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Remittances from overseas Pakistani workers soared by nearly 40 per cent year-on-year in February 2025, reaching $3.12 billion, according to State Bank of Pakistan (SBP) data released on Monday. Compared to January 2025, remittance inflows increased by 3.8pc, providing much-needed financial support to the economy, government reserves and liquidity for importers. For the first eight months of

Despite some benchmark slippages, better-than-expected smooth talks with the visiting International Monetary Fund (IMF) mission for the release of the second tranche of $1.1 billion enthused positive vibes among equity investors about the economic outlook, aiding the benchmark index maintain a bullish performance in the outgoing week. Despite early volatility, the market turned bullish on repor

Iqbal Hussain was among many hoping for significant relief in commodity prices this Ramazan, especially after a sharp decline in the country’s inflation rate. The annual inflation, which soared to a record high of 38 per cent in May 2023, dropped to a near-decade low of 1.5pc in February, according to official data released this week. However, despite the dramatic decline, the prices of esse

Federal Minister for IT & Telecom Shaza Fatima Khawaja said on Saturday that Pakistan was not just bridging the gender gap in technology but also redefining the future of women in digital economy. Addressing a webinar, “HERstory: Google IWD 2025”, hosted by Google Pakistan to celebrate International Women’s Day, the minister said young women have consistently excelled on merit, ranking among th

The value-added textile and clothing sector has asked the government to lower tax rates to boost export competitiveness. This demand was part of a string of proposals submitted to the finance ministry by the Pakistan Textile Exporter Association (PTEA) for incorporation in the budget 2025-26. The value-added manufacturers urged the government to remove the double taxation on the export secto