September 02, 2021: Most Asian equities extended their impressive run on Thursday as Covid concerns eased and traders grew more optimistic that the Federal Reserve will continue to provide extensive support for some
September 2, 2021: Minister for Finance and Revenue Shaukat Tarin has stressed upon the need for greater cooperation between Federal and Provincial Governments in harmonization of general sales tax (GST). Presiding over the
September 01, 2021 (MLN): Exports from Pakistan for the month of August 2021 have grown by 43% to USD2.257 billion as compared to USD1.584bn in August 2020 as the growth was affected by
September 1, 2021: The Securities and Exchange Commission of Pakistan (SECP) warns the general public against investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives. The SECP has been
September 01, 2021 (MLN): Overseas Pakistanis can invest in housing and real estate remotely and digitally in banks' pre-approved projects or any other property through SBP’s new initiative Roshan Apna Ghar (RAG). For
Sep 01, 2021 (MLN): Pakistan's Yearly Inflation Rate (New Base 2015-16) in August 2021 was 8.35 percent compared to 8.40 percent in July 2021 and 8.20 percent in August 2020. The July-August average
Sep 01, 2021: The world's leading oil producers are expected to uphold a July deal to slowly boost output at a meeting on Wednesday, despite US pressure to go further. OPEC members led
September 1, 2021 (MLN): The Federal Board of Revenue (FBR) has successfully developed and rolled out a new module in the WeBOC system for the Online Export Facilitation Scheme (EFS) Authorization Application. In
September 1, 2021 (MLN): The Federal Board of Revenue (FBR) has collected Rs850 billion during July-August 2021, beyond the targeted figure by 23%. In a Tweet, the Premier stated that FBR will comfortably
September 1, 2021: The Economic Coordination Committee has approved a summary of Aviation Division for provision of funds to meet emergent liabilities of the Roosevelt Hotel Corporation. The meeting, chaired by Finance Minister
September 01, 2021: Asian markets were mixed Wednesday as investors tried to assess whether the global recovery will be resilient enough to withstand the fast-spreading Delta Covid variant, with optimism being tested by
August 31, 2021 (MLN): Pakistan has secured $1.596 billion foreign assistance during the first month of the fiscal year 2021-22 i.e., July’21 from multiple financing sources against the annual budget estimates of $14.085bn
August 31, 2021 (MLN): The government on Tuesday cut prices of petroleum products by up to Rs1.50 per litre, effective from September 01, 2021. According to a notice issued on Tuesday, the government
Aug 31, 2021: In continuation to NEPRA’s vision of zero tolerance on power industry safety accidents, an interactive session of National Electric Power Regulatory Authority (NEPRA) Authority with the Chief Executive Officers (CEOs)
August 31, 2021: Food insecurity continues to remain a major challenge facing Pakistan. Cargill, one of the world’s leading agriculture and food processing corporations, has collaborated with Rizq, a prominent non-profit food distribution
January 19, 2021: President Dr. Arif Alvi says Pakistan wants to further strengthen relations with Vietnam in diverse fields, including trade and economy. He was talking to the outgoing Ambassador of Vietnam Pham Hoang Kim,
January 19, 2021: Minister for Industries and Production Hammad Azhar has said the government is taking concrete measures to bring down sugar and wheat prices in the country. Speaking in the Senate on Monday, he
January 19, 2021: Minister for Finance and Revenue Hafeez Sheikh has said due to the government's tough, result-oriented decisions and prudent policies economic indicators now have become positive. Speaking in the Senate, he said soon
January 18, 2021 (MLN): The total debt of the Central Government during the month of November 2020 surged by Rs. 3.69 trillion or 11% YoY to stand at Rs. 35.82 trillion when compared to Rs
Jan 18, 2021: The Central Directorate of National Savings (CDNS) has reached the free deposit of Rs 430 billion in last six months from July 01 to December 31st current Fiscal Year (FY) 2020-21. The
January 18, 2021 (MLN): Petroleum imports declined 22.32% YoY in value during 1HFY21 to $4.77 billion from $6.142 billion recorded in the corresponding period of last year. The significant fall in petroleum imports has been
January 18, 2021: The “OICCI Recommendations for Digital Economy” report was launched on January 18th, 2021 highlighting the much-needed shift required to capture the opportunity of Digital transformation happening within and outside Pakistan through the
January 18, 2021: Chief Executive Officer Balochistan Board of Investment and Trade (BBIT) Farman Zarkoon has said that the province has tremendous opportunities for domestic and foreign investors in the minerals sector. In a statement
January 18, 2021: The United Kingdom wants to increase bilateral trade with Pakistan from existing three billion pounds to ten billion pounds, to achieve mutually beneficial outcomes for both countries. This was stated by UK
January 17, 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
January 17, 2021: Minister for Information Technology and Telecommunication, Amin Ul Haque has said that work on the Karachi Development Package of 1000 billion rupees is in progress with the collective efforts of the federal
January 17, 2021: Directorate General of Petroleum Concessions has publicly opened bids for 20 onshore blocks for grant of Petroleum Exploration Rights through open bidding today at Petroleum House, Islamabad. According to a press release
Market Data and Economic Indicators Weekly Performance Jan 15, 2021 Jan 08, 2021 PKR InterBank 160.3320 160.1715 KSE100 Index 45,931.00 45,654.34 Avg Daily Volume 682,133,634 625,039,486 Gold (Karachi) Rs/10 gm 96,794 98,251 KIBOR 6M
January 17, 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. Imports into Pakistan during the month of December
January 15, 2021 (MLN): The exports of Chemical and Pharmaceutical Products witnessed an increase of 17.92% YoY and a decline of 30.43% MoM to value at USD 89.974 million during the month of December 2020.
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