| 2020 | January | 2

  • 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 in Pakistan’s major markets due to the pandemic, as well as the uncertainty caused within…

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  • 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 the big banks, which were usually top of the list of regulatory violations, this time…

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  • 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 compared to Rs. 3.75 last year. Cumulatively, the group achieved a turnover of Rs 3.971…

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  • 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 that in both Pakistan and Bangladesh, the negative impact of the COVID-19–induced global economic slowdown…

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  • 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 as textiles, which account for half of the total export, led the recovery. The country…

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Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

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