ISLAMABAD, July 25(ABC): The exports from the country in rupee term witnessed an increase of 40.11 per cent during the current fiscal year 2021-22 as compared to last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July–June (2021–2022) were recorded at Rs. 5,663,089 million as against Rs. 4,041,927 million during the corresponding period of last year showing an …

BEIJING, July 25(ABC): As one of the main olive producing areas in China, the processing industrial chain in Fujian Province is still far from perfect. The supply of high-quality olives is in short supply; besides, the by-product market also contains unlimited potential. Namely, the market space is huge. In the future, if we can introduce excellent olive varieties from countries …

KARACHI, July 25(ABC): Gold scaled to a new peak on Monday as the delayed political uncertainty clouded the economic outlook and bolstered bullion’s safe-haven allure, though analysts said the rapid pace of gains could prompt some correction. The precious commodity has emerged as a safe asset in these challenging times of the economic and political crisis. People were aggressively buying …

WEB DESK, July 25(ABC): Amid a severe shortage of US dollars that plunged the rupee to its highest weekly drop since 1998, the State Bank of Pakistan (SBP) has discouraged interbank trading, reported, citing well-informed sources. In order to control the free-fall of rupees against the US dollar, the central bank— with its limited power under the International Monetary Fund …

HONG KONG, July 25(ABC): Asian markets slipped Monday at the start of a key week for equities as the Federal Reserve prepares to lift interest rates again and some of the world’s biggest companies report earnings. While the US central bank is widely expected to hike borrowing costs by 75 basis points, traders will be poring over policymakers’ views on …

KARACHI, July 24(ABC): State Bank of Pakistan (SBP) acting Governor Dr Murtaza Syed said that the comparison of Pakistan with Sri Lanka, and negatively analysis of the economy is not correct. In the podcast, conducted by the SBP on Saturday discussing the overall economic situation, the SBP governor said there is no doubt that the next 12 months will be …

BEIJING, July 23(ABC): Pakistan’s export to China crossed $1.918 billion in the first half (H1) of this year, up 10.97 percent from $1.728 billion in the same period of the previous year, which continue to increase on yearly basis, reported on Saturday quoting official data from the General Administration of Customs of the People’s Republic of China (GACC). According to …

ISLAMABAD, July 23(ABC): Oil and Gas Regulatory Authority (OGRA) on Friday notified the revised price of Re-gasified Liquefied Natural Gas (RLNG) on networks of the SSGC and SNGPL for the current month of July, with a significant downward adjustment. According to the notification, the authority decreased the price of imported RLNG by $4.6501 per Metric Million British Thermal Unit (MMBTU) …

ISLAMABAD, July 23(ABC): Sensitive price Indicator (SPI) based weekly inflation for the week ended on July 21 for the combined consumption group, witnessed a decrease of 0.22 percent as compared to the previous week. SPI for the week under review in the above mentioned group was recorded at 200.10 points against 200.55 points registered in the previous week, according to …

KARACHI, July 22(ABC): State Bank of Pakistan (SBP) acting Governor Murtaza Syed on Friday said that Pakistan’s external debt of $95 billion is very low. Murtaza Syed said in an interview with a foreign broadcasting organization said that “Pakistan is being unfairly branded with other countries that are much more vulnerable.” “This is because there is little discrimination between countries …