December 31, 2021 (MLN): As a result of the modification in Priority Order of gas allocations, more than 200k tonnes of additional urea has been produced in November and December, saving $200 million
December 31, 2021 (MLN): The State Bank of Pakistan (SBP) conducted another Open Market Operations (OMO) today, in which it injected Rs330 billion and Rs274 billion into the market for 7 days and
December 31, 2021:Indus River System Authority (IRSA) Friday released 29,209 cusecs water from various rim stations with inflow of 33,749 cusecs. According to the data released by IRSA, water level in the Indus
December 31, 2021 (MLN): The Cabinet Committee on Privatization (CCoP) is all set to deliberate upon the divestment of the government's Shares in Mari Petroleum Company Limited (MPCL), in its meeting to be held
December 31, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet, in its meeting which is scheduled to be held today at 1030hrs, will discuss the Incentives for exchange companies against surrender
December 30, 2021: A Special Cabinet meeting was convened on 30th December 2021 to discuss and approve the Finance (Supplementary) Bill, 2021. Chairman Federal Board of Revenue (FBR) explained the salient features of
December 30, 2021 (MLN): The foreign exchange reserves held by the country dipped by 1% WoW to stand at $24.27 billion during the week ended on December 24, 2021, compared to $24.63 billion
December 30, 2021 (MLN): Inflation- the silent wealth killer has been brutally slashing the purchasing power of Pakistanis no matter what their income class is. The more efforts economic managers are putting to
Dec 30, 2021: Minister for Information and Broadcasting Chaudhry Fawad Hussain said on Thursday that the budget amendment bill was being presented to the special committee of the cabinet for approval. In a
December 30, 2021: Energy prices soared in 2021- with gas, oil, coal, electricity and carbon all shooting higher in large part owing to a resurgence of geopolitical tensions between producers and consumers. The “steep
December 30, 2021 (MLN): The Cabinet’s decision to defer the approval of the mini-budget is likely to delay the much-needed go-ahead from the board of the International Monetary Fund (IMF) due in January
December 30, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs1.26 trillion, against its target of Rs1.2tr. Despite SBP’s
December 30, 2021: “With soybean cultivation, Pakistan can save $5 billion from the imports bill of oilseeds and raw materials for poultry feed,” Prof Dr. Iqrar Ahmad Khan, Vice-Chancellor of University of Agriculture
December 30, 2021: Prime Minister Imran Khan directed to ensure the execution of the North-South Gas Pipeline (NSGP) project without any further delay in the agreed timelines, said a press release issued on
December 29, 2021: In line with State Bank’s strategic plan to improve Liquidity Management Framework for Islamic Banking Industry and enhance the effectiveness of monetary policy implementation, SBP has introduced Shariah Compliant Standing
June 28, 2021: Indus River System Authority (IRSA) on Monday released 256,700 cusecs water from various rim stations with an inflow of 228,800 cusecs. According to the data released by IRSA, the water level in
June 28, 2021 (MLN): The Federal Board of Revenue (FBR) has announced a reduction in sales tax of some petroleum products to ensure supply at lower rates. According to the SRO 807(I)/2021 issued on Saturday,
June 28, 2021: The State Bank of Pakistan released its Quarterly Payment System Review (QPSR) for the third quarter, January – March 2021, of the fiscal year 2020-21 today, which shows strong growth in the
June 28, 2021: The Ministry of Economic Affairs and the World Bank have signed a financing agreement of “Punjab Rural Sustainable Water Supply and Sanitation Project” worth $442.4million. The project is aimed at providing equitable
June 28, 2021: Minister for Energy Hammad Azhar says new action plan by FATF will be implemented soon. Addressing a presser in Islamabad on Saturday, the Minister said that anti-money laundering plan is much easier
June 28, 2021: China has categorically stated that Belt and Road Initiative is a major platform for building a global community of shared future. In a White Paper released by the State Council Information Office,
June 28, 2021: Pakistan and Uzbekistan have agreed to promote their bilateral cooperation in all areas of mutual interest including trade, economy and culture. The understanding to this effect was reached during a meeting of
June 28, 2021: Minister for Maritime Affairs Ali Haider Zaidi has said Pakistan National Shipping Corporation (PNSC) is planning to start Ferry Services in the country. In a tweet, he said the Ministry of Maritime
June 28, 2021: Prime Minister Imran Khan says Roshan Digital Account has achieved more milestones as the inflows crossed $1.5billion on Friday and investment in Naya Pakistan Certificates is surpassing one billion dollars. In a
June 27, 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 27, 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. The Weekly Sensitive Price Indicator (SPI) for the
Market Data and Economic Indicators Weekly Performance Jun 25, 2021 Jun 18, 2021 PKR InterBank 157.6175 156.8926 KSE100 Index 47,603.36 48,238.67 Avg Daily Volume 693,779,683 1,049,398,093 Gold (Karachi) Rs/10 gm 93,707 91,992 KIBOR 6M
June 27 2021: The Competition Commission of Pakistan (CCP) held the 22nd meeting of the Competition Consultative Group (CCG) sharing the CCP’s initiatives, performance and strategic vision. A presentation was also given on the CCP’s
June 27, 2021: Pakistan Water and Power Development Authority (WAPDA) awarded contract amounting to $241million for electro-mechanical (E&M) works of the 1530 MW-Tarbela 5th Extension Hydropower Project to a joint venture comprising Harbin Electric International
June 27, 2021: The Securities and Exchange Commission of Pakistan (SECP) has concluded adjudication proceedings against B4U Group and its sponsors for raising illegal deposits from the public and operating pyramid schemes, in violation of
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