Stories from Salman Siddiqui
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RDA attracts over $500m
PM thanked overseas Pakistanis as 50% of inflows came in last six weeks
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Remittances remain strong over $2b
Inflows from overseas Pakistanis surge 19% to $2.27b in January 2021
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Karachiites angry at long power outages
K-E spokesperson says most of the areas recorded power shutdown due to annual maintenance
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LSM grows 11.4% in December
Despite Covid-19 pandemic, industrial output growth accelerates to 22-month high
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Govt to set up Tax Policy Unit
Body will highlight revenue leakages, suggest measures to boost tax collection
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Bank deposits grow 16.5% in one year
Most businesses, individuals opted to save money amid Covid outbreak
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Banks introduce ATM receipt fee
It opens new avenue for banks to improve earnings, cut costs
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Trade deficit widens 21% to $2.6b
Increase comes on back of rising imports to support industrial, agricultural activities
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New goods clearance system launched
Scheme will help slash clearance time, facilitate trade, improve supply chain
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Cotton production drops 34% in FY21
Govt’s negligence towards major cash crop has heavily affected country’s economy