"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " "Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
February 25, 2021
For the fifth consecutive month Pakistan maintains a current account surplus

For the fifth consecutive month Pakistan maintains a current account surplus

In the five months of the current financial year, Pakistan’s current account sustained a handsome surplus of $1.6 billion, primarily due to increased remittance and export receipt inflows. The current account surplus has reached $1.6 billion, according to the State Bank of Pakistan (SBP), compared to a $1.7 billion deficit. In comparison to the previous five years, owing to an improving trade balance and a sustained rise in remittances, the current account has been in surplus during FY21. Both exports and imports picked up in November 2020, suggesting a revival in global demand and domestic economic activity. The total trade deficit recorded a small decrease from $9.55 in a comparable timeframe last year to $9.53 billion between July and November 2020. Remittances, on the other hand, provided strong current account support, which increased to $11.7 billion over the five months of the FY21, compared to $9.2 billion in remittance inflows earned last year, showing a 27% or $2.4 billion rise. Together with an increase in financial inflows, this current account turnaround boosted SBP’s FX reserves by about $1 billion in November 2020, which stood at $13.1 billion, the highest amount in three years. The improved amount of foreign exchange reserves also helps the stability of the Rupee against the dollar, which in the coming days would further contribute to controlling the country’s import bill.

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