May 09, 2022: World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and China's Covid lockdowns. Frankfurt, London and Paris each shed more
May 09, 2022: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday urged the government to tangibly incentivize and subsidize industrialization, import-substitution, exploration of new import markets for competitive imports,
May 09, 2022: The gender gap in start-up funding is quite prominent in the Pakistani ecosystem, Syed Amin-Ul-Haque, the Federal Minister for Information technology and telecommunication said while speaking as Chief Guest on
May 09, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Monday has granted the approval to revise the prices of Wheat flour (Atta) and Sugar from Rs950 per 20 kg to Rs800
May 09, 2022: Despite turbulence in global economic prices, Indonesia recorded an economic growth of 5.01 percent year-on-year in the first quarter of this year, compared to 5.02 percent it recorded during the
May 09, 2022 (MLN): The government on Monday has increased profit rates on almost all National Savings Schemes (NSSs), which would be effective from May 10, 2022. As per the details, the profit
May 09, 2022: Prime Minister Shehbaz Sharif on Monday banned the export of sugar to stabilize the stock and price of commodity in the country. The prime minister also ordered strict measures against
May 09, 2022: Prime Minister Shehbaz Sharif on Monday stressed for simplifying the process of the banking system and making it easier in order to facilitate consumers. The prime minister stated this in
May 09, 2022 (MLN): The total sales of Oil and Marketing Companies (OMCs) witnessed an increase of 32% YoY to an almost 4-years high of 2.21 million tons during April 2022. This takes
May 09, 2022: Pakistan Kuwait Investment Company (Private) Limited (PKIC) a leading development finance institution in Pakistan has entered into a strategic alliance agreement with Enertech Holding Company KSC (Enertech) a subsidiary of
May 09, 2022 (MLN): Talks between Pakistan and International Monetary Fund (IMF) is likely to hold from May 18, 2022 in Doha. The key measures to discuss will be the removal of subsidies
May 09, 2022 (MLN): Foreign exchange inflows through Roshan Digital Account (RDA) have crossed $4bn and reached at $4.2 billion by April 2022 since its launch in September 2020, showing the growing confidence
May 09, 2022 (MLN): Following an increase in freight and input costs and depreciation of the Pakistani Rupee against the US Dollar, Pak Suzuki Motor Company (PSMC) has announced a massive increase in
Market Data and Economic Indicators Weekly Performance 6-May-22 29-Apr-22 PKR InterBank 186.63 185.63 KSE100 Index 44,840.81 45,249.41 Avg Daily Volume 189,444,896 282,007,744 Gold (Karachi) Rs/10 gm 1,879 1,896 KIBOR 6M 14.87 14.81 10Y
May 08, 2022: Pakistan Hi-Tech Hybrid Seed Association Sunday demanded of the government immediate withdrawal of 17% Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor
November 18, 2021: An important meeting with Asian Development Bank (ADB) officials was held on Wednesday in Federal Board of Revenue (FBR) HQs to review the progress made on “FBR Reform Engagement with ADB” and
November 17, 2021 (MLN): Pakistan imported mobile phones worth $644.67 million during the first four months of the ongoing financial year (2021-22) compared to $557.96mn in the same period last year, showing a growth of
November 17, 2021 (MLN): Foreign direct investment in Pakistan stood at $223 million during October ’21, down by 6% MoM against the net inflow of $236mn recorded in Oct’21. Similarly, on yearly basis, it shrank
November 17, 2021: Indus River System Authority (IRSA) Wednesday released 112,307 cusecs water from various rim stations with an inflow of 45,051 cusecs. According to the data released by IRSA, the water level in the
November 17, 2021: Adviser for Prime Minister on Finance and Revenue, Shaukat Tarin on Tuesday said that the government has allocated Rs 1 trillion for the next four years for economic development and social sector
November 17, 2021 (MLN): In a recent development, the State Bank of Pakistan (SBP) has taken a move that will slash the lending capacity of the banks and contain aggregate money supply growth as SBP
November 17, 2021: Chinese Ambassador to Pakistan, Mr. Nong Rong in a meeting with the Special Assistant to the Prime Minister on Poverty Alleviation and Social Protection, Senator Dr. Sania Nishtar held here Tuesday explored
November 16, 2021: Prime Minister of Pakistan will inaugurate the Track and Trace system of the Federal Board of Revenue (FBR) for the sugar industry on 23rd November 2021 at PM House, Islamabad, a press
November 16, 2021 (MLN): Pakistan’s textile exports continued their record-breaking streak during Oct’21, depicting an upsurge of 24% YoY and 7.65% MoM. This takes the total textile exports during the first four-month of the current
November 16, 2021: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to bring forward its next meeting from the previously announced date of November 26, 2021. The MPC will
November 16, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs129.2 billion into the market for 3 days at 7.55 percent. Summary of OMO Result
November 16, 2021 (MLN): Despite a 60% increase in the sugar import volume- 90,195 metric tons (MTs) during October 21, compared to the import volume in September'21, the country is only left with 635,000 metric tons (MTs)
November 16, 2021 (MLN): With just 1.44% of the country’s total farms using modern irrigation systems in rural areas, cultivation of major crops in the country witnessed a meagre increase during the 12 years, latest
November 16, 2021: Under the reform initiatives within the Energy and Capital Markets Sectors, the government intends to move away 70% of energy production from fossil fuels to hydel-based and renewable sources by 2030, the
November 16, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Monday has approved Rs134.783 billion for payment to IPPs on the second instalment (60%) as per the payment mechanism. The meeting headed
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