The country exported sports goods worth US$ 61.982 million during July-August (2024-25) as opposed to the export of US$ 59.442 million during July-August (2023-24), showing growth of 4.27 percent, according to the data released by the Pakistan Bureau of Statistics (PBS). Among the sports products, the exports of footballs rose by 8.35 percent, surging from […]
The crackdown launched by the Pakistani government and military leadership’s measures to restore the country’s economy is now showing positive results. According to the details, Rs119.79 billion have been recovered from individuals involved in the electricity theft crackdown while 85,572 electricity thieves were arrested since the crackdown began. The relevant institutions collected over one billion […]
Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S. West Texas Intermediate crude futures were up 8 cents, or 0.11%, to $73.79 a barrel. Both benchmarks were on track for weekly gains of about 8%. President Joe Biden said on Thursday the US was discussing strikes […]
The recall covers more than 27,000 Cybertrucks, Tesla said in a report filed with the U.S. National Highway Traffic Safety Administration. The Cybertruck’s system in the affected vehicles may not complete a shutdown process before it is commanded to boot up, resulting in a delay in displaying the rear-view image, Tesla said. The image may […]
Heavy monsoon rains from June to September have resulted in nearly 350 fatalities and hundreds of injuries in Pakistan, particularly in the K-P and Punjab provinces. The K-P Rural Roads Development Project will utilize the approved funds to upgrade approximately 900 kilometers of flood-affected rural roads. The Special Investment Facilitation Council (SIFC) will oversee the […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.50 and Rs 280 respectively. The price of the Euro decreased by Rs1.32 to close at Rs 307.31 against the last day’s closing of Rs 308.63, according to the State Bank […]
In a recent interview with a private channel, Aurangzeb said that the incumbent government will complete the privatization of the national carrier along with three power distribution companies (Discos) before 2024 culminates. The privatization of PIA, initially set to conclude by October 1, has been postponed to October 31 due to low bidder interest, ongoing […]
Exports during July-September (2024-25) were recorded at $7.875 billion against $6.901 billion during July-September (2023-24), according to PBS data. On the other hand, imports into the country also went up by 9.86 percent growing from $12.115 million last year to $13.310 million during the first three months of the current year. Based on the figures, […]
As per sources, the finance ministry has decided not to proceed with borrowing from a commercial bank at an 11% interest rate. Prime Minister Shehbaz Sharif reportedly directed the finance minister to avoid taking expensive loans. Although an agreement had been made with commercial banks for a loan at 11% interest, the government has now […]
Brent crude – a key benchmark for oil prices internationally – rose more than 1% to $74.40 a barrel. During trading on Tuesday, it jumped more than 5%. According to the US Energy Information Administration, Iran is the seventh-largest oil producer in the world and the third-largest member of the OPEC oil producers’ cartel. Traders […]
