Balochistan unveils deficit budget for 2022-23

The Balochistan government¬† presented a deficit budget for the fiscal year of 2022-23 on June 21. BALOCHISTAN BUDGET AT A GLANCE (Rupees in Billions) Income: Federal Transfers 370.33 Provincial Receipts…

Pakistani manufacturer exporting to US 100,000 tonnes of cement monthly

DG Khan Cement Company, one of the largest cement manufacturers of Pakistan, has entered the US market by fulfilling the contract of 100,000 tonnes monthly supply of cement to Texas.…

Nokia produces over one million mobile phones in Pakistan

Nokia has produced over one million locally assembled mobile phones in Pakistan in six months after setting up assembly unit in the country. The company partnered with Techno Pak Electronics…

Increasing demand of rice may benefit Pakistan

A report on ‘World Food Outlook’, the Food and Agriculture Organisation (FAO) of the United Nations says the intensification of demand for rice from all regions of the world, except…

Federal Budget at a glance

(Rupees in trillion) Revenues: Non-tax Revenues———- 2.00 FBR Revenue—————- 7.00 Gross Revenue————— 9.00 Transfer to Provinces (under NFC award)——–¬† -4.10 Net Revenue—————– 4.90 Expenditure: Debt Servicing————— 3.95 Defence———————– 1.52 Other————————–…

Pakistan Economic Survey 2021-22

The Government of Pakistan has released, on June 9, the Pakistan Economic Survey 2021-22. Here are the salient features of the survey: * GDP growth rate during fiscal year 2021-22…

The dollar, euro and British pound depreciated against the rupee in a week on the interbank market

The dollar, euro and British pound depreciated against the rupee at the Interbank Foreign Exchange (IFEX) during the week. The buying price of the dollar fell from Rs 198.70 to…

National savings schemes rates raised up to 150 bps

The government has raised rates of different National Savings schemes (NSS) in the range of 30 basis points (bps) to 150 basis points with effect from June 3. The total…

Oil industry sends SOS, fears breakdown in energy supply chain

The Oil Companies Advisory Council (OCAC) has sent SOS to the minister of finance and the minister of state for energy, seeking their support to rescue the industry after non-confirmation…