Daily Archives: November 2, 2020

Pakistan’s Exports for October Cross the $2 Billion Mark

Pakistan’s exports have crossed the $2 billion mark in October 2020, reaching pre-Covid-19 levels, Adviser to Prime Minister of Pakistan for Commerce and Investment announced through his Twitter on Monday. He said that this growth has come despite the contraction

PNSC Group Records Massive Profit Growth of 74% in Q1 FY21

Pakistan National Corporation Company Group managed to achieve a 74% increase in profit after tax of Rs. 859 million in Q1 FY21 versus Rs. 495 million in the corresponding period last year. Its earnings per share increased to Rs. 6.50

SBP Slams Penalties of Over Rs. 271 Million on 4 Major Banks

State Bank of Pakistan (SBP) continued to take strict measures against the commercial banks for their infringement of regulatory compliance penalizing four commercial banks with a fine of Rs. 271.6 million during the period of July to September. Instead of

Remittances to Pakistan Will Reach $24 Billion in 2020: World Bank

The World Bank (WB) has projected nine percent growth in remittances for Pakistan totaling about $24 billion in 2020. The World Bank in its latest report, “Migration and Development Brief 33, Phase II COVID-19 Crisis through a Migration Lens”, stated

Early action helped Pakistan boost exports during pandemic: Bloomberg

Pakistan’s decision to loosen pandemic restrictions early has helped the country’s exports emerge stronger than its South Asian peers. According to report published in Bloomberg, report said, the outbound shipments have grown at a faster pace than Bangladesh and India

Commerce Adviser expresses satisfaction over increase in pharmaceutical exports

Adviser on Commerce Razak Dawood has expressed satisfaction over the increase in pharmaceutical exports. In a tweet on Monday, he said the Pharma exports have grown by 22.6 percent to 68.1 million dollars in the first quarter of current fiscal