Commerce

China agrees to import more from US, no sign of $200bn number

WASHINGTON (Sarzameen News) – China has agreed to take measures to boost imports from the United States to reduce America’s trade deficit, the two countries said on Saturday, although without mentioning the $200-billion target the White House had touted earlier. Beijing and Washington agreed they would keep on talking about measures under which China would

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Pakistan stocks plunge 4.5 percent this week

KARACHI (Sarzameen News) – Pakistan equities lost 4.5 percent in a single week and closed at 41,624 index level, that is highest weekly loss of 2018 amidst depleting foreign reserves and rising political noise ahead of general election 2018. Topline Securities in its weekly review said that traded value during the week went down by

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LSMI grows by 5.89pc in 9 months

ISLAMABAD (APP) – Large Scale Manufacturing Industries (LSMI) of the country witnessed an impressive growth of 5.89 percent during the first nine months of the current fiscal year as compared to the corresponding period of last year. The country’s LSMI Quantum Index Numbers (QIM) was recorded at 149.26 points during July-March (2017-18) against 140.97 points

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Weekly inflation up by 0.93 percent

ISLAMABAD (APP) – The weekly inflation for the week ended on May 17 for the combined income group witnessed increase of 0.93 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 226.56 points against 224.47 points registered in the

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NA passes Finance Bill for next fiscal year

ISLAMABAD (Web Desk) – National Assembly (NA) on Friday has passed the Finance Bill 2018 giving legal cover to the budgetary proposals for the next financial year. A number of proposals given by members during debate on the budget and recommendations of the Senate have been incorporated either fully or partially but the basic structure

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Pakistan’s reserves stand at US$17.067bn

KARACHI (Sarzameen News) – Total liquid foreign reserves of the country stand at US$17.067 billion after dropping by US$219 million, said the State Bank of Pakistan (SBP). In a statement issued by the SBP on Thursday, the foreign reserves held by the State Bank on May 11, amounted $10,798.9 million and the net foreign reserves

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Country’s exports increasing due to govt policies: Miftah

ISLAMABAD (APP) – Minister for Finance Miftah Ismail Wednesday said country’s exports had increased this year while imports were decreasing due to effective policies of the incumbent government. Talking to a private news channel, he said that more focus was being given to enhance country’s exports for strengthening national economy. The Pakistan Muslim League Nawaz

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Mango export target set at 100,000 tons for year 2018

KARACHI (Sarzameen News) – The export of mango from Pakistan would commence from 17th May 2018 during the current season of mango while the export target of mango has been set as 100,000 metric tons. According to the Patron-in-Chief of PFVA & Vice President –FPCCI , Waheed Ahmed , the production of mango is expected

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Coco-Cola’s Eidi for Edhi campaign kicks off in Pakistan

LAHORE (Sarzameen News) – Coca-Cola Pakistan on Tuesday joined hands with Edhi Foundation for fundraising during Ramazan. Both the organisations have started ‘Eidi for Edhi’ campaign aims to inspire the people and evoke values of generosity and kindness for an integrated fund-raising drive to be implemented nationwide. Rizwan U. Khan, General Manager of Coca-Cola, Pakistan

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SBP says banks remain closed on 1st Ramadan-ul-Mubarak

KARACHI (Sarzameen News)- The State Bank of Pakistan (SBP) will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439 A.H., which will be observed as ‘Bank Holiday’; for the purpose of deduction of Zakat. According to the statement issued on Wednesday, All banks/Development Finance Institutions (DFIs)/Mircofinance Bank (MFBs) shall, therefore, remain closed for public dealing on

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