Pakistani rice exports registered a remarkable growth of 19% during the first half of the current fiscal year, despite global trade turmoil and intense competition from regional players. From July to December 2024, the country exported 3.06 million tons of rice worth $1.87 billion, compared to 2.57 million tons worth $1.64 billion in the same … Read more
The State Bank of Pakistan (SBP) reported that the total money supply in the economy reached 40.09 trillion rupees by November 2024. This represents a modest monthly increase of 0.39% from 39.93 trillion rupees in October and a significant increase year-on-year. By 13.95% compared to 35.18 trillion rupees in November 2023. Breaking down the money … Read more
Global arms sales of the top 100 companies reached $632 billion in 2023, representing a 4.2% increase in real terms compared to 2022, according to data from the Stockholm International Peace Research Institute (SIPRI). Arms revenues rose in all regions, with notable growth among companies in Russia and the Middle East. Small arms producers have … Read more
The government has yet to receive any of the $9 billion budgeted term deposits for the first four months of the current fiscal year (July-October 2024-25), compared to $3 billion made during the same period last year, according to data from the Department of Finance. Economic Affairs (EAD). For fiscal year 2025, the government expects … Read more
Remittances sent by Pakistanis working abroad are expected to reach $35-36 billion by the end of the current fiscal year 2024-25, according to data compiled by Topline Securities. This would be a 16% year-on-year increase from incoming remittances during the previous fiscal year 2023-2024. According to data from the State Bank of Pakistan (SBP), workers’ … Read more
The euro fell to its lowest levels in a year, reviving talk that the currency could reach the one-dollar level. Donald Trump’s victory in the US elections raises the possibility of increasing tariffs, which could deal a new blow to the euro zone economy. At around $1.06, the euro has fallen about 5% from its … Read more
Ukraine President Volodymyr Zelensky urged his allies to stop “monitoring” and take action before North Korean troops deployed in Russia reach the battlefield. Zelensky raised the prospect of a Ukrainian pre-emptive strike on camps where North Korean troops train and said kyiv knew their locations. But he added that Ukraine could not do so without … Read more
Manchester United have reached an agreement with Sporting Lisbon regarding the hiring of Ruben Amorim as head coach. As part of the deal, Amorim is expected to stay with Sporting for their next three matches, including against Manchester City on Tuesday and Braga on November 10, meaning he would first take charge of United at … Read more
Seoul, South Korea — North Korea launched a new intercontinental ballistic missile on Thursday in its first test in nearly a year of a weapon designed to threaten the continental United States, days before the American elections. North Korean leader Kim Jong Un ordered the missile test and was at the launch site, calling the … Read more
Prime Minister Shehbaz Sharif (centre) and Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, among others, speak at a joint press conference on the sidelines of the eighth edition of the Future Investment Initiative (FII) in Riyadh, October 30, 2024. – PID The number of memorandums of understanding increased after the meeting between the Prime Minister … Read more