Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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SPI jumps for fourth straight week

March 11, 2022 (MLN): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on March 10, for the combined consumption group, increased for the fourth straight week by 0.52% as compared to

ECC approves Rs747.5mn supplementary grant to SSGCL

March 11, 2022 (MLN): Economic Coordination Committee (ECC), in a meeting, has approved supplementary grant amounting to Rs747.539 million in favor of Petroleum Division for further releasing to SSGCL to undertake 85 villages/localities in the

World bank approves $435mn for three projects in Pakistan

March 11, 2022: The World Bank’s Board of Executive Directors today approved $435 million in financing for three projects in Pakistan; the Pakistan Housing Finance project, the Punjab Urban Land Systems Enhancement project, and the

Pakistan can tap $15bn revenue opportunity amid Russia crisis

March 11, 2022 (MLN): Pakistan can tap $15bn revenue opportunity of technology outsourced to US and European technology companies amid Ukraine-Russia crisis. For the unversed, Ukraine, Belarus, and Russia are key markets for outsourced technology

NEPRA notifies Rs 5.94 per unit increase in power tariff

Mar 10, 2022: National Electric Power Regulatory Authority (NEPRA) on Thursday notified Rs 5.94 per unit increase in power tariff for January under monthly fuel cost adjustment (FCA) mechanism. The Authority announced the decision after

Workers’ remittances rise to $20.1bn in 8MFY22

March 10, 2022 (MLLN): Workers’ remittances have shown a growth of 7.6% YoY to $20.1 billion during the eight months of FY22 compared to the same period last year, latest data issued by State Bank

Car sales grow by 6% MoM in February

March 10, 2022 (MLN): The sale of passenger cars witnessed a rise of 6% MoM during February 2022, clocking in at 18,054 units as opposed to 16,985 units sold in January 2022, the monthly data

Private sector borrowing clocks in at Rs7.6tr in 7MFY22

March 10, 2022 (MLN): Private Sector borrowing during the Jul-Jan FY22 period reached Rs7.6 trillion against Rs6.48tr in the same period of the corresponding year, up by 17.28% YoY, the Central Bank data showed. Going

Pak-China automobile JV creates more economic activities

Mar 10, 2022: MG Motors Pakistan, a joint venture between JW-SEZ Group and SAIC Motor, is building a 260,000-square-meter manufacturing plant in Lahore's Special Economic Zone, which is expected to be officially opened in August

SME exporters seek export credit guarantee

March 10, 2022 (MLN): The Small and Medium Enterprise (SME) exporters feel handicapped due to lack of Export Credit Guarantee (ECG) therefore, a full-fledged export credit guarantee is needed to cover losses due to non-realization