December 21, 2021 (MLN): The ongoing supply disruption of Urea has created a spell of worry among local farmers as they have to pay more (Rs600-700 per bag) than its actual price, as
December 21, 2021: European equities rebounded by 1.0 percent on Tuesday after the previous day's sharp global selloff that was rooted in concerns over Omicron economic fallout. London's benchmark FTSE 100 index of
December 21, 2021 (MLN): USA remained as the top export destination for Pakistan with $2.68billion worth of shipments in Jul-Nov FY22, against the exports of $1.85 billion in the same period of last
Dec 21, 2021: Oil and Gas Development Company Limited (OGDCL) has carried out 336 Line-kilometer 2D seismic surveys in its various operational areas during first quarter of the current fiscal year, representing 42
December 21, 2021: The Executive Board of the International Monetary Fund (IMF) approved on December 15, 2021, a fifth and final tranche of debt service relief under the Catastrophe Containment and Relief Trust
December 21, 2021 (MLN): The incumbent government will pay $55billion of the total debt payments during its five years tenure compared to $27bn paid by the preceding government, Fawad Hussain Chaudhry, Federal Minister
December 21, 2021 (MLN): Pakistan’s trade deficit in services widened by 5x YoY to $249 million during the month of November 2021 from $49mn in the same month of the previous year, the
December 21, 2021: Pakistan is committed to early completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, President Dr. Arif Alvi said while talking to the visiting Foreign Minister of Turkmenistan, Mr. Meredov Rashid Ovezgeldiyevich,
December 20, 2021 (MLN): Pakistan’s current account deficit widened slightly by 8% MoM to stand at $1.9 billion in November 2021 from $1.76bn in October 2021 as imports outstripped strong exports & robust
December 20, 2021 (MLN): The State Bank of Pakistan (SBP) has set a credit disbursement target for the agriculture sector at Rs1.7trillion for FY22, which is 21% higher from FY21, SBP tweeted today.
December 20, 2021: Turkey's troubled lira nosedived Monday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilize the currency. Erdogan has pushed the central bank to
December 20, 2021 (MLN): Neither Pakistan was near to bankruptcy in the past nor there is any likelihood for this to happen in the future, Dr. Shahid Hasan Siddique, Senior Economist and Chairman Research
December 20, 2021 (MLN): Central Power Purchasing Agency (CPPA) has proposed an increase of Rs4.3329/kWh over the reference fuel charges of Rs3.738/kWh under fuel price adjustment for the month of November 2021 for
December 20, 2021 (MLN): Power generation increased by 13.4% YoY to 8,482 GWh during Nov’2021 compared to 7,479 GWh in Nov’20, backed by the higher generation from hydel, nuclear, and coal, monthly power
December 20, 2021 (MLN): Pakistan imported mobile phones worth $212mn during November 2021, showing a growth of 28% YoY and 41.6% MoM, according to the latest data released by Pakistan Bureau of Statistics
June 21, 2021 (MLN): Pakistan’s imports stood at $5.31 billion in the month of May 2021 with major contributions were associated with petroleum products, mobile phones, electrical machinery and plastic materials. According to the data
June 21, 2021 (MLN): The Financial Action Task Force (FATF), the global anti-money laundering watchdog is set to hold its virtual Plenary later this week on June 25, a press release said on Monday. The
June 21, 2021 (MLN): Saudi Arabia has agreed to resume oil assistance to Pakistan worth at least $1.5bn annually in July, Financial Times (FT) reported on Monday. This oil facility would help ease the external account position
June 21, 2021 (MLN): The trade value of food exports from the country in May’21 stood at around $243million, showing a decline of 24.49% YoY from $321.4mn in May 2020. Similarly, on MoM basis, the group
June 21, 2021 (MLN): The total export of textile products witnessed a fall in the month of May 2021 as it declined by 20.5% MoM to clock in at $1.06 billion. When compared with the
June 21, 2021: Special Assistant to the Prime Minister on Food Security Jamshed Iqbal Cheema says the government has allocated funds of 33 billion rupees for the uplift of the agriculture sector. Talking to newsmen
June 21, 2021: Prime Minister Imran Khan says Dasu Hydro Power Project is one of the projects which will immensely benefit the country upon their completion by 2028. In a pinned tweet with a video
June 21, 2021: Minister for Finance Shaukat Tarin says the government has allocated huge funds for development projects and social sector improvement. Talking to PTV, he said health sahulat cards, loans for farmers and youth,
Market Data and Economic Indicators Weekly Performance Jun 18, 2021 Jun 11, 2021 PKR InterBank 156.8926 155.7430 KSE100 Index 48,238.67 48,304.72 Avg Daily Volume 1,049,398,093 1,079,056,832 Gold (Karachi) Rs/10 gm 91,992 94,736 KIBOR 6M
June 20, 2021 (MLN): The latest weekly roundup is here to update few financial and economic releases, providing a guide to monitor trends in the upcoming week. The Weekly Sensitive Price Indicator (SPI) for the
June 20, 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
June 19, 2021 (MLN): After attracting indignation from livestock farmers, bodies representing the livestock sector, and food experts, the government have decided to withdraw the increase in general sales tax (GST) on dairy products and
June 19, 2021 (MLN): Pakistan's trade deficit for 11months (July-May) FY21 was USD27.463 billion compared to a deficit of USD21.054 billion from the corresponding period from FY20, depicting a growth of 30% YoY. According to
June 19, 2021 (MLN): Electricity generation in May rose by 8.3% year-on-year to 13,010 GWh, the latest data released by the National Electric Power Regulatory Authority (Nepra) showed on Saturday. On a month-on-month basis, generation
June 19, 2021: The World Bank’s Board of Executive Directors approved $442 million on Friday in financing to support Pakistan in improving access to water and sanitation services for the most vulnerable rural communities in
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