31 C
Islamabad, Pakistan
Tuesday, August 9, 2022
Raza Khan ISLAMABAD, August 05 (INP-WealthPK): Pakistan’s trade volume with Australia was $658 million in the Fiscal Year 2021-22, slightly increasing by 1.07% against $651 million in the Fiscal Year 2020-21, reports WealthPK. Exports to Australia rose by 12.26% to $302 million during the Fiscal Year 2021-22 from $269 million in the preceding year (2020-21). Imports from Australia declined by 6.80% to...
By Ayesha Mudassar ISLAMABAD, August 05 (INP-WealthPk): Pakistan earned $19.32 billion from textile and apparel exports in the Fiscal Year 2021-22 compared to $15.39 billion in the Fiscal Year 2020-2021, reports WealthPK quoting the Pakistan Bureau of Statistics (PBS) data. Yaseen, General Manager at the MTM Masood Textile Mills, told WealthPk that Pakistan’s textile industry had the potential to generate higher...
By Qudsia Bano ISLAMABAD, Aug 05 (INP-WealthPK): Pak Gulf Leasing Company’s income from financing operations climbed 34% to Rs61 million in the third quarter of fiscal year 2021-22 compared to Rs45.5 million during the corresponding period of fiscal 2020-21. Similarly, the operating income registered a growth of 33% to Rs65 million during the third quarter of FY22, up from Rs48.9 million...
By Arsalan Ali ISLAMABAD, Aug 08 (INP-WealthPK): Pakistan’s exports to Malaysia and Singapore surged markedly by 83% and 104% respectively during the Fiscal Year 2021-22 compared to the previous fiscal year, reports WealthPK. Exports to Malaysia reached $432.695 million during the FY2021-22 compared to $236.172 million in FY21, according to the provisional data shared by the State Bank of Pakistan. Pakistan-Malaysia Trade...
By Syed Marwan Shah ISLAMABAD, Aug 05 (INP-WealthPK): The newly-established Dera Ismail Khan Economic Zone has so far attracted an investment of Rs400 million with a few industrial units having been set up there. Ayat Ghee & Cooking Oil Mills, Chasma Plastic and Packages, and Makkha Chemicals DAP/Fertilizers are among the newly-established units in the economic zone. The commercial production of these...
By Irfan Ahmed ISLAMABAD, Aug 05 (INP-WealthPK): The consumer price index (CPI), a wide-ranging measure of goods and services prices, increased by 24.9% in July 2022 compared to the corresponding month of the last year, reported WealthPK. According to the Pakistan Bureau of Statistics (PBS), inflation remained high for the month of July 2022, and headline inflation was at 24.9% on...
By Jawad Ahmed ISLAMABAD, Aug 05 (INP-WealthPK): The sales of Hinopak Motors Limited increased by 26.8% to Rs2.98 billion in the first quarter (April-June) of financial year 2022-23 compared to Rs2.35 billion in the same period of 2021-22, reports WealthPK. It is to mention here that the Hinopak Motors financial year starts on April 1 and ends on March 31. The company,...
By Aitizaz Hassan ISLAMABAD, Aug 05 (INP-WealthPK): The Higher Education Commission (HEC) has initiated Digital Learning and Skills Enrichment Initiative (DLSEI) which intends to provide opportunity to students and faculty members of higher education institutions (HEIs) to secure certifications from world-renowned universities, which will enhance their learning capabilities and skills for professional development. The HEC spokesperson Dr. Ayesha Ikram told WealthPK...
By Arsalan Ali ISLAMABAD, August 05 (INP-WealthPK): Pakistan’s exports to Sri Lanka posted a growth of 38% to $373.412 million during FY2021-22 compared to $269.168 million in FY2020-21, reports WealthPK. During FY22, trade was in Pakistan’s favor, and had a surplus of $291.684 million with Sri Lanka, while it was recorded as $184.066 million in FY21, according to the provisional data...
By Karim Madad ISLAMABAD Aug 05 (INP-WealthPK): Total foreign investment during the financial year 2021-22 stood at $17.889 billion compared to $4.582 billion investment achieved in FY 2020-21, the latest report released by the Ministry of Finance said. According to the Monthly Economic Update and Outlook, July 2022, the portfolio public investment during FY21 stood at $2.555 billion, while the interment...

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