March 26, 2021 (MLN): The total deposits held by Commercial Banks have shown a robust growth of 16% YoY to Rs 17.25 trillion in February 2021. While, on monthly basis, commercial banks’ deposits
March 26, 2021 (MLN): Some observers argue that the State Bank of Pakistan (SBP) Amendment Act, 2021 is radical in nature and essentially translates into the government handing over the country’s central bank
March 26, 2021: State Bank of Pakistan (SBP) has developed a Digital Bank draft Regulatory Framework for public consultation. The proposed Framework has been shared with the industry and placed on the SBP’s
March 26: In pursuit of its agenda to promote ease of doing business and digitalization, the Securities and Exchange Commission of Pakistan (SECP), in coordination with State Bank of Pakistan (SBP), had launched
March 26, 2021: The World Bank’s Board of Executive Directors approved $600 million on Thursday in financing from the International Development Association (IDA) for the Crisis-Resilient Social Protection Program (CRISP) that will support
March 26, 2021 (MLN): Dun & Bradstreet Pakistan and Gallup Pakistan have issued a special press release on ‘Pakistan Consumer Confidence Index (CCI) for Q4 2020, as per which, 42% of Pakistanis believe
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
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
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
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.
Mar 25, 2021: Oil prices surged Wednesday following the blockage of the Suez canal, while stocks were mixed as governments struggle to contain the latest wave of the coronavirus. Crude futures surged six
Mar 25, 2021: Asian markets rose Thursday but optimism over the pace of economic recovery continued to be offset by worries about rising infections across Europe and the continent's vaccine struggles, with inflation
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
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
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
July 16, 2020: President Dr Arif Alvi has invited Qatar to take advantage of the emerging investment opportunities in Pakistan. He was talking to Qatari Ambassador Sheikh Saoud bin Abdulrehman bin Faisal Al-Thani, who called
July 15, 2020: National Transmission and Dispatch Company (NTDC) had submitted the Indicative Generation Capacity Plan 2047 (IGCEP) to the Authority as a Least-Cost Generation Expansion Plan to cater for the future energy requirements of
July 15, 2020: The Oil and Gas Regulatory Authority (OGRA) on Wednesday notified the prices of Regasified Liquefied Natural Gas (RLNG) for the Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines (SNGP) for
Jul 15, 2020: Since its inception in August 2018, the Pakistan Tehreek-i-Insaf (PTI) government remained focused on harnessing the untapped 50,000 MW hydel power generation potential to achieve self-sufficiency in the energy sector and enhancing
July 15, 2020: The newly appointed Chairperson of the Competition Commission of Pakistan (CCP), Ms. Rahat Kaunain Hassan, has assumed the charge of her office after the Federal Government issued a notification of her appointment
July 15, 2020: Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the ECC today at the Prime Minister’s office. In order to ensure the availability of wheat
July 15, 2020 (MLN): Oil and Gas Regulatory Authority (OGRA) reduced the gas prices by 6% and 2% for Sui Northern Gas Pipelines Limited (SNGP) and Sui Southern Gas Company Limited (SSGC) respectively for FY21.
July 15, 2020: To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GoP), State Bank of Pakistan (SBP) has decided to set a mandatory target for
July 15, 2020: The Overseas Investors Chamber of Commerce and Industry (OICCI), the chamber of leading 200 foreign investors in Pakistan belonging to 35 countries, has released the consolidated financial contribution of its members for
July 15, 2020 (MLN): Prime Minister Imran Khan kicks off construction work at Diamer-Bhasha Dam mega project on Wednesday. In a tweet, Chairman CPEC Authority Lt. General (retired) Asim Saleem Bajwa said the dam, a
July 15, 2020 (MLN): The World Bank, in collaboration with Gallup Pakistan, has released a report that focuses on the recent trends in the Pakistani IT sector and the obstacles confronted by IT firms. According
July 15, 2020: Pakistan and Hungary signed a ‘Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income’. The protocol was signed by Hungarian Ambassador to
July 14, 2020 (MLN): As the Covid-19 pandemic created mayhem which has suffered all asset class and the equities have not been spared. However, on domestic front, a consistent reduction in the daily incremental cases
July 14, 2020: The Turkish Airline has assured for reduction in freight charges & provision of excellent facilities to promote export of fruits & vegetables to Frankfurt, London and other Western International markets. After a
July 14, 2020 (MLN): The total debt of Central Government during the month of May 2020 stood at Rs. 34.489 trillion, i.e.1% percent higher than the figures reported last month. Whereas, on a yearly basis,
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