February 16, 2022: The crisis between Ukraine and Russia, two of the world's biggest wheat and corn producers, has sent the commodities' prices on a wild ride, with anything from a diplomatic statement
February 15, 2022 (MLN): The government on Tuesday decided to increase the price of petroleum products by up to Rs12.03 per litre owing to the surge in international oil prices, a notice issued
February 15, 2022: The government is committed to promoting tax culture in the country by introducing constructive exercises such as prize schemes for the consumers, Minister for Finance and Revenue Shaukat Tarin said on Tuesday while addressing the
February 15, 2022: Ambassador of Pakistan to Bulgaria Mariam Aftab and Foreign Policy Advisor Vessela Tcherneva and Security Advisor to the Bulgarian Prime Minister Petar Petrov has reviewed the ongoing collaboration between the two countries
February 15, 2022: Hysab Kytab, a leading provider of financial management solutions announced that Hysab Kytab’s White Labelled PFM solution is now available on Temenos Exchange, the open marketplace for fintech solutions. The
February 15, 2022: Pakistani startup Energy and Automation (ENA), a company of Jaffer Business Systems (JBS) recently joined forces with Jolta Battery Private Limited, a sister company of Jolta Electric – Pakistan’s First
February 15, 2022 (MLN): In the case of Pakistan, the potential risks associated with cryptocurrency far outweigh the benefits when evaluated against the core objectives of a central bank and as a regulator
February 15, 2022 (MLN): The Federal Cabinet has decided to extend already enforced Nonpharmaceutical Interventions (NPIs) till February 21, 2022 in cities where covid positivity ratio remains above 10% for at least 3
February 15, 2022: The honourable Prime Minister of Pakistan, Mr Imran Khan launched the second phase of Raast, called the Person-to-Person instant payment system (P2P) in a ceremony in Islamabad today. Raast, a
February 15, 2022 (MLN): The Federal Cabinet has given approval for the extension on the duration of the Saindak Mine lease for another 15-years to the Chinese company working on the Saindak Gold
February 15, 2022: Federal Minister for Finance and Revenue Shaukat Tarin said on Tuesday that the government intended to announce a relief package for the middle, lower-middle and salaried class within days to help
February 15, 2022: Indus River System Authority (IRSA) Tuesday released 88,567 cusecs water from various rim stations with an inflow of 41,648 cusecs. According to the data released by IRSA, water level in
February 15, 2022: Building further on its incessant drive against smuggling, Pakistan Customs (FBR) on Feb.13, 2022, has conducted yet another successful operation in which it seized narcotics (255 KGs Opium) worth Rs80 million at
February 15, 2022 (MLN): After the first Islamabad-Tehran-Turkey (ITI) train in December 2021, the third ITI train from Pakistan has entered Turkey and is about to reach its destination, Adviser to PM for
February 15, 2022: European stock markets steadied at the open Tuesday on hopes that Ukraine and Russia will avoid a full-blown conflict. London's benchmark FTSE 100 index edged up 0.1 percent to 7,539.83 points.
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
August 27, 2021 (MLN): The trade value of food exports from the country in July’21 stood at around $243million, showing an increase of 7.38% YoY from $314.52 million in July 2020. However, on MoM basis, the
August 27, 2021 (MLN): Pakistan’s total export of textile products surged to the second-highest level of $1.47 billion, 15.6% higher than the textile exports of $1.27bn recorded in the same period the previous year. However,
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