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BUSINESS
Trade with Kabul in local currency, rising import bill cost Pakistan over $ 2 billion extra per…
ISLAMABAD: July 29, 2022. Forex Dealers Association of Pakistan (FDAP) chairman, Malik Bostan Khan has said Pakistan is taking hit of $ over 2 billion in imports every month due to rising trend in the prices of petroleum products in global…
Women inclusion in development must for Pakistan . FPCCI chief says
ISLAMABAD .July, 28 2022.Mr. Irfan Iqbal Sheikh President, Federation of Pakistan Chambers of Commerce and Industries FPCCI assured to the women delegation of Rawalpindi women's chamber for full cooperation when and where required and also…
Workers’ remittances set new record in June
KARACHI!: The State Bank of Pakistan (SBP) data shows the workers remittances rose to $2.76 billion in June last, indicating an increase by 18.4 percent on m/m basis and 1.7 percent on y/y basis.
It said remittances were mainly sourced…
Pakistan’s imports surge to $ 72 billion in 2021-22
KARACHI : July 27, 2022. The State Bank of Pakistan (SBP) released the report of financial year 2021-22 on Wednesday which suggested huge jump in its import of petroleum products in the fiscal year ending on June 30, 2022.
According to…
High Commissioner highlights areas to enhance trade between Bangladesh, Pakistan
Islamabad. (July 26, 2022).Bangladesh's High Commissioner to Pakistan, Ruhul Alam Siddique, called on Mr. Irfan Iqbal Sheikh, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) , and Mirza Abdul Rehman, Chairman…
SCO secretary general visits FPCCI capital office
ISLAMABAD ; Secretary General of Shanghai Cooperation Organization (SCO) H.E. Zhang Ming visited FPCCI Capital Office, Islamabad. The SCO Secretary-General called on Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce…
Business community demands locking of dollar rate to avoid economic meltdown
. ISLAMABAD : July 24, 2022: Mian Akram Farid, Chief of Employers Federation of Pakistan, Islamabad Chapter, has called upon the government to take emergency measures to control the economic situation of the country.
Addressing a meeting…
SDPI proposes National Economic Security Council to steer country out of crisis
ISLAMABAD, July 22, 2022: Amid the growing economic complexities, the Sustainable Development Policy Institute (SDPI), a leading think tank, has proposed to form a National Economic Security Council on the lines of the National Security…
Panic in currency market, rupee crashes down to an alarming level
KARACHI. July 19, 2022 . Panic has worked in currency market to hit Pak rupee below the belt as local currency lost major value of Rs 5.81 against a US dollar in inter-day trading in first half of the day on Tuesday . With loss of such…
SBP jacks up policy rate by 125 basis points to take interest rate to 15 percent
KARACHI ( July 7, 2022). As was expected the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday decided to raise the policy rate by 125 basis points to 15 percent. In addition, as foreshadowed in the last…
