Finance Ministry here Monday, the government had introduced bills in the National Assembly whereas IMF had moved the 6th tranche recommendation to its board...

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Shaukat Tarin

Pakistan stock market claims highest profit in 10 years with aggregate profit of Rs258b: Tarin

Finance Minister Shaukat Tarin says Pakistan stock market has claimed highest profit in ten years with aggregate profit of 258 billion rupees. He said this in tweet on Friday. Rs258 bn aggregate profits: Pakistan stock market claims highest profit in 10 years pic.twitter.com/qE2iqnKs5y — Shaukat Tarin (@shaukat_tarin) January 7, 2022 Tax collection system being automated to increase the revenue: Tarin...

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Abdul Razak Dawood

Pakistan exports to CARs increase by US $ 145 mln: Razak Dawood

Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday said Pakistan exports to Central Asian Republics (CARs) countries increased to USD $ 145 million in 2020-21 from USD $ 104 million in 2019-20. For six months, from July-December 2021, these exports were increased by 173 percent to USD$ 134 million from USD 49 million during same...

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statistics house

Price of tomatoes, flour, eggs, other food items go down

The prices of various food items went down during the week ending on January 6 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday. According to the data, the food commodities that witnessed decrease in prices on Week-on-Week (WoW) basis included tomatoes and chillies, the prices...

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IMF

IMF to approve new tranche after completion of all required actions: Finance Ministry

The government says International Monetary Fund Board will approve the new tranche for Pakistan, once all required actions are completed. A statement issued by Finance Ministry said the IMF has moved the 6th tranche recommendation to its Board for consideration on 12th of this month. It said the government is pushing hard for completion of the required actions and has...

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