Exports increase by 40 percent to Rs1.605 trillion Q1
The exports from the country in rupee term witnessed an increase of 39.99 per cent during the first Quarter (Q1) of the current fiscal year (2022-23) as compared to the corresponding period of last year. The exports during July-September (2022-23) were recorded at Rs. 1,605,826 million against the exports of Rs. 1,147,073 million in July-September…
Adil Aziz
Default averted but at a very high political cost: Dar
If there is choice between State or politics, the priority should be the state and not the politics. the finance minister said while addressing the All Pakistan Chartered Accountants Conference 2022 Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar once again gave a clear message on Wednesday that there was no question of Pakistan going…
Karandaaz, MOPASS join hands to advance financial inclusion
Karandaaz Wednesday signed a Memorandum of Understanding (MoU) with Ministry of Poverty Alleviation and Social Safety (MOPASS) to advance financial inclusion in Pakistan. The MOU signing ceremony took place at MOPASS here and was chaired by Secretary MOPASS, Dr. Muhammad Fakhre Alam Irfan, CEO Karandaaz, Waqas ul Hasan, and Senior Program Officer Gates Foundation, Syed…
Food exports surge by 5.70% in Q1 FY 23
Food group exports from the country witnessed an increase of 5.70 percent during the first quarter of the current fiscal year (2022-23) as compared to the corresponding period of last year. The exports of various food commodities were recorded at $1,077.834 million during July-September (2022-23) as compared to the exports of $1,019.676 million in July-September…
Big industry grows by 0.6 percent in August
The production of Large-Scale Manufacturing Industries (LSMI) witnessed a growth of 0.6 percent on year-on-year (YoU) basis during the month of August 2022 compared to the same month of last year. The LSMI index went up from 114.1 points in August 2021 to 114.8 points in August 2022. On month-on-month basis (MoM), the industry grew…
MMBL partners with TPS to boost its Business Agility and Digital Readiness
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a strategic partnership with renowned global banking solution provider, TPS for the induction of its ground-breaking and all-encompassing digital banking suite to boost business agility and digital readiness. Through this partnership, MMBL is dedicated to transforming its digital payments infrastructure while increasing its efforts…
PSX turns around to bullish trend, gains 83 points
The 100-index of the Pakistan Stock Exchange (PSX) turn around to bullish trend on Tuesday, gaining 83.82 points, a positive change of 0.20 percent, closing at 41,839.27 against 41,755.45 points on the last working day. A total of 190,311,688 shares were traded during the day compared to 144,312,641 shares the previous day, whereas the price…
Textile exports increase by 3.68% to $4.58 billion in Q1
On year-on-year basis, the textile goods’ exports increased by 2.68 percent in September 2022 to $1,527.071 million against exports of $1,487.144 million in September 2021 he exports of textile goods increased by 3.68 percent during the first Quarter (Q1) of the current fiscal year as compared to the corresponding period of last year. The textile…
Housing Ministry demands Rs 9,179 million for year 2022-23
Ministry of Housing and Works has demanded the grant of a sum of Rs 9,179 million to meet the requirements of the ministry and attached departments for the current fiscal year 2022-23. However, Finance Division has allocated a sum of Rs5,915 million as per the austerity measures for the current financial which was conveyed to…
Sarsabz Pakistan mobile app claims fastest growth within the agri-sector
Being near to completing one year since its launch, the ‘Sarsabz Pakistan’ mobile app has garnered immense popularity and attention amongst the Pakistani farmers’ community. The app recently marked a record number of more than one hundred thousand downloads in a short time span of ten months, making it the country’s fastest-growing mobile app within…