ISLAMABAD, August 4(ABC): During the first month of fiscal year 2022-23, Pakistan’s exports shrank near a quarter over the previous month and 5.2% over the corresponding month of the last fiscal year, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. Similarly, according to The News, imports also plunged by 38.3% over the previous month and 12.8% over the same …

ISLAMABAD, August 3(ABC): During the first month of fiscal year 2022-23, Pakistan’s exports shrank near a quarter over the previous month and 5.2% over the corresponding month of the last fiscal year, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. Similarly, according to report, imports also plunged by 38.3% over the previous month and 12.8% over the same …

ISLAMABAD, August 2(ABC): As a major step towards solving the drinking water problem in Gwadar, construction of a 1.2 gallon per day (MGD) desalination plant in Gwadar Free Zone has commenced, reported on Tuesday quoting China Overseas Port Holding Company (COPHC). “Construction of 1.2 MGD desalination plant in Gwadar Free Zone commenced with full vigor; upon completion, it will assuage …

ISLAMABAD, July 2(ABC): Consecutive increases in the US Fed interest rates have produced havocs in the macro-economy of Pakistan. It badly needs economic stimulation, support and inflows of FDIs to consolidate its draining foreign reserves, says a report on Tuesday. The report contributed by Dr Mehmood Ul Hassan Khan, Director of the Center for South Asia & International Studies (CSAIS) Islamabad, …

ISLAMABAD, August 2(ABC): The imports of agriculture machinery and implements into the country during financial year ended on June 30,2022 witnessed about 18.32 percent increase as against the imports of the corresponding period of last year. During the period from July-June 2021-22, agriculture machinery and implements valuing $112.025 million as against the imports of $84.679 million of same period last …

ISLAMABAD, August 2(ABC): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 115.65 points, a positive change of 0.29 percent, closing at 40,191.61 points against 40,075.96 points on the last working day. A total of 217,504,902 shares were traded during the day compared to the trade of 110,422,594 shares the previous day, whereas the …

KARACHI: Gold prices were subdued on Wednesday in choppy trade as a rupee appreciation and the prospect the central bank could raise interest rates after record high inflation kept investors on edge. The price of gold — considered a safe haven — plummeted by Rs3,500 per tola and Rs3,001 per 10 grams to settle at Rs154,900 and Rs131,945 in the …

LONDON, August 2(ABC): Oil prices dropped sharply on Tuesday as weak manufacturing data from China and Europe weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply. Brent crude futures were down $3.77, or 3.6%, at $100.20 a barrel by 1319 GMT, having fallen to a session …

ISLAMABAD, August 1(ABC): Chinese companies Jinko Solar and JA Solar, together with another company, will provide photovoltaic cells/panels and other related equipment for the establishment of a solar photovoltaic power plant with an installed capacity of 1.931-megawatt peak (MWp) in Punjab, reported on Monday. The National Electric Power Regulatory Authority (NEPRA) on July 29 granted a generation license to GSOLAR …

MUMBAI, August 1(ABC): Asia’s richest men made multi-billion-dollar bets on the future of Indian telecommunications in the country’s 5G auction Monday, but nearly 30 percent of the available spectrum went unsold. Narendra Modi’s government plans to roll out 5G networks offering up to 10 times the speed of 4G to its 1.4 billion population before the end of the year. …