February 13, 2022: Continuing a relentless anti-smuggling drive, Pakistan Customs (FBR), Collectorate of Appraisement Peshawar, Custom Station Torkham intercepted a Truck bearing Reg. No.RIJ-9175 came from Afghanistan which resulted in the recovery of
February 11, 2022 (MLN) Prime Minister Imran Khan has approved the extension in the term of Mr Arif Usmani as President and Chief Executive Officer (CEO) of National Bank of Pakistan (NBP), said a
February 11, 2022: The Federal Board of Revenue (FBR) has introduced innovated Point of System (PoS) for monitoring sales made by tier-1 retailers across Pakistan. The POS verified Invoices shot Up three times as Campaign
February 11, 2022: Building on its momentum to maximize tax compliance, the Federal Board of Revenue’s Inland Revenue Enforcement Network (IREN) Squads, has seized 93.52 million illegal cigarettes worth Rs225.38mn involving duties and
February 11, 2022 (MLN): Workers’ remittances rose to $18 billion during 7MFY22 which was 9.1% higher than the same period last year, Central Bank data showed on Friday. In January 2022, remittances moderated to
February 11, 2022 (MLN): The sale of passenger cars witnessed a slash of 30.6% MoM during January 2022, clocking in at 16,985 units as opposed to 24,471 units sold in December 2021 on
February 11, 2022: To facilitate growth in the mutual funds industry, the Securities and Exchange Commission of Pakistan (SECP) has prescribed the regulatory framework for Fixed Rate Mutual Fund through Circular No 3 of
February 11, 2022 (MLN): Wilmar Pakistan Holdings Pte Limited (WPH) has subscribed an additional 170,442,333 shares of Unity Foods Limited, the company’s filing on bourse showed today. Following this, the total direct and
February 11, 2022: The International Energy Agency on Friday raised its forecast for world oil demand in 2022 but warned of a “chronic” failure by OPEC and its allies to meet their output
February 11, 2022: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on February 10, for the combined consumption group, witnessed decrease of 0.08 percent as compared to the previous
February 11, 2022 (MLN): In order to ease exports to Afghanistan, the Ministry of Commerce (MoC) has allowed export settlement of fourteen items in the Pakistani Rupee (PKR), Adviser to Prime Minister for
February 11, 2022: Britain's economy grew by a record 7.5 percent last year on easing Covid curbs after a pandemic-driven collapse, official data showed Friday, but analysts warned that sky-high inflation clouds the
February 11, 2022: The Senate was informed on Friday that Pakistan will start using the Saudi oil facility on deferred payment from next month. Responding to various questions during Questions Hour session in
February 11, 2022: European stock markets opened lower on Friday following falls in Asia and Wall Street over fears the Federal Reserve will move more aggressively to tighten monetary policy to tame decades-high
February 11, 2022 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs792.8 billion into the market for 7 days at 9.81 percent. Summary of
August 30, 2021: The 16th Board of Directors’ meeting of Public-Private Partnership Authority was held on 27th August 2021 here in Islamabad under the Chairmanship of Mr. Asad Umar, Minister for Planning, Development, and Special
August 29, 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
August 29, 2021 (MLN): The financial highlights of the country are brought to light with the economic and financial data releases over the course of the week. Pakistan’s overall fiscal deficit in FY21 stood at
Market Data and Economic Indicators Weekly Performance Aug 27, 2021 Aug 20, 2021 PKR InterBank 165.6240 164.1838 KSE100 Index 47,136.53 47,599.82 Avg Daily Volume 383,899,018 265,573,109 Gold (Karachi) Rs/10 gm 94,136 93,879 KIBOR 6M
August 28, 2021: Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over a Press Conference regarding formation of short, medium, and long-term plans across different sectors of the economy under the umbrella of
August 28, 2021: Adviser for Commerce and Investment, Abdul Razak Dawood and the United States Secretary Commerce, Gina M. Raimondo on Friday held a telephonic conversation to discuss issues for the promotion of trade and
August 28, 2021 (MLN): The export volume of Chemical and Pharmaceutical Products escalated by 61.37% YoY to clock in at $121.52million during July’21 while, the export of the similar group plummeted by 13% YoY. Primarily,
August 27, 2021 (MLN): The net sale of securities for the week ended August 20, 2021 clocked in at Rs.1.66 billion, whereas last week, the accounts observed a net purchase of Rs.252.49 million. According to
August 27, 2021 (MLN): The import bill of petroleum products during the month of July’21 stood at $1.33billion, surged by 77% YoY whereas on MoM basis, the import of the same group decreased by almost
August 27, 2021: Indus River System Authority (IRSA) Friday released 274403 cusecs water from various rim stations with an inflow of 262946 cusecs. According to the data released by IRSA, the water level in the
August 27, 2021 (MLN): Pakistan’s overall fiscal deficit in FY21 stood at 7.1% of GDP (Rs3.4trillion) against 8.1% of GDP (Rs3.37tn) in FY20, showing a decline of Rs27bn or 1% YoY. This was largely in
August 27, 2021 (MLN): With a contribution of 15.74% to the total import bill during the month of July’21, the import bill of the machinery group surged by 30% YoY to $881million. However, according to
August 27, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.22% during the week ended Aug 26, 2021 while the SPI increased by 12.67% compared to the corresponding period
August 27, 2021: The Advisor to the Prime Minister on Commerce and Investment, Abdul Razzak Dawood held a meeting with the members of Pakistan Mobile Phone Manufacturers Association (PMPMA) and other leading manufacturers and assemblers
August 27, 2021: Federal Minister for Privatisation Mohammedmian Soomro chaired the Privatisation Commission Board meeting today in Islamabad. The agenda regarding the pre-qualification criteria of investors for Pakistan Steel Mills Corp. (PSMC) revival, auction result
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