November 10, 2021 (MLN): Honda Atlas Cars (HCAR) on Wednesday increased prices of all its models from Rs130,000 to Rs485,000 citing rupee depreciation and increasing input costs, a company memo showed. In a letter
November 10, 2021 (MLN): Government has signed $761.5 million agreement with the International Islamic Trade Finance Corporation (ITFC) for fuel import of crude oil, refined petroleum products and LNG, a press release showed on
November 10, 2021: A draft UN climate summit text urged countries on Wednesday to boost their emissions cutting goals by 2022, three years ahead of schedule, after data showed the world was far
November 10, 2021: Google lost an appeal on Wednesday against a 2.4 billion euro ($2.8 billion) fine imposed by the European Union for abusing its search engine dominance — a big win for the
November 10, 2021: Chief Commissioner Inland Revenue Regional Tax Office Muhammad Abid Raza Bodla on Wednesday announced to pay pending refunds to industrialists till 2020 they submit complete and verified documents. Speaking at
November 10, 2021: Governor State Bank of Pakistan, Dr. Reza Baqir, stated that digital transformation of the global Islamic financial services industry has become a necessity for its growth and it needs to
November 10, 2021: Ambassador of European Union (EU) Androulla Kaminara Wednesday called on Chief of Army Staff (COAS), General Qamar Javed Bajwa, and appreciated Pakistan’s role in the Afghan situation and efforts for regional
November 10, 2021 (MLN): Adviser to PM for Commerce and Investment, Abdul Razak Dawood, has lauded Udhaar Book, a super app for Pakistan’s small businesses and Savyour, Pakistan-based fintech, for securing investment of
November 10, 2021: Pakistan Water and Power Development Authority (WAPDA) is executing the biggest-ever portfolio of development projects in Pakistan including Diamer Basha Dam, Dasu Hydropower Project and Mohmand Dam worth $26 billion
November 10, 2021: US tech giants Google, Apple, Facebook, Amazon and Microsoft — collectively dubbed GAFAM — have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by
November 10, 2021: President Dr Arif Alvi on Wednesday said Pakistan’s progress was linked with extensive digitalization of all sectors, particularly education and health, and stressed fast decision-making in this regard to match
November 10, 2021: Prime Minister Imran Khan on Wednesday directed the Naya Pakistan Housing & Development Authority (NAPHDA) to accelerate the pace of work on all projects to provide affordable housing facility to
November 10, 2021: Europe's main stock markets rose slightly at the start of trading on Wednesday as investors focus on more evidence of inflation surging globally. London's benchmark FTSE 100 index gained 0.2
November 10, 2021 (MLN): The government is not planning to discontinue the release of weekly Sensitivity Price Index (SPI) as claimed by some media reports, clarified the Spokesperson to Finance Minister Muzammil Aslam on
November 10, 2021: Pakistan Sugar Mills Association (PSMA) members posed their full confidence in the leadership of Mr. Shaukat Tarin and assured their full support to ensure the availability of sugar on affordable
May 9, 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
May 09, 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. Pakistan’s exports to the UK grew by 31%
Market Data and Economic Indicators Weekly Performance May 07, 2021 Apr 30, 2021 PKR InterBank 152.2753 153.4529 KSE100 Index 45,174.67 44,262.35 Avg Daily Volume 241,354,931 331,198,865 Gold (Karachi) Rs/10 gm 89,506 89,678 KIBOR 6M
May 8, 2021: The nation’s most progressive energy company, Pakistan State Oil (PSO), has once again taken the lead in digitizing its petroleum product supply chain. Special Assistant to Prime Minister for Power & Petroleum,
May 08, 2021: While continuing its outreach efforts to promote startups and innovative solutions to the financial market, the Securities and Exchange Commission of Pakistan’s (SECP) Innovation Office, in collaboration with National Incubation Center (NIC),
May 7, 2021 (MLN): Pakistan’s exports to UK have grown by 31% YoY during Jul-Apr FY21 to $1.709bn compared to $1.309bn recorded in the same period last year. These are the highest-ever exports to UK
May 07, 2021 (MLN): Foreign Investors during the week ended April 30, 2021, sold net Rs6.96 billion worth of securities against a net purchase of Rs2.07 billion recorded last week. According to a weekly report
May 7, 2021: The Competition Commission of Pakistan (CCP) has completed an enquiry in the poultry industry where it has been revealed that nineteen poultry feed companies have been involved in price coordination and their
May 07, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.5% during the week ended May 06, 2021 while the SPI increased by 17.05% compared to the corresponding period
May 7, 2021: In order to minimize shareholding disputes and make the entire process of holding, monitoring and transferring of shares much easier, cost-efficient and transparent, the SECP is considering a proposal requiring all the
Since time immemorial, Pakistan’s macroeconomic cycle has been nothing but a series of booms and busts. The current government came on the promise of breaking this wheel and fixing the structural issues once and for
May 07, 2021 (MLN): The overall output of LSMI increased by 8.99% for July-March 2020-21 compared to July-March 2019-20. According to data released by the Pakistan Bureau of Statistics, the LSMI output increased by 22.39%
May 07, 2021 (MLN): The non-government sector has borrowed another net sum of Rs.52.91 billion during the week ended April 30, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021 to Rs.434.66
May 07, 2021 (MLN): The government of Pakistan has acquired an additional debt of Rs.485.65 billion during the week ended April 30, 2021, which brings its total net borrowing for the ongoing fiscal year 2021
May 7, 2021: The United States Government, along with the Government of Pakistan, launched the first international shipment from Pakistan that is compliant with the United Nations’ “Transports Internationaux Routiers” (TIR) Convention, an international customs
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