Economy

Rupee Recovers Against the US Dollar and Euro Two Days in a Row

The Pakistani Rupee (PKR) recovered against the US Dollar (USD) for the second day in a row and appreciated 40 paisas against the greenback in the inter-bank market today.It appreciated by 0.23 percent against the USD and closed at Rs. 174.89 today aft…

Economy

Interloop to Set Up a New Knitwear Apparel Plant

Interloop Limited (ILP) is planning to invest about $100 million to set up a vertically integrated knitwear apparel plant, reported Link News on Tuesday citing the management of ILP.During a discussion on the company’s latest financial results and futu…

Economy

PM to Inaugurate Track and Trace System for Sugar Sector

Prime Minister Imran Khan will inaugurate the Track and Trace system of the Federal Board of Revenue (FBR) for the sugar industry on 23rd November.The Track and Trace system will ensure electronic monitoring of manufacturing and sales of products of im…

Economy

Pakistan’s Textile Sector Contributes Only 3.4% to Total GDP: ADB Report

The textile sector of Pakistan makes a contribution of only 3.4 percent to the country’s total gross domestic product (GDP) and it is considerably low as compared to different other countries.According to a report titled, “Global Value Chain [GVC], Dev…

Sports

ICC Announces Dates and Venues for the Next T20 World Cup

The International Cricket Council (ICC) has confirmed seven host cities for Men’s T20 World Cup 2022 in Australia.The 45-match event will take place between 16 October and 13 November next year at seven venues including, Adelaide, Brisbane, Geelong, Ho…

Sports

India Gets 3 Events as ICC Reveals Details of All Major Tournaments Till 2031

International Cricket Council (ICC) has announced the hosts for every major white-ball tournament between the years 2024-2031. In total, 14 countries will host 8 ICC tournaments over the course of 8 years.The 2024 T20 World Cup will be hosted by the We…