Pakistan’s Large Scale Manufacturing (LSM) sector staged an overall growth of 10.4 per cent during July-March FY22. Performance was broad-based on the back of solid growth of high-weighted sectors such…
Category: Business
MoITT to Auction TopUp 3G/4G Spectrum
MIT has sought spectrum demand for additional spectrum from telecom operators within two weeks. A high-level meeting was chaired by Secretary IT & Telecommunications, Mohsin Mushtaq Chandna. The meeting discussed…
FBR to Operationalize Directorate to Fulfil FATF Requirements
The Federal Board of Revenue (FBR) has filled the vacant posts in various offices of the Directorate General of Designated Non-Financial and Business Professionals. A separate Directorate has been set…
Blue World City Introduces Blue Town Smart City Block
Blue Town hosted a launch ceremony of Blue Town Smart City Block on its site. H.E. Mr. Sheikh Nuri Muhammad Ahmad Ali, the key holder of Roza-e-Rasool S.A.W., was a…
With Rs 16.9 Trillion Fiscal Deficit Pakistan Adds Rs 23 Trillion Debt in 10 Years
Pakistan has borrowed Rs. Twenty-three trillion to meet the total public expenditure of Rs. Seventy-two trillion during the last ten years. The governments, including PPP, PML-N, and PTI, obtained Rs.…
Foreign Direct Investment Declines during 10MFY22
Foreign Direct Investment (FDI) into Pakistan dropped by 1.6 percent during the first ten months (July-April) of the current fiscal year. The country attracted FDI of $1.456 billion between July…
Ex-Goldman CEO cautions of high downturn risk in the U.S.
Previous Goldman Sachs CEO Lloyd Blankfein said on Sunday he trusts the U.S. economy is in danger of conceivably going into a downturn, as the U.S. Central bank keeps on…