Overseas Pakistanis deposited and invested $161 million in July 2024 through the Roshan Digital Account (RDA), a figure below the past six-month average, contributing to a Rs0.18/$ decline in the domestic currency in the inter-bank market on Wednesday. According to State Bank of Pakistan (SBP) data, these inflows have pushed total RDA receipts to $8.42 billion since the accounts were introduced
Investors of the United Arab Emirates (UAE) have shown keen interest in forging joint ventures (JVs) with the Pakistan Furniture Council (PFC) to tap the global market by meeting international standards. According to PFC Chief Executive Officer Mian Kashif Ashfaq, who is currently visiting Gulf countries and holding meetings with his counterparts, the collaboration between UAE investors and the
Pakistan is facing the threat of losing exports and foreign direct investment (FDI) because of potential failure to comply with measures required to combat climate change as global buyers increasingly urge domestic producers to report their best and bad practices contributing to global warming. Speaking at the launch of a report titled "Pakistan's Climate Crossroads: Private Sector Solutions to
Despite the weakening of the rupee driven by uncertainty about the approval of a new loan by the IMF board this month, Pakistani shares staged a rally on Wednesday, snapping a three-day losing streak. This was aided by the start of the privatisation process for three power companies, propelling the benchmark KSE 100 share index above the 78,000 level. Ahsan Mehanti of Arif Habib Corporation att
The pharmaceutical industry recorded the highest-ever quarterly sales of Rs237 billion, up 25 per cent year-on-year in Q4FY24, while sales rose by 22pc to Rs916bn in the entire FY24. As per healthcare data company IQVIA, pharmaceutical sales rose by a quarter, with 20pc attributed to a price increase and 5pc to a rise in volume. The significant jump in price is due to the government-approved