The foreign direct investment (FDI) surged 56 per cent in the first seven months of FY25. The State Bank reported on Tuesday that the FDI increased by $548 million, or 56pc, to $1.523 billion during July-January FY25 compared to $975m a year ago. The growth is impressive, but the size of the FDI was the poorest in the region. The government has been trying to attract foreign investments but
The government raised Rs690 billion through auctioning treasury bills (T-bills) and Pakistan Investment Bonds (PIBs) on Wednesday. Against the PIBs’ auction target of Rs350bn, the government raised Rs431.3bn — Rs23.6bn for five years, Rs403.6bn for 10 years and Rs4bn through non-biddings. In the case of T-bills, the government raised Rs258.8bn against the target of Rs350bn. The investors we
The 10-gram and one-tola gold rates on Wednesday hit an all-time high of Rs264,060 and Rs308,000, showing a jump of Rs3,258 and Rs3,800, respectively. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), world gold price came under further pressure, rising to a record $2,944 per ounce, up by $34 from Tuesday, after US President Donald Trump threatened to impose a 25pc t
The Healthcare Devices Association of Pakistan (HDAP) has urged the federal government to lift restrictions on medical equipment imports. The appeal comes as the customs authorities continue to block shipments after the expiry of regulatory exemptions on Dec 31, 2024. The exemptions had allowed registered and unregistered importers to bring the medical devices — from ventilators to thermomete
Prime Minister Shehbaz Sharif said on Wednesday that the government was working on regulating digital currencies. Presiding over an Economic Advisory Council (EAC) meeting, the prime minister said: “Consultations are underway regarding the regulation of digital currencies.” A Prime Minister’s Office (PMO) source told Dawn that the PM believed the world was turning towards digital currencies.