News reports added that the textile and spinning mills started stockpiling cotton as the prices hiked, contributing to the price increase by nearly Rs. 200 to 300 per 40kg.Seed-cotton prices also followed suit and reached their highest ever level of

Pakistan’s banks managed to keep profits stable in the second quarter of 2021 despite the net interest income plummeting by 10 percent.After tax, the profits of Pakistan’s banks totaled Rs. 69.60 billion in the second quarter, according to a report

Pakistan has yet to receive an extension for the European Union’s (EU) Generalized System of Preferences Plus (GSP+) program, the Ministry of Commerce clarified. “Pakistan is in the process of the next review, and hopefully, will get the extension,” th…

State Bank of Pakistan (SBP) has introduced various options to overseas Pakistanis to invest in Pakistan, mainly in listed and unlisted companies, mutual funds, and real estate.In order to provide further investment and financing opportunities to non-r…

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, delivered a keynote address (through a video link) during the Round Table Conference (RTC) organized by the Daily Pakistan Observer on the topic “Islamic Banking – The Way Forward” in Karachi…