Islamabad: All Pakistan Textile Mills Association has warned that the country's textile sector is close to default, so far 7 million people have become unemployed. According to the details, All Pakistan Textile Mills Association has written a letter to Governor State Bank, expressing serious ...

Pakistan has lost around Rs. 100 billion due to the total blackout across the country on Monday as the government failed to restore power supply to factories. Former chairman Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees told a national daily that Pakistan has recorded an ...

ISLAMABAD - Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood Friday informed the Senate that an agreement has been signed with Iran to construct markets at border to facilitate the traders of the area. Speaking during Question Hour in the House, the adviser said ...

ISLAMABAD- Pakistan’s textile exports are likely to increase considerably, by nearly $16.5 billion, during the fiscal year 2020-21 (FY21), making a total export value of $27 billion in the same financial year. The July-March figures showed that growth in textile and clothing exports came from ...

The State Bank of Pakistan (SBP) has announced that the current account deficit has decreased to $229 million from US$652 million last month. The SBP Tweeted, “In January 2021, current account deficit reduced to $229mn from $652mn last month. For the first 7 months of FY21, the current account ...

Prime Minister Imran Khan has summoned an important meeting of federal ministers and party spokespersons to issue guidelines on tackling opposition’s anti-government movement. According to the reports, the meeting will review country’s political and economic situation while government’s ...

LAHORE - Advisor to Prime Minister on Commerce & Investment Abdul Razak Dawood link has said that regulatory duty and additional duty will be abolished on raw materials not produced locally. He was talking to the LCCI president Mian Tariq Misbah, senior vice president Nasir Hameed Khan, LCCI ...

LAHORE: Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that Regulatory Duty and Additional Duty on those raw materials will be abolished which are not being produced locally. He was talking to the LCCI President Mian Tariq Misbah, Senior Vice President Nasir ...

The State Bank of Pakistan (SBP) had received requests for Rs. 610.2 billion until 7 January 2021, under the Temporary Economic Refinance Facility (TERF) for the establishment of new industrial units to support sustainable economic growth. The Adviser to the Prime Minister for Commerce and ...

Textile exports during 1HFY21 increased by 7.8 percent year on year against a growth of 5 percent in total exports during the period. The sector’s share in total exports stood at 61 percent for 1HFY21, which is not different from sector’s weight in exports over at least the last year or so. ...