Exports to European countries grew 9.86 per cent in the first seven months of the current fiscal year from a year ago mainly due to higher shipments to western states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $5.345 billion in July-January FY25 from $4.865bn last year, according to data compiled by the State Bank of Pakistan. The export resurgence was due to a
Amid growing concerns over Pakistan’s cash-dominated economy, bankers at a recent summit in Karachi called for a comprehensive digital policy to complement fiscal and monetary policies, paving the way for a more inclusive financial system. While Pakistan’s banking sector remains highly profitable due to heavy investments in government securities, speakers at the summit emphasised the urgent nee
A court in India’s finance hub Mumbai has ordered an investigation into allegations of stock market fraud by the former chief markets regulator, officials and local media said on Sunday. The anti-corruption bureau was directed to begin a probe against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials “in connection with alleged stock mar
The All Pakistan Fruit and Vegetables Exporters, Importers and Merchants Association (PFVA) has expressed serious concerns over the proposed formation of the National Agri-Trade and Food Safety Authority (NAFSA). In a letter to the Ministry of Food Security on Saturday, PFVA Chairman Aslam Pakhali termed the move unnecessary and unwarranted, saying the new authority will further burden the hort
Prime Minister Shehbaz Sharif has said that the provision of sugar and other essential items to people at low rates is the top priority of his government. Presiding over a meeting in Lahore on the supply of sugar and price control in the country on Sunday, the premier recalled that the government in previous months had taken strict action against sugar smuggling, which bore fruitful results.