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The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
Kiwifruit (often shortened to kiwi outside Australia and New Zealand), or Chinese gooseberry, is the edible berry of several species of woody vines in the genus Actinidia. [ 1 ] [ 2 ] The most common cultivar group of kiwifruit ( Actinidia deliciosa 'Hayward') [ 3 ] is oval, about the size of a large hen's egg : 5–8 centimetres (2–3 inches ...
Pakistan's largest food crop is wheat. In 2017, Pakistan produced 26,674,000 tonnes of wheat, almost equal to all of Africa (27.1 million tonnes) and more than all of South America (25.9 million tonnes), according to the FAOSTAT. [70] In the market year of 2018/19, Pakistan exported a record 4.5 million tonnes of rice. [71]
Public markets across Pakistan stayed closed on Saturday due to a strike by retail associations over rising electricity prices and brisk inflation, as the country embarks on a tricky path to ...
Agriculture is considered the backbone of Pakistan's economy, which relies heavily on its major crops. [1] Pakistan's principal natural resources are arable land and water. Agriculture accounts for about 18.9% [2] of Pakistan's GDP and employs about 42.3% of the labour force. The most agricultural province is Punjab where wheat & cotton are the ...
Custom duties are levied according to the rates given in the First Schedule, which includes: Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
The Utility Stores Corporation of Pakistan (USCP) is a Pakistani state-owned enterprise that operates chain stores throughout the country that provide basic commodities to the general public at prices which are lower than the open market because the government subsidizes them. [1] It is the largest chain-store entity in the country with 5,939 ...
Wheat flour is also used to make naans and other forms of bread in Pakistan. [2] It is estimated that 22 million tons of wheat is consumed in Pakistan annually. [1] When Pakistan Tehreek-e-Insaf (PTI) took over the helms of governmental affairs in August 2018, the price of the wheat flour was 50 PKR per kilogram (KG). [3]