EXIM bank to help boost exports: Carpet Manufacturers
Pakistan Carpet Manufacturers and Exporters Association has welcomed the establishment of country’s first Export-Import EXIM Bank and expressed the hope that bank will help increase exports and get access to new international markets.
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Majid Al Futtaim Expands its Investment in Pakistan to Rs 14 Billion With Two New Carrefour Supermarkets
Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Pakistan, announced the inauguration of two new Carrefour supermarkets in Lahore, as part of Majid Al Futtaim’s vision to expand its investment and retail footprint in the country. With this expansion, Majid Al Futtaim’s current investment in Pakistan is set to grow to 14 billion Rupees, bringing the total number of stores in the country to 13.
Rupee gains 26 paisa against Dollar
Pakistani Rupee on Friday witnessed the 9th consecutive recovery session as it gained 26 Paisa against the US Dollar in the Interbank trading and closed at Rs.282.52 against the previous day’s closing of Rs.282.78.
Pathways to Development Conference’ at LUMS Inspires Dialogue on Inequalities and Social Justice
The second ‘Pathways to Development Conference’, held at LUMS from December 18 to 20, saw prominent academics, researchers, practitioners, and policymakers from within Pakistan, the Pakistani diaspora, as well as others working on Pakistan and the region gathered at LUMS to discuss issues vital to inequalities and social justice in the country.
State Bank reserves decreased by $ 136 million to $ 6,904.8 million
The total liquid foreign reserves of Pakistan stood at US$ 12,068.4 million while the reserves held by the central bank reached $ 6,904.8 million in the week ended on December 15, 2023.
Sehat Kahani first all-female led company from Pakistan to raise a 2.7 million $ Series-A funding
Sehat Kahani, a trailblazing female-led health-tech startup,has successfully closed a historic Series A 2.7 million dollars funding round.This landmark positions Sehat Kahani as the first all- female-led company in Pakistan to secure Series A funding.
State Bank declared public holiday on Dec 25
The State Bank of Pakistan, announced public holiday on December 25 on the occasion of Quaid-e-Azam Day and Christmas.
Pakistan’s regional exports to seven countries increase by 16.29%
Pakistan’s exports to the seven regional countries witnessed an increase of 16.29 per cent in the first five months of the financial year 2023-24.
Shipping lines Insurance cost soar to Red Sea transit, after attacks on Cargo Ships
THE cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway.
Pakistan exports first shipment of dried Chillies to China
Minister of Commerce and Industries Dr Gohar Ejaz, announced a significant breakthrough in Pakistan’s agricultural exports to China with the inaugural shipment of dried chillies.