June 29, 2022 (MLN): The National Assembly on Wednesday has passed an amendment to impose a Rs50 per litre levy on petroleum products, Dawn reported today. Commenting on the above development, Finance Minister
June 29, 2022: Indus River System Authority (IRSA) Wednesday released 199,937 cusecs water from various rim stations with an inflow of 202,295 cases. According to the data released by IRSA, the water level
June 29, 2022 (MLN): International Monetary Fund (IMF) has set four tough conditions to revive stalled $6 billion loan program, Express Tribune reported today. These conditions were an increase in electricity tariffs, imposing
June 29, 2022 (MLN): The coalition government has started consultation on procuring Russian oil and gas at much cheaper rates than currently available in the international market. In this regard, the Petroleum Division
June 28, 2022 (MLN): ICT export remittances including telecommunication, computer and information services have dropped by 27% MoM to $183 million in May 2022, the lowest monthly number since February 2021, data revealed
June 29, 2022 (MLN): Pakistan received fresh external loans of $13.54 billion in 11 months of the ongoing fiscal i.e., July- May FY22 from multiple financing sources against the annual budget estimates of
June 28, 2022 (MLN): The All Pakistan Textile Mills Association (APTMA) on Tuesday requested Prime Minister Shehbaz Sharif to announce competitive prices of electricity and gas for the textile sector before June 30,
June 28, 2022: Deputy High Commissioner of Bangladesh in Karachi S.M. Mehboob-ul-Alam invited Pakistani businessmen to invest in Bangladesh as there exist potential opportunities in various economic sectors. Speaking at a seminar here,
June 28, 2022 (MLN): Pakistan’s trade deficit in services deteriorated by 2.87x YoY to $380 million in May 2022 from $132mn in the same month of the previous year, the monthly data released
June 28, 2022 (MLN): The Real Effective Exchange Rate (REER) index was recorded at 93.57 in May 2022, showing a drop of 2.40% compared to 95.87 in April 2022, the latest monthly data
June 28, 2022: The Securities and Exchange Commission of Pakistan (SECP) has initiated the process of constituting the panel of audit firms to conduct statutory audits of certain entities registered or licensed with
June 27, 2022 (MLN): Pakistan’s current account deficit (CAD) was recorded at $1.4 billion in May 2022, showing a jump of 2.3x when compared to a deficit of $618 million in April 2022,
June 27, 2022: Mr. Chen Yuncheng, the CEO of Industrial and Commercial Bank of China (ICBC) Karachi Branch said the efforts made by ICBC Pakistan to create awareness and understanding of RMB among the
June 28, 2022: The European Central Bank will go “as far as necessary” to fight inflation that is set to remain “undesirably high” for “some time to come”, its president said Tuesday. Soaring
June 28, 2022 (MLN): The amount of tax collection by the Federal Board of Revenue (FBR) for the first time reached Rs6 trillion in the fiscal year to date (FYTD). Last week, the
January 31, 2022: The Executive Committee of the National Economic Council (ECNEC) here on Monday approved the Punjab Arterial Roads Improvement Programme (PARIP) worth Rs. 129,944.15 million (US$ 773.20) to improve road infrastructure in the
January 31, 2022: Gas & Oil Pakistan Limited (GO), Pakistan’s fastest-growing oil marketing company has announced that it has decided to increase the salaries of its employees by up to 50%. Making the announcement, CEO,
January 31, 2022: Mr. Ghias Khan, President & Chief Executive Officer, Engro Corporation Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2022 term, a
January 31, 2022 (MLN): In response to the news circulating on social media that Economic Affairs Division (EAD) has prepared a plan for obtaining $5 billion new loans from China, Russia and Kazakhstan, the ministry
January 31, 2022 (MLN): Pakistan has decided to seek $5 billion in loans from China, Russia and Kazakhstan to stabilize its decreasing foreign exchange reserves. According to the media reports, Pakistan plans to borrow $3
January 31, 2022: Adviser to Prime Minister on Commerce, Abdul Razak Dawood says Pakistan’s textile exports are set to swell to a record after gaining an edge over South Asian rivals during the corona pandemic.
January 30, 2022 (MLN): The highlights of the important economic and business events that took place during the last week are in order so as to become acquainted with the recent developments in Pakistan’s economic
January 30, 2022 (MLN): Given a sharp rise in the crude oil price- which contributes the most to inflationary pressure around the globe, there are no signs that Pakistan’s yearly inflation would ease anytime soon
January 30, 2022 (MLN): The financial highlights of the country are brought to light with the economic and financial data releases over the course of the week. The weekly Sensitive Price Indicator (SPI) for the
January 29, 2022 (MLN): Chairman Finance and Revenue Committee Faiz Ullah Kamoka during his visit to KCCI informed that the Prime Minister has agreed to form a task force that will be a mediator between all the departments
January 29, 2022: Khawaja Shahzeb Akram, SVP FPCCI, has demanded that the unfair and burgeoning sales tax imposition on solar power equipment should be exempted for the consignments whose Letters of Credit and Bills of
January 28, 2022: After the successful launch of its digitized National Sales Tax Return (NSTR) last month, FBR achieved one more milestone as it has signed an MoU with the Central Board of Revenue (CBR),
January 28, 2022 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group witnessed a drop for the third consecutive week, going down by 0.11% WoW for the week ended January 27, 2022, weekly
January 28, 2022 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs600 billion into the market for 7 days at 9.87 percent. Summary of OMO Result
January 28, 2022 (MLN): Senate of Pakistan, on Friday has approved SBP amendment Bill 2021, as 44 votes were cast in favour of the bill compared to 43 against the bill. Having the SBP amendment
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