ISLAMABAD, May 20 (ABC):Pakistan earned US $419.059 million by exporting different travel services in various countries during the first nine months of the current fiscal year 2021-22. This shows the growth of 9.14 percent as compared to the US $383.960 million same services were provided during the corresponding period of the last fiscal year 2020-21, Pakistan Bureau of Statistics (PBS) …

  ISLAMABAD, May 20 (ABC):Foreign Direct Investment (FDI) in Pakistan declined to US$1.455 billion in July-April (2021-22) compared to the FDI inflows of $1.48 billion recorded during same period, a year ago, showing a negative growth of 1.6 percent. On year-on-year basis, the FDI rose to US$170.6 million in April 2022 against US$169.0 million recorded during the same month of …

BEIJING, May 20 (ABC):President of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) Wang Zihai said that after the successful working of Pakistan-China Knowledge Portal, an online Pakistan-China Technology Gateway will be established soon. Speaking at a think-tank session held at PCJCCI premises, he said that technological advancement for human resource development is the prime agenda of PCJCCI. “After …

ISLAMABAD, May 19(ABC): The price of 24 karat per tola gold witnessed a decrease of Rs50 and was sold at Rs 138,350 on Thursday against its sale at Rs138,400 in the local market. The price of 10 gram 24 karat gold also decreased by Rs 43 and was sold at Rs 118,613 compared to its sale at Rs118,656 whereas that …

ISLAMABAD, May 19(ABC): The federal government Thursday announced a ban on dozens of items, ranging from cosmetics to automobiles, in a bid to save the depleting foreign reserves. Information Minister Marriyum Aurangzeb said the ban comes as the federal government has devised an economic plan in a bid to take the country out of the financial turmoil. “For the first time”, …

LAHORE, May 19(ABC): Due to climate changes, shortage of electricity and diesel, increase in cost of packaging processing and high freight charges, exporters as well mango growers have to face a crisis during the current mango season. Pakistan is facing a 50% drop in mango production this year due to the effects of climate changes and high temperatures. All Pakistan …

ISLAMABAD, May 19, (ABC): Government plans on taking tough decisions and is likely to hike regulatory on duty several items. According to details, regulatory duty on imported tires is likely to be hiked by 50 percent while a 40 percent increase is expected in duty on imported tiles. Regulatory duty on machinery will be up by 10% and home appliances …

JAKARTA, May 19(ABC): Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine. The archipelago nation issued the ban last month to secure supplies of the commodity, used in a range of goods from …

KARACHI, May 19(ABC): State Bank of Pakistan (SBP) on other day declared use of forex trading platforms including OctaFX and Easy Forex illegal in Pakistan with a warning of legal action against the violators. Most of the Pakistanis who use forex trading as a source of primary or passive income consider the use of platforms like OctaFX legal in the …

ISLAMABAD, May 19 (ABC):Pakistan Railways has procured a total of 230 modern passenger coaches not only to modernize the department but also to facilitate the passengers. An official of the Ministry of Railways said that out of the procured coaches the first batch would be arriving by end of May, that “The high power locomotives, 4,000 horse power have been …