A team of the World Bank led by its Country Director Njay Benhassine called on Caretaker Minister for Planning Development and Special Initiatives Muhammad Sami Saeed in Islamabad on Monday.Talking to them, the Planning Minister said that the governmen…
Oil Prices Hit 10-Month High As Market Tightens
Oil prices continued their upward surge on Monday as they inched towards $95 a barrel over increased demand and supply cuts from Saudi Arabia and Russia.Brent Crude, the international benchmark, was above the $94 a barrel mark while WTI Crude prices w…
SBP Aims To Empower 500,000 Farmers With Financial Literacy
The State Bank of Pakistan (SBP) Banking Services Corporation (SBP-BSC) has launched the Agriculture Finance Literacy Program (AFLP) through a series of five workshops conducted nationwide aiming to integrate 500,000 farmers in the crop sector, livest…
MCB Bank to Establish Exchange Company
The Board of Directors of MCB Bank Limited (PSX: MCB) has approved the establishment of an exchange company with Rs. 1 billion as initial paid-up capital, the commercial bank informed the Pakistan Stock Exchange on Monday.According to a stock filing, …
Cotton Arrivals Near 4 Million Bales, Up 29% In 2 Weeks
Pakistan’s Cotton arrivals have seen a remarkable 29.3 percent increase as of September 15 compared to August 31, according to data released by the Pakistan Cotton Ginner’s Association (PCGA).The total cotton arrival now stands at 3.933 million bales,…
Price of Petrol Has Increased by Rs. 116 Per Liter in 2023 So Far
The price of petrol in Pakistan has soared by over Rs. 116 per liter since the start of the current year.At the start of the year, the price of petrol stood at Rs 214.80 per liter which has now risen to Rs. 331.38 per liter, an increase of Rs. 116.58.T…
Pakistan Imported Mobile Phones Worth Rs. 33 Billion in August
Pakistan’s mobile phone imports crossed Rs. 32.7 billion in August 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).According to PBS data, the imports in August 2023 were 71 percent higher than imports of Rs. 19.1 …
Govt Increases Profit Rates on Naya Pakistan Certificates By Up to 6%
The federal government has decided to enhance the profit rates of Naya Pakistan Certificates (NPCs) by up to 6 percent on different holding periods.The profit rates on the certificate have been revised upwards between 15 percent to as high as 21 percen…