Category archives for: Business

Pakistan gold imports shows 31.87% increase in seven months

The imports gold during first seven months of current fiscal year surged by 31.87 percent as against the same period of last year, official statistics say. The Pakistan Bureau of Statistics (PBS) in its data said Tuesday that the yellow metal weighing 2,282 kilogram worth of $123.382 million was imported during the period under review […]

Fish, meat exports post 3.43%, 41.49% increase in seven months

Fish and fish preparations exports from the country during the last seven months of current financial year (FY) recorded growth of 3.43 percent as compared to the same period of last FY.   During the period from July-January, 2012-13 country earned US$ 180.20 million by exporting about 81,324 metric tons of fish and fish products which  was […]

Pakistan exports to Malaysia grow by 6.15pc

Pakistan’s exports to Malaysia have risen by 6.15 per cent according to trade figures available for the period January-October 2012.   Quoting statistics from January till October 2012, the statement says Pakistan has exported goods worth US$232.81 million to Malaysia, registering a growth of 6.15 per cent or US$13.48 million over the US$219.33 million exports […]

Trade deficit narrows by 12 percent, exports up 7.24 percent

Pakistan’s trade deficit has decreased by 12.05 percent during the first seven months of the current fiscal year following 7.24 percent increase in exports while imports witnessed negative growth of 2.44 percent, official statistics say. The overall exports increased from $13.118 billion in July December 2011-12 to US$14.068 billion during July-December (2012-13), the data released […]

Pakistan’s debt reaches all time high level

Pakistan’s debt and liabilities have risen to 68 percent of the total size of economy or 15.2 trillion Pakistani rupees, a level which is all time high, according to data released by State Bank of Pakistan (SBP).   According to SBP, the increase in the debt burden is mainly the result of a federal budget […]

IMF refuses to write off or restructure Pakistan’s loans

International Monitory Fund (IMF) mission in Pakistan chief Jeffrey Frank said the IMF cannot write off or restructure Pakistan’s loan.   While speaking to the media, Frank said Pakistan has not formally sought a new program, adding that if they did want to seek a new program their economic strategy must radically change as losses […]

Supreme Court’s decision: Karachi Stock Exchange crashes

The stocks at Karachi Stock Exchange (KSE) took a nosedive Tuesday and fell by three percent after the Supreme Court ordered the arrest of the prime minister over possible corruption charges.   The Karachi Stock Exchange’s (KSE) benchmark100-share index ended 3.16 percent, or 525.29 points, lower at 16,107.89.   Investors, who were already trading cautiously […]

Thailand to ink Free Trade Agreement with Pakistan

Thailand intends to sign a Free Trade Agreement (FTA) with Pakistan to further promote bilateral trade and economic relations, Foreign Minister of Thailand Surapong Tovichakchaikul said in Islamabad on Thursday.   In a meeting with Pakistan Prime Minister, Raja Pervez Asharf, he said Thailand is committed to further enhance the trade and bilateral relations with […]

Wasim Akram’s autograph now on Rs.150 Ufone scratch cards

Islamabad – January 3rd, 2013: In continuation to the tradition of being the first to launch the most affordable offers, packages and advanced services, Ufone one of the leading telecom companies in the country is once again the first to introduce Rs.150 scratch card in Pakistan, the exciting part is that each card comes with one […]

Good news: South Korea to modernize Pakistan railways

  South Korea will modernize Pakistan Railways under an agreement signed in Seoul on Tuesday during the visit of President Asif Ali Zardari, state media reported.   The Ministry of Land, Transport and Maritime Affairs and the Pakistan Railways signed a Memorandum of Understanding (MoU).   Pakistan will seek high speed railways, communication systems, signalling, […]

UAE to achieve 64 per cent of its GDP through non-oil sectors

ABU DHABI, Nov 28 (APP): The United Arab Emirates is aiming to achieve 64 per cent of its Gross Domestic Product (GDP) by supporting non-oil sectors of its economy by 2030 as it cannot depend on the single source of oil in an ever changing world, said Under Secretary of the UAE Department of Economic […]

MCB adopts new technology

By adopting Microsoft collaboration and business productivity platform the MCB Bank has enhanced the efficiency of its staff to provide services to its customers by 30 percent and maintain its technological edge in banking sector.   MCB Bank has opted for Microsoft Exchange Server, Microsoft Active Directory, Microsoft Office and Microsoft System Center Configuration Manager […]

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