January 2, 2022 (MLN): In order to meet the petroleum levy target agreed with International Monetary Fund (IMF), the government has increased petrol prices by Rs4 per litre till January 15, said a
January 1, 2021: Accomplishing a result-oriented anti-smuggling operation due to enhanced vigilance on all export consignments, the Collectorate of Customs Appraisement, Quetta seized illegal urea fertilizers worth Rs7.2 million being smuggled to Afghanistan,
January 1, 2022 (MLN): Pakistan's yearly inflation rate (new base 2015-16) in December 2021 hit 22-months high at 12.3% compared to 11.53% in November 2021 and 8% in December 2020, data issued by
Jan 01, 2022: Wishing Pakistanis, a happy new year, the Asian Development Bank (ADB) country director Yong Ye said the Bank committed US$2.3 billion for Pakistan in the outgoing calender year 2021. In
Jan 01, 2022: The Cabinet Committee on Privatization (CCoP) Friday discussed the proposal for divestment of government of Pakistan’s shares in Mari Petroleum Company Limited and decided to omit Mari Petroleum Company Limited
Jan 01, 2022: Minister for Energy Hammad Azhar Friday said the Economic Coordination Committee (ECC) had approved the Petroleum Division’s proposal of debt swapping against a loan of Rs 54 billion secured by
Jan 01, 2022: Oil and Gas Regulatory Authority (OGRA) on Friday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of January, decreasing the commodity price by Rs69.63 per 11.8-kilogram
January 1, 2022 (MLN): Federal Board of Revenue (FBR) has collected net revenue of Rs2.92 trillion during July-December FY22, according to provisional revenue collection figures released by FBR. The amount has exceeded the
December 31, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Friday approved the incentives for exchange companies against the surrender of foreign exchange in the interbank market. Under the chairmanship
December 31, 2021 (MLN): There is an urgent need for export culture to be promoted as a “National Effort” since exports are vital to our economic security and independence, Advisor to Prime Minister,
December 31, 2021 (MLN): The Sensitive Price Indicator (SPI) for the combined group witnessed a decline of 0.5% WoW for the week ended December 30, 2021, weekly data released by the Pakistan Bureau
December 31, 2021: The State Bank of Pakistan (SBP) will remain closed for public dealing on Monday, January 3, 2022, which will be observed as ‘Bank Holiday’. All banks / DFIs / MFBs shall,
Dec 31, 2021: The National Electric Power Regulatory Authority (NEPRA) has decided to extend 99 paisa per unit relief for 4th quarter of the Fiscal Year 2020-21 under quarterly adjustment mechanism. According to
December 31, 2021 (MLN): Debt burden in Emerging Markets (EMs) and developing economies will be felt long after the virus abates, as servicing costs rise, slowing recoveries and hindering efforts to address other
December 31, 2021 (MLN): Amid gas supply shortage in the country, Petroleum division has announced bidding round of 14 new blocks covering 24000 sq km for exploration of oil and gas, Minister of
June 29, 2021 (MLN): The non-government sector has borrowed another net sum of Rs.13.21 billion during the week ended June 18, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021 to Rs.451.86
June 29, 2021 (MLN): The government of Pakistan has acquired an additional debt of Rs.201.98 billion during the week ended June 18, 2021, which brings its total net borrowing for ongoing fiscal year 2021 to
June 29, 2021: The two-state companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) have planned to give as many as 524,000 new connections during the next fiscal year in their
June 29, 2021: Indus River System Authority (IRSA) Tuesday released 254,600 cusecs water from various rim stations with an inflow of 223,700 cusecs. According to the data released by IRSA, the water level in the
June 29, 2021: Pakistan is set to receive 2.5 million doses of the Moderna vaccine from the United States, White House spokesperson Jen Psaki has said. The shipment is part of President Joe Biden's commitment
June 29, 2021: In light of the International Day of Micro Small and Medium Enterprises (MSMEs), celebrated around the world on June 27th every year, a Digital Dialogue was organized on ‘Digitizing MSMEs for a
June 29, 2021: The World Bank’s Board of Executive Directors approved $800 million in financing for two programs in Pakistan—the Pakistan Program for Affordable and Clean Energy and the Second Securing Human Investments to Foster
June 29, 2021: The International Islamic Trade Finance Corporation (ITFC) signed a 3-Year Framework Agreement for a cumulative amount of US$4.5 billion with the Government of Pakistan in order to provide financing for the import
June 29, 2021: The Economic Coordination Committee of the Cabinet has approved the import of 100,000 metric tons of Sugar. The ECC, which met in Islamabad today (Monday) with Finance Minister Shaukat Tarin in the
June 29, 2021: National Command and Operation Centre (NCOC) has decided to further reduce restrictions imposed for limiting disease spread during the third wave of the Covid-19 pandemic. The NCOC special session was chaired by
June 29, 2021: President Dr. Arif Alvi says corrupt leadership always ruined society and stressed collective efforts to root out this evil from society. He was addressing the Employers Federation of Pakistan (EFP) Exporters Recognition
June 28, 2021 (MLN): Multinational companies operating in Pakistan repatriated $1.496 billion in profit and dividends on investments in the country during the eleven months of FY21 which was 23% higher than the profits of
June 28, 2021 (MLN): Pakistan’s current account balance is expected to show a deficit of around $0.5 billion by the end of the current fiscal year, Finance Ministry stated in its June 2021 Monthly Economic
June 28, 2021: On directions, of Ministry of Commerce, TDAP Quetta, in collaboration with ITC, Agriculture Department Govt. Of Balochistan and NRSP, organized the fourth in a series of seminars titled “Importance of Maximum Residual
June 28, 2021 (MLN): The Financial Action Task Force (FATF) yet again refused to take Pakistan out of the ‘Grey List’ despite the country meeting 26 of the 27 points that the FATF recommended earlier.
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