Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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Textile exports continue record streak in Oct’21

November 16, 2021 (MLN): Pakistan’s textile exports continued their record-breaking streak during Oct’21, depicting an upsurge of 24% YoY and 7.65% MoM. This takes the total textile exports during the first four-month of

SBP to announce monetary policy on November 19

November 16, 2021: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to bring forward its next meeting from the previously announced date of November 26, 2021. The

IEA says oil price rally may start to ease

Nov 16, 2021: The International Energy Agency (IEA) said Tuesday a reprieve from soaring oil prices may be on the horizon as output increases. Shortages of natural gas and coal have triggered a

OMO Result: SBP injects Rs 129.2bn for 3 days

November 16, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs129.2 billion into the market for 3 days at 7.55 percent. Summary of

Country’s sugar stock stands at 635,000 MTs

November 16, 2021 (MLN): Despite a 60% increase in the sugar import volume- 90,195 metric tons (MTs) during October 21, compared to the import volume in September'21, the country is only left with 635,000 metric

ECC okays Rs134.78 billion for payment to IPPs

November 16, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Monday has approved Rs134.783 billion for payment to IPPs on the second instalment (60%) as per the payment mechanism. The

PM rejects further hike in POL prices

November 16, 2021 (MLN): The government on Monday decided to maintain the price of petroleum products for the next fortnightly in order to provide maximum relief to the general public. Despite rising petroleum

Privatization of HEC accelerates to final stages

November 15, 2021: The privatisation of the Heavy Electrical Complex (HEC) has entered into its final stages. HEC is a Government-owned entity under the administrative control of State Engineering Corporation the share of

Textile Exports jump by 17% to US$12.7bln in 10MFY21

May 21, 2021 (MLN): Textile exports during the month of April 2021, clocked in at US$1.34 billion, jumped by 3.31x YoY. When compared with the figures of the previous month, exports of textile goods depicted

Imports into Pakistan fall by 8.4% MoM in April

May 21, 2021 (MLN): Imports into Pakistan during April 2021 amounted to Rs. 805,180 million (provisional) as against Rs. 878,602 million (provisional) in March 2021 and Rs. 526,448 million during April 2020, showing a decrease

Exports from Pakistan decline by 8% MoM in April

May 21, 2021 (MLN): Exports from Pakistan during April 2021 amounted to Rs. 339,618 million (provisional) as against Rs. 368,925 million (provisional) in March 2021 and Rs. 157,075 million during April 2020 showing a decrease

Banking sector spread widens by 15bps in April

May 21, 2021 (MLN): The Banking sector spread for April 2021 grown by 15 basis points (bps) over the month which brings its latest value to 4.46% as compared to the prior month's spread of

Pakistan added to Sellers’ list, Amazon confirms

May 21, 2021 (MLN): Amazon has confirmed that Pakistan has been added to its Sellers’ List, said Abdul Razak Dawood, Adviser to PM for Commerce and Investment. Making an announcement on his social media he

State Bank revises SLR requirement of Exchange Companies

May 20, 2021 (MLN): State Bank of Pakistan has revised the Statutory Liquidity Reserve (SLR) requirement of Exchange Companies from 25% to 15% of their capital. The enhanced liquidity with exchange companies will enable them