Cotton arrivals across the country reached 1.696 million bales by the end of August, marking a 27% rise over supply of 1.336 million bales from farms during the same period of last year, according to figures released by the Pakistan Cotton Ginners Association (PCGA) on Thursday. Data showed that arrivals climbed by 360,819 bales year-on-year, with both major producing provinces posting gains. P
Pakistan's trade deficit jumped 18% to $7.1 billion during the first two months of the fiscal year, as exports grew at half the rate of imports – an amount that is more than double of the expensive $3 billion debt Pakistan raised on Thursday from international capital markets at a profit rate of 7.9% to 8.25% for five and a half to 10 years. According to the Pakistan Bureau of Statistics (PBS),
Pakistan's information technology industry has just posted its strongest year on record. It has also started shedding people faster than at any point in its recent history. Both statements are true, and that is the paradox now hanging over the country's most celebrated export story. State Bank of Pakistan (SBP) data show IT and IT-enabled services receipts climbed to $4.6 billion in fiscal year
The Pakistan Stock Exchange (PSX) has partnered with the United Kingdom’s MOBILIST programme to mobilise private investment for sustainable development and climate transition projects in Pakistan. Under the partnership, MOBILIST will work with PSX’s network of issuers and market intermediaries to identify products eligible for support, including initial public offerings (IPOs) and new listed pr
Pakistan Cables Limited’s board has approved the sale of its 17% stake in Chinoy Engineering & Construction (Private) Limited (CECL) to the company for approximately Rs350 million. PCAL informed the Pakistan Stock Exchange today. It said that it currently held 4,845,000 ordinary shares of Rs10 each in CECL, representing 17% of CECL’s issued and paid-up share capital. “CECL has offered to