Deputy Prime Minister Ishaq Dar has emphasised the need to establish state-of-the-art textile parks through partnerships with international and domestic investors to boost exports and create jobs. Chairing a meeting of the Working Group for the Establishment of Textile Parks in Pakistan on Monday, Mr Dar observed that these parks would help drive export-led industrialisation in the country.
The prices of high-speed diesel (HSD), petrol and kerosene are estimated to increase by up to Rs6 per litre on Wednesday for the next fortnight due to higher international prices. Informed sources said the ex-depot petrol price was estimated to go up by Rs5-6 per litre depending on the final calculation on Jan 15. Kerosene and diesel prices are expected to rise by about Rs3 and 2 per litre, res
Financial inclusion, i.e the share of the adult population operating a bank account, has jumped from 16 per cent in 2015 to 64pc in 2023, according to the State Bank of Pakistan (SBP). Since 2015, SBP has implemented two National Financial Inclusion strategies (NFIS), 2015-18 and 2019-23, with the goal to improve access and usage of formal financial services by the masses. In the NFIS report
Bears further tightened their grip on the Pakistan Stock Exchange (PSX) as equity prices fell like ninepins for the fourth successive session on Thursday, dragging the KSE-100 index below the 113,000 level as nervous investors continued offloading their holdings amid growing political and economic tensions. Ahsan Mehanti of Arif Habib Corporation said selling pressure was witnessed across the b
The foreign exchange reserves of the State Bank of Pakistan (SBP) decreased by $15 million to $11.69bn during the week ended on Jan 3, reported the central bank on Thursday. The SBP reserves have been declining for the last three weeks. The country’s total reserves were $16.377bn, including $4.682bn held by commercial banks.