Construction activities appear to have revived following a 37 per cent jump in domestic sales to 6.573 million tonnes during the first two months (July-August) 2023-24 from 4.8m tonnes in the same period last year. Export despatches also swelled by 117.13pc to 1.175m tonnes during 2MFY24 from 540,957 tonnes during the same period last year. As a result, total cement despatches (domestic and
Exporters fear more declines as the textile sector, which accounts for over 60 per cent of the country’s overall export earnings, is not getting fresh orders while India is aggressively lobbying for GSP+ status which could replace Pakistan in the European market. “We are not getting new orders for exports. We are working on orders in the pipeline which means the coming months will see a sharp d
The interbank market remained relatively calm on Monday while the open market witnessed some wild fluctuations during the session. The dollar gained 17 paise to close at Rs305.64 compared to Rs305.47 the previous day, reported the State Bank of Pakistan. The news about the $70bn possible foreign investments in Pakistan was listened to interestingly by the market and the currency dealers said
Amid countrywide protests over high electricity prices, the Power Division has virtually bombarded the power regulator with three separate sets of quarterly adjustments for K-Electric to clear the backlog for uniformity with consumers of ex-Wapda Distribution Companies (Discos), for simultaneous and overlapping application of 47 paise, Rs1.49-Rs4.45 and Rs3.55 per unit additional charges. The p
Equity investors are closely watching the upcoming State Bank of Pakistan’s Monetary Policy Committee (MPC) meeting on Sept 14, anticipating a 200 basis points hike in key interest rates and its potential impact on inflation and economic stability. Simultaneously, all eyes are on an impending visit by a Saudi Arabian delegation, poised to unveil investment plans in Pakistan’s mineral, mining, a