The industrial sector, followed by the service and agricultural sectors, accounted for the majority of the increase. Cotton, rice, sugarcane, and maize all grew at a rapid pace in the agriculture sector, but wheat production fell.
Economy
State Bank of Pakistan said it will take legal action against offshore forex trading companies, including OctaFX
ISLAMABAD: As the US dollar hit Rs 200 today in the inter-bank and Rs202 in open market, the government has…
Today is the seventh consecutive business day of the unbridled growth of the US dollar in the inter-bank and open market as the new government keeps mum on this issue although Pakistan and IMF officials are resuming talks today in Qatar for the resumption of loan.
Sri Lanka presently has no dollars to pay for fuel supplies, according to Power and Energy Minister Kanchana Wijesekera, who has asked citizens to refrain from queuing for the next two days.
Since the formation of allied government led by PML-N, the US dollar has gained more than 14 rupees value in the inter-bank trading and there is no immediate intervention in sight to stop dollar from dredging the value of Pakistani currency.
The crucial question of maintaining one rulebook for all markets
Withdrawal of the fuel subsidy is too fraught a process to be left to donor diktats