Overall vegetable exports swelled by 90 per cent in quantity and 57pc in value during the first four months of the current fiscal year thanks to brisk potato shipments that have offset the declining trend in onion exports due to huge crop destruction in Sindh and Balochistan. The total vegetable exports stood at 378,826 tonnes during July-October fetching $107 million compared to 199,119 tonnes
After two years of unprecedented profitability, Pakistan’s textiles and clothing exports are facing a strong demand downturn as consumers tighten their belts in the US, Europe and other markets. But Pakistani textile manufacturers aren’t the only ones experiencing this gloomy situation; the orders in the world’s every garment exporting country, including China, India and Bangladesh, have been slow
Despite unprecedented hike in international oil and gas prices and resultant increase in import bill of two essential commodities, the two gas utilities have failed to control system losses against regulatory targets approved by the government. Over the last three years (2019-22), both the gas utilities — Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL)
Despite a sluggish economic growth and import compression, the Federal Board of Revenue (FBR) surpassed its five-month tax collection target of nearly Rs2.7 trillion on the back of enforcement measures and steady income tax growth. However, the income tax return filing still remained a big challenge for the revenue board during July-November of current fiscal year. “The FBR continues to demo
The government borrowed on Wednesday a mere Rs215 billion from commercial banks against the target of Rs850 billion as the banks jacked up the lending rate significantly. The government acquired financing through the auction of three-, six- and 12-month T-bills. Cut-off yields (lending rates) on the papers increased by up to 129 basis points to a record high of nearly 17%. Had the government