Oct 29, 2021: European stock markets slid at the open on Friday, with traders closing out the week by booking recent profits. London's benchmark FTSE 100 index dropped 0.7 percent to 7,197.57 points.
October 29, 2021: Amazon and Apple announced billions of dollars in quarterly profits on Thursday, but supply chain bottlenecks and the global chip shortage dented the tech giants, which have been riding a
October 28, 2021: Oil and Gas Regulatory Authority (OGRA) has recently established a Consumer Affairs Department (CAD) to handle general public’s grievances and ensure their prompt redressal on merit. “The Complaints and Appeals
October 28, 2021: Shell Pakistan Limited (SPL) has entered into a 10 year agreement with Pak-Arab Pipeline Company Limited (PAPCO) to upgrade transportation of fuel through a multi-grade pipeline. Currently, the pipeline system
October 28, 2021: The Securities and Exchange Commission of Pakistan (SECP) has once again warned the general public against investing in Ponzi and pyramid schemes, multi-level marketing (MLM), and other online schemes, that
October 28, 2021: Keeping in view the performance of various economic indicators, the economic recovery that had accelerated since March 2021 is expected to continue, according to the Monthly Update and Outlook for
October 28, 2021: European stock markets steadied at the open Thursday awaiting the outcome of a key ECB meeting as the eurozone and wider economy battle high inflation. London's benchmark FTSE 100 index
October 28, 2021: Oil and Gas Regulatory Authority (OGRA) has suggested developing ‘large scale’ storage facilities to absorb the abrupt price hike in international market and avoid its negative impact on consumers in
October 28, 2021 (MLN): Despite increasing energy prices worldwide, the demand for energy products in Pakistan is on the rise amid robust economic growth as demand for High-Speed Diesel (HSD) has increased by
October 28, 2021 (MLN): Jordan has notified three Pakistani slaughterhouses for exporting bovine, sheep, goat & camel meat to Jordan. While making an aforesaid announcement via his Twitter handle, Abdul Razak Dawood, Adviser
October 28, 2021: China and Pakistan should join hands, learn from each other's experience in the field of information technology, strengthen cooperation, jointly drive the development and export of information technology and create
October 28, 2021: Ford reported better-than-expected results Wednesday, citing a “significant” improvement in semiconductor availability in the latest quarter and announcing it would restore dividends. The Detroit giant, which has joined other major automakers
October 28, 2021: Pakistan Single Window Programme (PSWP) Project Director Muhammad Imran Khan Mohmand said on Wednesday that PSW Programme would reduce the cost of doing business and minimize the interface between the
October 27, 2021: Governor, State Bank of Pakistan, Dr. Reza Baqir appreciated the progress made by the banking industry in supporting low-cost housing finance for first-time homeowners under the Mera Pakistan Mera Ghar
October 27, 2021: Building further on its vision to improve efficiency and transparency in the tax collection system, and to promote digital integration, the Federal Board of Revenue (FBR) has achieved another important
April 23, 2021: The World Bank’s Board of Executive Directors approved $400 million in financing from the International Development Association (IDA) to support Pakistan in accelerating investments in education and health services in the Khyber
April 23, 2021: Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the first session of the EAC after its re-constitution at the Finance Division yesterday. Federal Minister for Industries and Production Makhdum Khusro Bakhtyar,
April 23, 2021: Prime Minister Imran Khan has directed the Economic Advisory Council to present a road-map envisaging short, medium and long-term measures for economic stability and sustainable growth. He was chairing a meeting of
April 22, 2021: Federal Minister for Privatisation, Mohammedmian Soomro chaired the weekly Privatisation progress review meeting in the Ministry today. Federal Secretary Privatisation Hasan Nasir Jamy, Additional Secretary Privatisation Khaqan Babar, and other senior officers
April 22, 2021 (MLN): The Cabinet Committee on Energy (CCOE) Thursday, approved the “National Electricity Policy” in order to provide the basis for a sustainable competitive electricity market that promotes renewable energy and indigenous resources.
April 22, 2021 (MLN): Federal Board of Revenue (FBR) has informed via a notification that it will create four additional Anti-Benami Zones under the Directorate General of Anti-Benami Initiatives with immediate effect to combat the
Despite cheap liquidity from the SBP, banks haven’t substantially increases their housing finance portfolio and continue to lend an overwhelming share to their own employees.
April 22, 2021: Pakistan and Iran have signed a Memorandum of Understanding to establish six trade centers at their border areas. Foreign Minister Shah Mehmood Qureshi and his Iranian counterpart Javad Zarif signed the MoU.
April 22, 2021: Prime Minister Imran Khan has said the government is striving to bring a revolution in tourism and agriculture by revamping the sectors on modern lines. Addressing at the inauguration of Peshawar-Dara Adam
April 21, 2021: United Nations Children’s Fund (UNICEF) would provide US $14.5 million PPEs (Personal Protective Equipment) to Pakistan to help contain the spread of the Covid-19 pandemic. According to a UNICEF document, it is
April 21, 2021: In light of SECP’s commitment to promote capital formation and educate potential issuers and investors about different modes of financing and investment avenues, a Guidance Paper detailing mechanics and elements for issuance
April 21, 2021 (MLN): The Federal Board of Revenue (FBR)’s Pakistan Customs Wing has introduced a new automated process in the WeBOC system for scanning of containerized import consignments of industrial raw materials for their
April 21, 2021 (MLN): Islamic Republic of Iran has lifted the restrictions on the import of Pakistani citrus. The aforesaid announcement was made by Foreign Minister Shah Mehmood Qureshi on his official visit to Iran.
April 20, 2021 (MLN): To encourage value-added exports, the Cabinet, in its meeting today, has ratified the decision of the Economic Coordination Committee to withdraw Customs Duty on import of Cotton Yarn. The aforesaid announcement
April 20, 2021 (MLN): The Banking sector spread for March 2021 marginally decreased by 7 basis points (bps) over the month which brings its latest value to 4.31% as compared to prior month's spread of
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