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

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Japan’s 1Q GDP shrank as Omicron wave hit

May 18, 2022: Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions and higher prices. The world's third-largest economy shrank 0.2 percent quarter-on-quarter in

Govt committed to bring fiscal reforms: Minister

May 17, 2022: While informing the progress on prior actions of World Bank funded Development Policy Financing (DFP) RISE-II to the Bank’s team,  Minister of State on Finance and Revenue Dr Aisha Ghous

Banks’ deposits dip by Rs424bn in April: SBP

May 17, 2022 (MLN): The total deposits held by scheduled banks have declined slightly by 2.1% MoM or Rs424 billion to stand around Rs20.1 trillion in the fourth month of the calendar year

IRSA releases 200,079 cusecs water

May 17, 2022: Indus River System Authority (IRSA) Tuesday released 200,079 cusecs water from various rim stations with an inflow of 193,263 cusecs. According to the data released by IRSA, the water level

Weekly News Roundup

December 5, 2021 (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

Weekly Economic Roundup

December 5, 2021 (MLN): The latest weekly roundup covers the latest economic and financial data releases over the past week to keep an eye on next week's trends.  Minister for Energy Hammad Azhar said the

Govt eyeing 5pc GDP growth in FY22: Hammad Azhar

December 05, 2021 (MLN): Minister for Energy Hammad Azhar said the government is expecting the country’s gross domestic product (GDP) to grow by FY22 due to prudent policies, Radio Pakistan press release showed on Sunday. In

Denmark to invest in clean energy: Envoy

December 05, 2021 (MLN): Denmark is keen to invest in clean energy generation in Pakistan and is all set to sign a Green Development Agreement for this purpose early next year, Danish Envoy to Pakistan

Inflationary pressures to persist: IMF’s Gopinath

December 04, 2021 (MLN): The resurgence of pandemic and Omicron variant have sharply increased uncertainty around global economic prospects as several countries grapple with inflation well above their monetary policy targets, the International Monetary Fund’s Chief

Pakistan committed to GSP+ conventions

December 04, 2021 (MLN): Foreign Secretary Sohail Mahmood on Friday said that Pakistan is committed to implementing the 27 International Conventions covered under the preferential trade scheme, a press release issued by the Associated Press of

Cham Wings to begin Karachi-Damascus service

December 04, 2021 (MLN): Syrian private airline Cham Wings is set to begin Karachi-Damascus service from December 15 onwards, the company said during an inauguration ceremony held in Karachi earlier this week. “A new destination awaits

IAP, CDC for digital aggregation of insurance products

December 03, 2021 (MLN): Under the regulatory impetus of the Securities Exchange Companies of Pakistan (SECP), the Insurance Association of Pakistan (IAP) and Central Depository Company (CDC) on Friday signed an agreement for digital aggregation of

SSGC to produce 4-5mmcfd bio-gas

December 03, 2021 (MLN): Minister for Energy Hammad Azhar on Friday underlined the need for exploiting the country’s full potential of biogas to meet the energy requirements of consumers. “Pakistan has till now ignored the

SNGPL approves pipeline capacity allocation for Energas

December 3, 2021 (MLN): The board of Sui Northern Gas Pipelines Limited (SNGPL) today approved in principle pipeline capacity allocation for Energas for their upcoming LNG terminal, Hammad Azhar, Minister of Energy informed via his

SPI declines for second consecutive week

December 3, 2021 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group witnessed a drop for the second consecutive week as it recorded a decrease of 0.48% WoW during the week ended December

SSGC seeks raise in gas prices

December 3, 2021 (MLN): Sui Southern Gas Company (SSGC), the state-owned gas utility has submitted the petition to Oil and Gas Regulatory Authority (OGRA), seeking increase in gas tariff by Rs58.42 per mmbtu for the

NSS profits to rise by 1-1.75%

December 3, 2021 (MLN): Profit rates on the National Saving Schemes (NSS) are likely to increase in the range of 1-1.75% following the increase in interest rate, rate revision summary submitted by the Ministry of Finance

OMO result: SBP injects Rs1.43tr for 7 days

December 3, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) today, in which it injected Rs1,430.4 billion into the market for 7 days at 8.95%.     Amount (Rs