The sudden rise in demand in the intentional market increased the US cotton price by 12-15 cents per pound within fifteen days.
On a month-on-month basis, the CAD shrank by 64.87pc from $652m in December 2020.
The FDI during July-Jan FY21 was $1.145 billion against an inflow of $1.577bn in the same period last fiscal year.
The numbers indicate that total debt servicing could cross the $14bn figure at the end of FY21.
Taxation regime further simplified for diaspora.
Over $16.4bn received since July 2020 as govt expects inflow of $28bn this year
The dollar was traded at Rs158.81 on Friday in the inter-bank market.
Banks have been authorised to allow remittances under the newly introduced categories.
The TERF facility had been introduced to counter the negative impact of Covid-19 on the economy.
Startup firms face funding issues due to unavailability of collateral or security.
KARACHI: Cotton imports almost doubled crossing $1 billion during the first half of 2020-21, convincing ...
Both Punjab and Sindh have reported a significant fall in cotton production.
The accounts aim to attract Pakistanis living abroad by offering much higher returns on deposits.
The new system has been adopted to curb ghost pensioners and reduce the increasing burden on the budget.
In Dec 2019, the 12-month average food inflation was 10.4pc in urban areas compared to 11.3pc in rural areas; a gap of 0.9pc.
PIBs attract $104m in last three months.
The SBP has asked the banks to obtain additional information on customers.
Amount exceeds total foreign investment in same period.
Domestic debt servicing rose by Rs255bn to Rs921bn during July-November.
It borrowed Rs215.5bn from banks from July to Jan 8, 2020-21 compared to Rs130.2bn in the same period last year.