July 13, 2022: Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data showed a surge in US inflation last month, convincing investors
July 13, 2022: US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden, whose approval ratings have taken a battering
July 13, 2022: The Pakistan Agricultural Research Council (PARC) has developed six commercial varieties of beans, which will help reduce reliance on imported pulses, besides increasing farm income. “These are the first commercial
July 13, 2022: Russia and Ukraine were due Wednesday to hold their first talks with UN and Turkish officials aimed at breaking a months-long impasse over grain exports that has seen food prices
July 13, 2022 (MLN): With earnings season right around the corner, the local auto makers are likely to witness suppress earnings in 4QFY22 as the impact of super tax will more than offset
July 13, 2022 (MLN): Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) to resume its loan program, Bloomberg reported today, citing sources familiar with the matter. As per the
July 13, 2022 (MLN): It was certain that the Monetary Policy Committee (MPC) of the State Bank of Pakistan would raise the policy rate but by how much magnitude was the real question.
July 13, 2022 (MLN): Following the approval of the Economic Coordination Committee (ECC) related to the hike in gas prices by 43% to 235%, the weighted average gas price is estimated to increase
July 13, 2022: Russian and Ukrainian officials were to hold talks in Istanbul on Wednesday over stalled grain deliveries that have pushed global food prices skywards, while Kyiv said it had destroyed a
July 13, 2022: Sri Lanka is mired in a deep political and economic crisis, and on Wednesday, the country's president flew out of the country days after a huge crowd of protesters stormed
July 10, 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
July 08, 2022 (MLN): The weekly economic roundup summarizes the country's key economic and financial data for the week from various sectors to keep an eye on next week's trends. The Monetary Policy
Jul 07, 2022: Federal Minister for Finance and Revenue Miftah Ismail on Thursday said declining trend in international food and fuel prices would help bring down commodity rates in Pakistan. Addressing a press
July 7, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has directed TCP to float fresh tender for import of 300,000 MT of wheat. The Ministry of National Food Security and
July 7, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has approved the proposed revision in consumer gas sale prices with the direction to further reduce the gas rates for export
Feb 09, 2022: The Competition Commission of Pakistan (CCP) and the Pakistan Institute of Corporate Governance (PICG) Tuesday signed a Memorandum of Understanding (MoU) on cooperation, collaboration, and capacity development for strengthening corporate governance and
February 8, 2022 (MLN): The federal government on Tuesday, assured K-Electric investors that it will remove obstacles in the sale of the company’s majority shares to Shanghai Electric Power. According to Express Tribune, a delegation
February 8, 2022: In a historic development Federal Board of Revenue has taken a watershed initiative to ensure facilitation in filing of tax return by new taxpayers for Broadening of Tax Base by signing a
February 08, 2022: Minister for Energy Hammad Azhar Tuesday said the Liquefied Petroleum Gas (LPG) air-mix plant would be made operational in Gilgit within a period of six months. The minister set the six-month timeline
February 8, 2022 (MLN): Finance Division on Tuesday said that further actions for the successful completion of the IMF program in Sep’22 will be subject to discussions in the forthcoming reviews. Following the issuance of
February 8, 2022: The Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan, revealed its plan to organize the ‘Pakistan Climate Conference 2022’ on 16 March 2022
February 08, 2022: Meezan Bank and Pakistan Kuwait Investment Company (Pvt) Limited – led Long Term Sukuk transaction, structured for Enertech, received two prestigious awards including ‘Pakistan Deal of the Year’ and ‘Most innovative Deal
February 8, 2022 (MLN): Consumers’ confidence in the country increased slightly by 0.7% during January 2022, indicating improving consumer sentiments, according to a survey report released by SBP. The results of the latest Consumer Confidence
February 08, 2022: Federal Minister for Economic Affairs, Omar Ayub Khan on Monday appreciated the Japanese government for providing continued economic and technical assistance to Pakistan. Ambassador of Japan to Pakistan, Mitsuhiro Wada called on
February 07, 2022 (MLN): The citizens of Karachi have started observing dramatic improvement in gas pressures after the operation against illegal pumps and compressors installed in multiple industrial units in Karachi, said Hammad Azhar in
February 07, 2022: Prime Minister Imran Khan on Monday principally approved the formation of Pakistan Cotton Authority to ensure the provision of quality seed, monitoring and enhancing the yield. The prime minister, chairing a meeting to
February 07, 2022: Pakistan and the Kingdom of Saudi Arabia (KSA) on Monday reiterated the importance of further strengthening and diversifying bilateral cooperation in various areas of mutual interest during a meeting between President Dr
February 07, 2022: Pakistan has proposed an ambitious plan to build the semiconductors zone with the help of China, converting Pakistan to self-sufficiency in modern gadgets and opening new avenues for development, said Federal Minister for
February 07, 2022: The Governor of the State Bank of Pakistan, Dr Reza Baqir, expressed his gratitude to the Pakistani diaspora in the Kingdom of Saudi Arabia (KSA) for their tremendous support of the State
February 07, 2022 (MLN): In order to enhance the efforts to meet the revenue targets for the current fiscal year 2021-22, the Federal Board of Revenue (FBR) has announced that all field formations will remain
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