18.2 C
Islamabad, Pakistan
Tuesday, December 7, 2021
ISLAMABAD, Dec 02 (INP-WealthPK): Though all indicators show that the economy is going to achieve the growth target for the current financial year, rising international commodity prices, widening of the current account deficit and pressure on the rupee are the causes for concern. “The second estimates of the cotton crop along with the latest performance of high frequency variables are...

PSX Ends Week in Green Zone

By Hamid Mahmood ISLAMABAD, December 01 (INP-WealthPK): The bulls won the battle with bears in the last trading hour of the week. Last week's trading activity was chaotic and bleak, with a negative shift of 2,375 points, or 5.38 percent, on a week-to-week basis. This is the largest weekly decrease since March 2020, when the KSE-100 index dropped from 46,489.41...
ISLAMABAD, Nov 30 (INP-WealthPK): The business community believes that the 150 basis points increase in the interest rate will hurt the economic growth and mar investment in the country. “The government is urged to review the State Bank of Pakistan’s decision to massively hike the policy rate from 7.5% to 8.75% in one go,” says Nadeem Rauf, the president of...
ISLAMABAD, Nov 30 (INP-WealthPK): The government should take steps to expand the cultivation areas of Basmati rice with a view to further increasing its exports. “Immediate measures should be taken to streamline the rice sector. The government should ensure provision of rice harvesters to the growers at subsidised rates,” demands Ali Hussam Asghar, chairman of Rice Exporters Association of Pakistan...
ISLAMABAD, Nov 30 (INP-WealthPK): By unlocking digital potential Pakistan can accumulate a whopping Rs9.7 trillion ($9.7 billion) in annual value by 2030, enabling it to address the long-term implications of the Covid-19 pandemic and gain a sustained economic resilience. The digital transformation can potentially benefit the sectors of agriculture and food; consumer, retail and hospitality; and education and training. These projections...
ISLAMABAD, Nov 30 (INP-WealthPK): The World Wide Fund for Nature-Pakistan (WWF-P) will help the country restore 50,000 acres of degraded forest lands at a cost of Rs600 million under a forest restoration initiative. The joint initiative will be launched under a memorandum of understanding signed by the WWF-P, Engro Foundation and the Ministry of Climate Change. Commenting on the forest restoration...
By Qudsia Bano ISLAMABAD, Nov 25 (INP-WealthPK): The Protocol for Inspection and Quarantine Requirements (PIQR) for onion export is expected to open up new markets for Pakistani goods in China as it will raise awareness among Pakistani onion growers regarding quarantine and phytosanitary compliance. The signing of the memorandum of understanding between the two countries came about after Mr. Nong Rong...

PSX Ends Week on Positive Note

By Hamid Mahmood ISLAMABAD, November 24 (INP-WealthPK): The market started the last week on a low note due to uncertainties regarding IMF (International Monetary Fund) disbursements and rising inflationary pressure, but regained pace after the government agreed to pay Rs190 billion to IPPs (independent power producers), and gasoline prices remained steady. The Pakistan Stock Exchange (PSX) ended the week with a...
ISLAMABAD, Nov 24 (INP-WealthPK): Pakistan posted a growth of 42% in terms of extending information technology services to various countries, earning $635 million during the first three months (July-September) of the financial year 2021-22 compared to the $445 million earned during the first quarter of fiscal year 2020-21. Exports of computer services registered a growth of 40% to reach over...
By Raza Khan ISLAMABAD, Nov 24 (INP-WealthPK): The Government of Pakistan is mulling to tap potential in meat and agricultural products to further boost the country’s export to China. Dr Kausar Abbas Zaidi, Director General (Agro Products, Services) of the Ministry of Commerce, told INP-WealthPK that the government was in the process of negotiations with concerned Chinese authorities to allow exports...

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