October 12, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a summary for the provision of the maximum quantity of gas to Pak-Arab Fertilizer Plant and Fauji Fertilizer
October 11, 2021: To promote investment in renewable energy solutions by companies, the State Bank of Pakistan (SBP) has eased the conditions for renewable energy solution providers under its Refinance Scheme for Renewable
October 11, 2021 (MLN): The total deposits held by Commercial Banks have inched up by 3.23% MoM to reach Rs19.83 trillion in the month of September 2021, compared to Rs19.21tr recorded in August
October 11, 2021 (MLN): The total money supply circulating within the economy during the second month of FY22 has been recorded at around Rs27.47trillion, according to provisional accounts on Monetary Aggregates for the
October 11, 2021: European stock markets wavered in opening deals on Monday, as dealers mulled disappointing US jobs data. In initial trade, London's benchmark FTSE 100 index gained 0.2 percent to 7,111.73 points,
October 11, 2021: IRSA Monday released 98814 cusecs water from various rim stations with inflow of 94917 cusecs. According to the data released by IRSA, water level in the Indus River at Tarbela
October 11, 2021 (MLN): Textile exports reached the highest mark of US$1.503 billion in the month of September 2021, depicting a yearly growth of 26% while 3% on a sequential basis. According to
October 11, 2021: H.E President Dr. Arif Alvi expressed the hope that Non-Resident Pakistanis (NRPs) living in UAE would take maximum advantage of the State Bank’s Roshan Apna Ghar scheme and use it
October 11, 2021 (MLN): The government on Friday called the World Bank's (WB) assessment of easing Pakistan's GDP growth forecast to 3.5% as “unrealistic”. Ministry of Finance (MoF) in its detailed response issued
October 10, 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
October 10, 2021: Galaxy Racer, the world’s fastest-growing eSports company, takes a massive leap by signing a Memorandum of Understanding (MoU) with the newly established Special Technology Zones Authority (STZA) in the presence
October 9, 2021 (MLN): The first leg of ongoing technical level talks between the government and the International Monetary Fund (IMF) for the resumption of the $6 billion Extended Fund Facility (EFF) has
October 8, 2021: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, while strongly criticizing SSGC for shutting down gas to industries for 72 hours, demanded
October 8, 2021: Mian Nasser Hyatt Maggo, President FPCCI, has expressed his profound concerns over yet another gas supply suspension for 72 hours for the industrial areas of Sindh and Balochistan. It will
October 8, 2021: Cabinet Committee on Energy (CCoE) approved the summary submitted by the Ministry of Maritime Affairs on the Report of the Inter-Ministerial Committee on the Establishment of New Terminals. A meeting
Author: Manahil Habib We live in the times where a growing number of people are adapting to the shifts in modern finance caused by the advancement in technology. Many have transitioned from having cash in
March 25, 2021: In its effort to promote low cost and affordable home ownership among low to middle-income groups, the Government of Pakistan (GoP) has revised its markup subsidy scheme of housing finance significantly to
March 25, 2021 (MLN): USA remained as the top export destination for Pakistan with $3.08 billion worth of shipments in Jul-Feb FY21, against the exports of $2.75 billion in the same period of last year,
March 25, 2021 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during July-Feb FY21, followed by United Arab Emirates (UAE), Singapore, the USA, and Saudi Arabia. According to
March 25, 2021 (MLN): Total payment transactions done in the country grew by 14% in volume and 4% value-wise during Q2FY21, compared to the preceding quarter, according to the State Bank of Pakistan’s Payment Systems
March 25, 2020: The International Monetary Fund approved a 500 million dollar disbursement to Pakistan for budgetary support after its Executive Board completed delayed reviews of Pakistan’s 6 billion dollar loan program. IMF Deputy Managing
Mar 24, 2021: The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), have collectively prevented a volumetric loss of around 9,938 Million Cubic Feet (MMCF) gas against the
Mar 24, 2021: The Central Development Working Party (CDWP) approved Wednesday nine development projects with a cumulative cost of Rs 15.40 billion related to the health, food, and agriculture sectors. The meeting of the CDWP
March 24, 2021: Federal Minister for Privatization Mohammedmian Soomro chaired the Meeting of the Privatisation Commission (PC) Board today in Islamabad. Privatization Board members, Federal secretary privatization, and senior officers of the Ministry attended the
March 24, 2021: The Management and the Board of Directors of Pakistan Stock Exchange (PSX) has reviewed the proposed tax amendments reported in the media with concern and strongly recommends a review of the same
Mar 24, 2021: The State Bank of Pakistan (SBP), under its refinance scheme for setting up new projects or expansion, approved 609 projects with an amount of Rs537.6 billion for which it received requests for
March 24, 2021 (MLN): The non-government sector has retired a net sum of Rs.15.85 billion during the week ended March 12, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021 to Rs.345.71
March 24, 2021 (MLN): The government of Pakistan has acquired an additional debt of Rs.213.3 billion during the week ended March 12, 2021, which brings its total net borrowing for the ongoing fiscal year 2021
March 24, 2021 (MLN): The government of Pakistan has introduced Naya Pakistan certificates in British Pound and Euro for non-resident Pakistanis. Posting a video message on State Bank of Pakistan’s Twitter handle, Governor SBP,
March 24, 2021: The overall assets and deposits of the Islamic banking industry have shown tremendous growth of 30 percent and 27.8 percent, respectively, during CY2020. This is the highest increase in assets in a
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