Pakistan’s IT services export to increase by $892.972 million
Pakistan earned US $892.972 million by providing different Information Technology (IT) services to various countries during the first four months of the current fiscal year 2023-24.
Mehfooz
Rising Trend of Digital Payment in Pakistan’s Retail Landscape
Quarterly Payment Systems Report for the quarter Q1 of FY-2023-24 is released by the State Bank of Pakistan, highlighting key advancements within the country’s payment ecosystem and providing an inclusive overview of digital transactional activities.
Editor
FBR collection over Rs.1 trillion gross revenue in a month
Federal Board of Revenue has created history by collecting Rs.1021 Billion in December 2023 and after adjusting refunds of Rs.38 billion issued during the month, reached net collection of Rs.984 billion.
Adil Aziz
Banks to remain open on Saturday, Sunday for tax collection
The State Bank of Pakistan directed all banks to keep their branches open on Saturday and Sunday for collection of taxes, duties and other government receipts.
SBP releases annual report of 2022-23
The fiscal year 2023 was extraordinarily challenging, with a host of external and domestic shocks, amplified by lingering structural weaknesses, contributing to persistently high inflation amid a contraction in economic activities, according to Governor’s Annual Report (GAR) for fiscal year 2022- 23 released by the State Bank of Pakistan (SBP) today.
Pakistan exported $145 Million of plastic material
The export of plastic materials from the country witnessed an increase of 33.76 percent during the first five months of the current FY 2023-24.
2023 year is declared worst year for the dollar
The US dollar is poised for its worst year since the onset of the pandemic as Wall Street bets the Federal Reserve is set to lower interest-rates after safely reining in prices.
Pakistan’s foreign reserves touch by $ 12.855 Billion
The total liquid foreign reserves of Pakistan increased to US$ 12,855.7 million while the reserves held by the central bank reached at $ 7,757.1 million in the week ended on December 22, 2023.
Shipping Companies resuming operations to transit through Suez Canal
France based CMA CGM is increasing the number of vessels travelling through the Suez Canal, it said on Tuesday, joining Maersk in returning to the area after US-led efforts to prevent attacks.
Foods exports surge by 37.12% to $2.64 Billion
The food exports from Pakistan increased by 37.12 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics reported.