March 18, 2019 (MLN): The government sector’s net borrowing during current fiscal year (FY19) has accumulated to an amount of Rs.775.95 billion as of March 8, 2019, reported the State Bank of Pakistan
March 18, 2019 (MLN): Public sector spending in the first eight months of the current fiscal year amounted to Rs 373 billion. This means that out of the total allocation of Rs 675
March 18, 2019: Foreign Minister Shah Mahmood Qureshi is paying a four-day visit to China from today, to attend the First Pakistan-China Foreign Ministers’ Strategic Dialogue. A Foreign Office press statement said both
March 18, 2019: Asian markets rose Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade talks, while attention turns to the Federal Reserve's next policy meeting
March 18, 2019 (MLN): National Electric Power Regulatory Authority (NEPRA) is likely to increase fuel price adjustment for February 2019. According to a notice issued by NEPRA, Central Power Purchasing Agency Guaranteed Limited
March 18, 2019: Prime Minister Imran Khan has said a three week consultative process on ten year development plan for former FATA is being initiated. In a tweet today, he said the process
The government will introduce first-ever national emigration policy to devise comprehensive strategies to regulate welfare process of intending emigrants. According to the officials of the Ministry of Overseas Pakistanis and Human Resource Development,
March 18, 2019: Finance Minister Asad Umar says talks with the International Monetary Fund are in final stages. Talking to media in Islamabad, he said the government will have further negotiations with the
By Muzzammil Aslam PTI policy makers have not distracted from its policy set, yet to please any segment belongs to businesses, internal government, bureaucracy, bilateral partners or international multilateral agencies (including IMF). The
March 17, 2019: Pakistan imported medicinal product worth $656.092 million during the first seven months of current fiscal year, showing growth of 9.74 percent, when compared to the import of $597.844 million during
March 17, 2019: The Gross Domestic Product (GDP) is expected to grow at an average of 5.4 percent during the next five years, with highest growth of 6.7 percent to be witnessed in
March 17, 2019: Pakistan Standards Quality Control Authority (PSQCA) has issued around 27 licenses to the carbonated beverage companies for selling different kind of drinks during the last three years. The companies including
March 17, 2019: As many as 3.41 million of Pakistani workforce were sent abroad for different jobs during the last five years, the data shared by Bureau of Emigration and Overseas Employment revealed.
The departed week remain satisfactory from an economic perspective, as the Chairman of Securities and Exchange Commission Pakistan (SECP), Mr. Farrukh Sabzwari together with the World Bank launched a Corporate Sector Report on
ISLAMABAD, March 17: Pakistan is determined to start practical work on its section of the multi-billion dollar Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project during the current year and complete it within the stipulated time
Committee to announce Monetary Policy tomorrow; status-quo expected The State Bank of Pakistan (SBP) has said the monetary policy will be announced on Friday, September 29th. Experts are of opinion that, given the inflation has
According to a report by Asian Development Bank, the region is expected to need more than 1.5 trillion USD in the next 15 years to continue to growth momentum, reduce poverty, and respond to climate
Sindh Chief Minister Syed Murad Ali Shah taking serious note of sky-rocketing prices of tomato, onion and others vegetables has directed agriculture department to intervene into market by reducing the role of middlemen and control
A World Bank delegation called on the President/CEO National Bank of Pakistan, Mr. Saeed Ahmad. The World Bank team was led by Ms. Korotoumou Ouattara (Senior Financial Sector Economist), Mr. Adrey Milyutin (Senior Housing Finance Specialist), Ms.
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail on Wednesday said agricultural trade has gained importance in these times offering new opportunities and challenges. He said that Pakistan is also doing
Spokesman of the Finance Division has strongly contradicted a report titled: “WB suspends support loans for Pakistan”. A section of media carried the report on 25th September and it said that the World Bank had suspended
Looming concerns over an expected interest rate hike in December brought down the prices of Gold slightly down as investors weigh the market information to gather a sense of future outlook. Stronger dollar continues to
Brent prices in the international markets have been hovering around their 2 year highs as worries mount over Turkey blocking Iraqi oil exports from its ports. Turkey threatened to cut off the pipeline that carries
A release by State Bank of Pakistan revealed that, total Dividend payments/Profits 332 mill USD during Jul-Aug, FY18. Dividend payments of Total FDI went up by 63% during the year, compared to total amount OF
According to the Pakistan Central Cotton Committee data, heavy rains in Thatta, Badin, Tharparkar, Umerkot, Mirpur Khas and Sanghar Districts have damaged the quality of Cotton, lowering the seed cotton prices in the respective districts.
Global Competitiveness Report, edited by Professor Klaus Shcwab released on 26th September, 2017 has elevated Pakistan’s ranking in Global Competitiveness Index to 115th position up from last year’s 122nd rank. The report mentions that, South
The Asian Development Bank (ADB) and the Beijing-based Asian Infrastructure Investment Bank (AIIB) can cooperate to meet Asia's infrastructure financing needs, ADB chief economist Yasuyuki Sawada said here on Tuesday. Infrastructure needs in Asia and the Pacific are
World Bank delegation comprising of Senior Urban Economist Ms. Yoonhee Kim, Global Lead City Management and Finance Roland White, Senior Public Sector Specialist Raju Awasthi and others called on Mayor Karachi Wasim Akhtar in his
The special central judge has Tuesday announced to indict former Securities & Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi on October 4 in the record tampering case of Sharif family’s Chaudhry Sugar Mills. Judge Irum Niazi
Ministry of Communications has launched most of its projects in Baluchistan among all provinces. Baluchistan will be connected with other provinces, with new projects very soon. It was briefed to the Standing Committee by NHA. It was told to
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