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Tag Archives: US dollar

Rupee devalues by 47.1pc against dollar from 2008-13

rupees1

ISLAMABAD: Pakistani Rupee devalued approximately 47.1% against US Dollar during period from 2008 to 2013. Rupee met with the worst depreciation in the fiscal year 2009 when it was devalued up to 16.0% and the lowest was in 2011 which was 0.5% only. Official documents available with Customs Today show that Pak rupee was victim of depreciation against dollar in ... Read More »

GSP+ boosted textile exports in FY14

textile exports

LAHORE: Textile exports, amid all gloom and doom, showed encouraging growth of 3.9 percent year-on-year and reached $13.8 billion in fiscal year 2014 as against $13.3 billion during the corresponding period of last year. Most of the textile exports were to EU which surged by 18 percent on YoY and reached $5 billion in FY14. This was mainly due to ... Read More »

Commerce Ministry asked to make TCP contract with PNSC

PNSC1

ISLAMABAD: The Standing Committee on Ports and Shipping met in the Parliament House, Islamabad under the Chairmanship of Syed Ghulam Mustafa Shah, MNA to consider the following agenda:- Input by the Ministry of Commerce relating to the issues of Pakistan National Shipping Corporation (PNSC). The Chairman, Pakistan National Shipping Corporation (PNSC) with reference to ECC decisions of 22nd November, 2012 wherein ... Read More »