July 28, 2022: Ukraine has restarted operations at its blockaded Black Sea ports as it moved closer to resuming grain exports with the opening of a coordination centre to oversee a UN-backed deal. Progress
July 27, 2022: The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are
July 27, 2022 (MLN): The State Bank of Pakistan (SBP) has raised Rs1 trillion through the auction of three, six, and twelve-month T-bills against the target of Rs650 billion while the cut-off yields
July 27, 2022 (MLN): Pakistan’s trade deficit in services widened by 2.5x YoY to $727 million in June 2022 compared to the deficit $293mn recorded in June 2021, the monthly data released by
July 27, 2022 (MLN): Pakistan’s current account deficit (CAD) was recorded at $17.4 billion in FY22, up by a whopping 6.2x YoY when compared to a deficit of $2.8bn in FY21, mainly on
July 27, 2022 (MLN): Emerging Asia's economies will still grow this year, but inflation will be a bigger hurdle as these economies have done so well to intact the growth. However, the road
July 27, 2022: Federal Minister for Planning, Development & Special Initiatives Professor Ahsan Iqbal urged the Parliamentarians to play their role in achieving Sustainable Development Goals (SDGs) to eliminate poverty and hunger from
July 27, 2022 (MLN): The due-diligence process and on-site visits of the pre-qualified parties for the privatisation of Pakistan Steel Mills (PSM) have been started, Privatization Committee (PC) informed Federal Minister and Chairman
July 27, 2022 (MLN): The State Owned Enterprises (SOEs) have persistent issues that need to be resolved to improvise efficiency, Federal Minister for Finance and Revenue Miftah Ismail said while addressing the seminar
July 27, 2022 (MLN): Pakistan sovereign credit is under renewed pressure as bonds yields surge to levels last seen during the Global Financial Crisis, said JP Morgan in its latest report. “Pakistan with
July 27, 2022 (MLN): Pakistan’s Eurobonds continue to take a beating and have come under further pressure in July, despite the government managing to sign a Staff Level Agreement (SLA) with the IMF
July 27, 2022 (MLN): Pakistan is expected to secure $1.2 billion from the International Monetary Fund (IMF), according to Fitch Ratings and Moody’s Investor Service, which may help ease pressure on the nation’s
July 27, 2022: The government of Pakistan has allowed banks, DFIs and MFBs to disburse financing as per existing terms of MPMG in respect of cases approved and meeting any of the following
July 26, 2022 (MLN): Pakistan’s imports as of July 25 were recorded at $3.758 billion, Minister for Finance and Revenue, Dr Miftah Ismail on Tuesday said. “ Our total imports are likely to
July 26, 2022: The spokesperson of Ministry of Power on Tuesday said that the additional tax included in the commercial electricity bills was the sales tax. The spokesperson in a statement clarified that
February 25, 2022: Despite considerable international geopolitical downside risks and emerging commodities supercycle phenomena, the government on Friday said that Pakistan's economy would reach around the original National Economic Council (NEC) economic growth target of
February 25, 2022 (MLN): The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on February 24, for the combined consumption group, witnessed a slight increase of 0.51 percent as compared to the
February 25, 2022 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during January 2022, followed by United Arab Emirates (UAE), Indonesia, Singapore, and the USA. According to the
February 25, 2022: The Skolkovo Foundation, Russia’s principal agency for the development and commercialization of advanced technologies and the Special Technology Zones Authority (STZA) of Pakistan have signed a Letter of Intent (LOI) to enhance
February 25, 2022 (MLN): Though Pakistan’s exports to the USA have witnessed a 16% MoM decline during the month of January 2022, the country has emerged as the top export destination for Pakistan with $539
February 25, 2022 (MLN): The total debt of the central government during the month of December 2021 surged by Rs5.28 trillion or 14.6% YoY to clock in at Rs41.56tr against Rs36.27tr recorded in December 2020,
February 25, 2022 (MLN): The import bill of the petroleum group for the month of January 2022 shrank by around 25% MoM to stand at Rs1.1 billion, compared to Rs1.45bn in December 2021. However, on
February 24, 2022 (MLN): The total liquid foreign exchange reserves held by the country dropped by $264 million or 1.1% WoW to stand at $23.2 billion during the week ended on February 18, 2022, compared to
February 24, 2022 (MLN): Pakistan’s trade deficit in services widened by 2.5x YoY to $406 million during January 2022 from $162mn in the same month of the previous year, the monthly data released by the
February 24, 2022 (MLN): Pakistan's current account deficit (CAD) rose to $2.6 billion in January 2022 from $1.9bn in December 2021, largely due to imports in kind that are fully financed, the central bank said
February 24, 2022 (MLN): Chaudhry Fawad Hussain, Federal Minister for Information & Broadcasting clarified that speculations about prime minister Imran Khan’s visit end to Russia are misplaced. In his tweet on Thursday, he said, “Speculations
February 24, 2022: Pakistan’s Prime Minister Imran Khan is ending his two-day visit to Moscow hours after Russian forces attacked targets across Ukraine, according to associated press (AP). The prime minister was accompanied by a
February 24, 2022: Indus River System Authority (IRSA) Thursday released 112,915 cusecs water from various rim stations with an inflow of 63,133 cusecs. According to the data released by IRSA, Tarbela Dam water inflow and outflow
February 24, 2022: Pakistan's Consumer Confidence Index (CCI) increased to 77 points in Q4 2021, compared to 70.8 points in Q3 2021, translating into an 8.8% QoQ increase, according to the latest report issued by
February 24, 2022: Union Microfinance, a new entrant in the microfinance industry, launched its first branch today in Karachi. Union Microfinance was established with the mission to tap the unbanked population and bring them into
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