Phutti arrivals at ginning factories kept a promising trend for the third consecutive fortnight, strengthening hopes for harvesting over six million bales this season. Cotton production during the last three fortnights remained 22 per cent higher than last season’s. However, the total arrivals touched 4.894m bales till Nov 15, which is 34pc less year-on-year, according to the data released by t
Exports of raw food items surged 21.73 per cent to $2.36 billion in July-October from $1.94bn in the corresponding period last year, according to data compiled by the Pakistan Bureau of Statistics. In FY24, the raw food exports touched $8bn, up from $5.8bn in the preceding year. As a result, consumers nationwide are paying higher prices for food items because of supply and demand gaps. Raw f
Prime Minister Shehbaz Sharif on Monday directed the authorities concerned to expedite action against tax defaulters and evaders as well as their facilitators. “Accelerate actions against tax defaulters and bring the tax evaders and their facilitators to book,” the prime minister said while receiving a briefing from the finance ministry regarding the country’s economy and the recent meeting wit
Pakistan's stock market on Thursday enjoyed a highly positive activity, during which the KSE-100 index touched an all-time high of 94,290 points in intra-day trading. According to analysts, the interest of investors could be attributed to the growing economic optimism, fuelled by reports that the International Monetary Fund (IMF) had no concerns about Pakistan's revenue collection targets. As a
The Pakistani Rupee (PKR) has continued its appreciateion gaining 10.99 paisa, or 0.04%, against the US Dollar during Thursday’s interbank session. In the open market, exchange companies quoted the US Dollar at Rs277.02 for buying and Rs278.80 for selling. Against the Euro, the Ruppee rose by Rs1.53, or 0.52%, closing at Rs293.07 compared to the previous rate of Rs294.60. This upward tren