Daily Archives: November 6, 2020

PFMA Chairman Seeks Government Support to Increase Footwear Exports

Pakistan’s footwear industry produces 411 million pairs every year with an annual domestic consumption of approximately 424 million pairs. The Pakistan Footwear Manufacturers Association (PFMA) Chairman, Imran Malik, stated this during a briefing given to the Secretary Trade and Development Authority of Pakistan (TDAP), Ahsan Ali Mangi. Mangi visited the Italian-Pakistan Footwear Technical Center (IPFTC)

Rupee Makes Another Big Leap Against the US Dollar

Pakistani rupee continued to recover losses against the US Dollar in the interbank market as it regained Rs. 1.16 during the current week. According to Capital Stake, this was the highest level since March 24th. The rupee closed at 159.09 against the US Dollar in the interbank market, compared with the previous closing of 159.46

Increase in foreign exchange amid COVID19 reflects overseas Pakistanis’ trust: FM

Foreign Minister Shah Mahmood Qureshi says increase in foreign exchange amidst coronavirus pandemic reflects overseas Pakistanis’ trust in the economic policies of the current government. Talking to Governor State Bank Reza Baqir in Islamabad on Friday, he said continuation of GSP Plus status for Pakistan by the European Union, appreciation of rupee and other economic

Maximum facilities being provided to investors in Balochistan: Farman

Chief Executive Balochistan Board of Investment (BoI) Farman Zarkoon has said that maximum privileges and facilities are being provided to the local and foreign investors in the province to promote investment. In a statement, he said an attractive atmosphere has been provided for investors and traders in Gwadar Free Zone. Farman Zarkoon said Gwadar is