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Due to lack of resources, Can’t Help Pakistan as we did in 2010: US Consul of the US Department of State, Derrick Sholette, has said that, unlike the 2010 flood, the reason for the decrease in US aid during the recent floods is not Pakistan-US relations, but lack of resources. Speaking to the BBC from […]
TRG Associate IBEX Continuing Expansion in Central America IBEX (Nasdaq: IBEX), a leading global provider of outsourcing business processes (BPO) and a technology solution for customer involvement, today announced its sustainable operating growth in Nicaragua to support several new client accounts and employ 500 new employees at all levels in its Inverecasa site and Ofiplaza. […]
Enough wheat available for domestic consumption The country’s strategic wheat stock is recorded at 8,644 million tons, which is sufficient to overcome the domestic food needs and maintain a smooth demand and supply in the local market during the current year of food. The year of food in the country starts from May 1 to […]
GM asks Employees to return to the office three days a week General Motors Co. has become the last company to ask employees to return to the office at least part of the time. Employees who have worked remotely during the pandemic of Covid-19 are expected to “spin to a more regular direct work cycle,” […]
GCIL got approval to establish the largest Pakistani Air Separation Unit. One of the subsidiary companies GCIL- Ghani Chemical Industries Limited, also one of the largest producers of medical and industrial gases in Pakistan, has received approval from the Department of Environment, and the Special Economic Zone Hattar KPK, for the regulation of Pakistan’s largest […]
SBP documents in foreign currency transactions more than $ 2,000 Friday, Pakistan State Bank (SBP) made foreign currency transactions of more than $ 2,000 through bank channels compulsory in order to document the sales and purchases of the foreign currency. In this case, the central bank changes the Exchange Companies Manual to verify the documentation […]
Credit Information Bureau (India) Limited (CIBIL) India’s first credit information company, TransUnion CIBIL Limited, was founded in 2000. It was formerly known as Credit Information Bureau (India) Limited. It gathers and maintains data on business and individual credit, including information on loans and credit cards. Periodically, member institutions send these records to the credit bureau. […]
Pakistan Trade Gaps shrink with Economic Costs Current Account Deficit of Pakistan (CAD)-The gap between a higher foreign expenditure and low-income-decreased down by 42% on the month on monthly basis to $ 703 million after a significant increase in the inflows and falls into the outflows in August this year. Cutting is important in the […]
The Reserves of the Pakistan Central Bank decreased by $ 278 Million The SBP exchange reserves for the week ending on September 16, 2022, were reduced from 278 million USD to 8,346 million USD following the data published by the Central Bank. The main reasons for central bank reserves decline are external debt and other […]
Net FDI falls over 26% in first two months of FY23 As revealed by the state bank of Pakistan, FDI (Foreign Direct Investment) in Pakistan fell by 26.1% during the initial 2 months of ongoing FY23. It clocked in at just $169.5 million. In comparison to the previous year, this figure was $229.5 million, i.e. […]