Friday, July 1, 2022
Tags Business

Tag: Business

$1bn mobile phone export target fixed for FY22

The government has fixed a mobile phone export target at $1 billion for the current fiscal year linked with the incentives offered to local...

Food import bill up 22pc in fiscal year’s first month

Pakistan’s food import bill grew by 22.24 per cent to $647.036 million in July compared to $529.311m of the first month of last financial...

Airlift secures record $85m in Series B financing

Pakistani startup Airlift secures $85m in the largest-ever funding round for a Pakistani startup The financing is about twice the size of the largest private...

SBP introduces SAAF programme to lend to SMEs without collateral

The State Bank has introduced an innovative initiative to improve access to finance for Small and Medium Enterprises (SMEs) in collaboration with the Government...

LSMI output grows by 15%

The overall output of LSMI (large-scale manufacturing industries) has increased by 14.85% for July-June FY21 compared to July-June FY20. Data released by the Pakistan Bureau...

Rs44 billion fine issued to sugar industry

The Competition Commission of Pakistan (CCP) has imposed a record penalty of Rs. 44 billion on the sugar industry for cartelization, price-fixing, and market...

Pakistan achieves compliance in 35 out of 40 FATF recommendations

Pakistan’s rating on four more of the 40 technical recommendations of the Financial Action Task Force (FATF) against money laundering and terror financing (AML/CFT)...

KCCI becomes first chamber to have NADRA e-Sahulat facility for PSW

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra along with Additional Director Pakistan Single Window (PSW) Naveed Abbas Memon Monday...

Gold, silver maintain stable price in local market

Gold witnessed no change in prices on Wednesday as the price of 24 karat per tola gold remained static at Rs 110,600, in the...

Oil prices drop for third day as COVID-19 variant spread to cut demand

Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the Delta variant of the coronavirus in...

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