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Karachi: The Worker’s remittance of the country transferred USD 3.297bn in the 1QFY12 against USD 2.646bn in the corresponding period, showing a massive growth of 24.6% YoY (up by USD 650.9mn). According to Alfalah Securities Limited, however, inflow of remittances mainly contributed by Saudi Arabia, UAE, USA, UK, GCC and …
Read More »Daily Archives: October 11, 2011
Trade Deficit reaches USD 5.114bn mark in 1QFY12, up by 28.78% YoY
Karachi: According to the Federal Bureau of Statistics, Pakistan’s trade deficit has surged to USD 5.114bn in 1QFY12 against USD 3.971bn witnessed in 1QFY11, up by 28.78% on YoY. According to Alfalah Securities Limited, the import numbers of the country are once again a major concern for the economy as …
Read More »KIBOR declines by 86bps to 12.4%
Karachi: The Karachi Inter-bank Offered Rate (KIBOR) has been reduced by 86 basis points from 13.26% to 12.4% led by a 150 basis point cut in the discount rate by State Bank for Oct-Nov 2011. According to Alfalah Securities Limited, Kibor is a daily average of rates used as a …
Read More »Open House: For Establishment of Information Technology Parks in Peshawar and Abbottabad Khyber Pakhtunkhwa
Islamabad: PSEB and Khyber Pakhtunkhwa (KP) IT directorate would like to invite you to a Open house session to devise long term and short term incentives plans to jump start IT industry growth in KP. Government of Khyber Pakhtunkhwa is offering a substantial incentives package to attract IT/ITeS companies to …
Read More »Japan External Trade Organization to unveil Japan Pavilion at 6th EXPO PAKISTAN
Lahore: JETRO Japan External Trade Organization has taken the initiative to set up a Japan pavilion at the 6th EXPO PAKISTAN Exhibition to be held from 20th October to 23rd, 2011 for the first time. With a wide coverage of Japanese representation in the leading sectors of Pak economy, latest …
Read More »Securities and Exchange Commission of Pakistan to partner in development of insurance industry
Islamabad: The SECP is committed to playing a facilitating role in increasing the insurance penetration in Pakistan and engaging the stakeholders in policy dialogue and frequent communication with the industry. The new solvency rules for insurance companies have been finalized and will be notified very soon. Simultaneously, the work on …
Read More »Meeting of the Foreign Minister of Maldives with the Foreign Minister
Islamabad: H.E. Mr. Ahmed Naseem, Foreign Minister of Maldives who is currently on three days official visit to Pakistan, had talks with the Foreign Minister Ms. Hina Rabbani Khar, today. The two Foreign Ministers discussed bilateral, regional and global issues. They expressed satisfaction over the existing warm and friendly relations …
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