Depreciation of rupee against US Dollar is worrying every Pakistani as local currency continues to touch historic lows every passing day. Here is a look at ups and downs of the local currency against the greenback since inception of Pakistan: Rise of Dollar against PKR In 1947, USD was being…
Category: Pakistan Business News
CPEC ushers Pakistan into new industrialization phase
BEIJING, Aug 8 (APP):Pakistan, under China-Pakistan Economic Corridor (CPEC), has entered the industrialization phase and with renewed conviction, the country can rely on the successful experience of China in the establishment of special economic zones Even though in the past, Pakistan wanted to establish such zones and tried to set…
PTDC hold seminar on tourism in Tajik Embassy
Rawalpindi: The Ambassador of Republic of Tajikistan, Shirali Jononv underscoring the importance of tourism stated that it plays an important role in generating GDP, revitalise foreign trade balance, creates avenues of employment and additional jobs. Similarly, tourism promotes the development of various sectors such as transport and communications, culture, arts,…
Over 400 foreign local firms to exhibit products at IDEAS 2018
KARACHI: IDEAS 2018, the most strategically important defense event of the region, will once again bring together manufacturers, service providers and buyers from around the globe to showcase the latest technological innovations in the defense industry. The Exhibition and conference will be held from 27th to 30th November 2018 at…
Pakistan Budget 18-19 Salient features
Following are the highlits of the Budget 2018 – 2019 presented by the new finance Minister Miftah ismail · We have achieved a highest growth in 13 years, low inflationary environment, and overall macro-economic stability. · Next government will be free to make changes in the budget priorities. · We…
Qatar and Pakistan launch new direct ship route
Doha: Mwani Qatar announced Sunday the launch of a new route between Hamad Port and the Port of Karachi in Pakistan. Hamad port welcomed today the container vessel Libra, marking the first call of the weekly direct service. The new service is under PGS (Pakistan Gulf service) provided by Wan…
Pakistan predicted to be world’s fastest-growing Muslim economy in 2017
ISLAMABAD, Jan 11(APP): Pakistan has been forecasted to be the world’s fastest-growing Muslim economy in 2017 ahead of Indonesia, Malaysia, Turkey and Egypt, says “The Economist” magazine. Pakistan’s estimated GDP growth “5.3%” is also ahead of 4% GDP growth of Israel, making Pakistan world’s fifth fastest-growing economy in the world,…
Pak economy back on track: Forbes
ISLAMABAD – Pakistan has undergone a series of positive developments meriting recognition and country’s economy was on track to complete an International Monetary Fund program from start to finish for the first time in its 70-year history. According to an article published in Forbes, American-based business magazine, the positive developments…
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