April 23, 2022 (MLN): Despite all-time high monthly exports of $3.7 billion, Pakistan's current account deficit (CAD) increased sharply by 98% to $1 billion in March 2022 from $519 million in February 2022,
April 23, 2022 (MLN): The economic roundup contains the recent economic developments and financial data releases over the course of the week to keep an eye on next week’s trend. Despite all-time high
April 23, 2022 (MLN): The income earned through relatively less productive avenues such as investment in land and real estate eventually increases the demand for imports that continue to drag Pakistan towards the chronic
April 23, 2022: Finance Minister Dr Miftah Ismail on Saturday reiterated the government’s commitment to attract US investment in all sectors of Pakistan’s economy by creating a business-friendly environment. He added that the
April 22, 2022: The government is focused on creating a business-friendly environment for US investors and would welcome all the suggestions as attracting the U.S. foreign investments in all sectors of Pakistan’s economy
April 22, 2022: The President of the European Commission Ms Ursula von der Leyen congratulated Mr Shehbaz Sharif on assuming the office of the Prime Minister and underlined the Commission’s desire to further
April 22, 2022 (MLN): Federal Minister for Finance and Revenue Miftah Ismail on Friday held a meeting with Executive Directors of International Monetary Fund (IMF). Minister of State Dr Ayesha Ghous Pasha, Secretary
Apr 22, 2022: USAID Mission Director Julie A. Koenen has said that the United States launched $23.5 million four-year power sector improvement project in Pakistan. The project aimed at increasing the share of
Apr 22, 2022: President Dr Arif Alvi on Friday administered oath of office to three new federal ministers and a state minister. Prime Minister Shehbaz Sharif witnessed the oath-taking ceremony held here at
April 22, 2022 (MLN): Despite the COVID pandemic 215, 776 units of cars including jeeps, SUVs, LCVs were locally manufactured last year and a target of 3 lac production would be achieved this
April 22, 2022 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined consumption group recorded a decline of 1.28% for the second consecutive week ended on April 21, 2022, mainly due to
April 22, 2022: The government has released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects during first nine months of the current fiscal year under the Public
April 22, 2022 (MLN): The country’s overall nutrients offtake jumped by 13.5% to 332,000 tonnes during March 2022 from 293,000 tonnes in the same month last year, the latest monthly report of fertilizer
April 22, 2022 (MLN): Newly-appointed Finance Minister Miftah Ismail has reached Washington where he is expected to meet International Monetary Fund (IMF) officials for the resumption of the stalled $6 billion Extended Fund
April 21, 2022: Professor Ahsan Iqbal, federal minister for Planning Development & Special Initiatives (PD&SI) expressed displeasure over the dysfunctionality of the Center of Excellence for China-Pakistan Economic Corridor (CPEC), which was supposed
November 9, 2021: High Commissioner of Nigeria Mohammed Bello Abioye has said that although an agreement was signed for setting up a joint Chamber of Commerce & Industry between Nigeria and Pakistan in 2015 no
November 9, 2021: The Cabinet approved the Strategic Trade Policy Framework (STPF) 2020-25 today. The STPF 2020-25 aims to enhance the ability of Pakistani enterprises capacity to produce, distribute and sell products and services as
November 9, 2021 (MLN): Pakistan’s overall fiscal deficit in 1QFY22 stood at 0.8% of GDP (Rs 438.49 billion) against 1.1% of GDP (Rs 484.32 bn) in 1QFY21, showing a decline of Rs46bn or 9% YoY.
November 9, 2021 (MLN): Finance Minister Shaukat Tarin on Tuesday clarified that the news regarding Prime Imran Khan dropping his plans to call International Monetary Fund (IMF) Chairman Kristalena Georgieva are “completely flawed and baseless”.
November 9, 2021 (MLN): The government only managed to collect Rs13.35 billion through the petroleum levy during the 1QFY22 as high international crude prices have narrowed collections from fuel prices, latest fiscal operations data for
November 09, 2021: Minister for Planning, Development, and Special Initiatives Asad Umar, while appreciating the contribution of the World Bank in the socio-economic development of Pakistan, said on Tuesday that the incumbent government was committed to
November 09, 2021: Pakistan's Ambassador to China, Moin ul Haque Tuesday said that the bilateral trade volume between Pakistan and China and the Pakistani exports to China would set new records by the end of this
November 9, 2021 (MLN): The State Bank of Pakistan (SBP) has rebuffed the rumours propagating on social media about Pakistani currency’s possible design change. “Some fake news regarding new designs of currency notes is circulating
November 9, 2021: At a CDWP meeting presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared three development projects with a cost of Rs. 9.168bn &recommended two projects worth Rs. 130bn to the Executive
November 8, 2021: Mian Nasser Hyatt Maggo, President FPCCI, has expressed his shock over the interest rate of up to 9% under the State Bank of Pakistan (SBP)’ SME Asaan Finance Scheme (SAAF). The SMEs
November 8, 2021: Federal Board of Revenue (FBR) in collaboration with the United Nations Office on Drugs and Crime (UNODC) organized outreach and capacity-building sessions for Designated Non-Financial Businesses and Professions (DNFBPs) to ensure AML/CFT
November 8, 2021 (MLN): With changing world order, the countries are looking beyond the historic events, to reap maximum benefits by exploring the existing potential in terms of bilateral relations. Despite having bitter-sweet relations owing to some
November 8, 2021: The senior representatives of JP Morgan Mr. Asif Raza- Managing Director, Global Corporate Bank CEEMEA along with Mr. Imran Zaidi- Managing Director, Global Corporate Bank MENA and Mr. Amin M. Khawaja, Chief
November 8, 2021 (MLN): Pakistan has been ranked first in The Economist’s World Normalcy Index, out of 50 countries. The Economist’s “normalcy index” aims to track which countries are returning to their pre-pandemic levels, while
November 8, 2021 (MLN): Obtuse social media commentary from the ruling party aside, ordinary Pakistani is being crushed under the weight of inflation. Elevated food and energy prices have forced people to cut down their
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