Three of every 10 adult Pakistanis are financially included, a measure that more than doubled between 2017 and 2022. The recently released Karandaaz Financial Inclusion Survey 2022 shows financial inclusion increased from 14pc in 2017 to 21 per cent in 2020 and reached 30pc in 2022. Financially included individuals are those who have an account in their name with a full-service financial insti
The Economic Coordination Committee (ECC) in its meeting on Friday (today) may allow increase in prices of 124 medicines including fever relief pills and syrup Paracetamol. It may also allow cut in prices of 20 medicines and fix maximum retail price (MRP) of 18 new medicines. According to a document, available with Dawn, Minister for Finance and Revenue Ishaq Dar will chair the meeting of EC
Cotton seed companies allege that unregistered players in the market are selling unprocessed and spurious seed in Sindh and coupled with other factors this is damaging crop yield in the province. “Almost 80 per cent of cotton seed requirements of Sindh are being met by mostly unregistered companies, which collect rapeseed from ginning factories in Punjab and sell it in Sindh without processing
The Customs Department has notified regulations that will govern cross-border trade under the Pakistan Single Window (PSW) system. The regulations were notified through a customs notification SRO98 of 2023, which will come into effect immediately. These regulations will apply to all users from individuals to commercial and non-commercial entities engaged in cross-border trade. All persons wi
Foreign exchange reserves held by the State Bank fell by $170 million to $2.916 billion during the week ending on Feb 3, but the rupee gained despite this piece of bad news on Thursday. According to the State Bank, the decline in reserves was due to external debt repayments. Experts believe that the country’s reserves are enough for only 16 or 17 days of imports. The biggest threat is the di