March 11, 2021 (MLN): The State Bank of Pakistan (SBP) has relieved the 100 percent cash margin requirement on the import of certain items/raw materials to support the manufacturing and industrial sectors. According
March 11, 2021: Global debt to GDP has been rising for many years; the pandemic simply exacerbated the trend. While global debt hit a record (estimated) $201 trillion at the end of last
March 11, 2021: The effective expenditure control measures taken by the government have resulted in containing the overall fiscal deficit at 2.5 percent of the Gross Domestic Product (GDP) during the first half
March 11, 2021 (MLN): The Federal Board of Revenue (FBR) has clarified news circulating on social media about a proposal to withdraw exemption available to income from exports of computer software or IT
March 11, 2021: The Federal Board of Revenue has established a Centralized Income Tax Refund Office (CITRO) to facilitate taxpayers by releasing income tax refund payments directly into their bank accounts in expeditious
March 10, 2021: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today. Federal Minister for National Food Security
Mar 10, 2021: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday urged the government for allowing 100 percent adjustment of input tax by removing the discrepancy created by Section 8B
March 10, 2021: Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday said the government prioritized tariffs rationalization for enhancing the economic and trade activities in the country. The
March 10, 2021 (MLN): The non-government sector has borrowed another net sum of Rs.32.65 billion during the week ended February 26, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021
March 10, 2021 (MLN): The government of Pakistan has acquired an additional debt of Rs.225.58 billion during the week ended February 26, 2021, which brings its total net borrowing for ongoing fiscal year
Mar 10, 2021: Global gross domestic product will grow at 5.6 percent this year if vaccination roll-outs are fast and effective enough across the world, the Organization for Economic Cooperation and Development (OECD)
March 10, 2021 (MLN): The total money supply circulating within the economy in January 2021 has been recorded at around Rs.25.71 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained
March 10, 2021 (MLN): The Ministry of Commerce (MOC), on Wednesday, informed that the reduction of tyres' smuggling has resulted in increased revenues for local companies. Taking to his Twitter handle, Adviser to
March 10, 2021 (MLN): After resisting IMF’s request for more than a year, the Federal government approved “The Income Tax Second Amendment Bill 2021” on Tuesday. Following the approval of ‘The Income Tax
March 10, 2021: Ministry of National Food Security & Research has proposed to procure over 6.5 million tons of wheat during current harvesting season in order to tackle with domestic requirements, keep the
June 29, 2020: The National Assembly today (Monday) passed the Finance Bill 2020, giving legal effect to the budgetary proposals for next fiscal year. It was moved by Minister for Industries and Production Hammad Azhar.
June 29, 2020: The Ministry of Finance has refuted news reports appearing in a section of the press claiming that the first audit report of the present government reveals irregularities and corruption amounting to Rs.
June 29, 2020 (MLN): The non-government sector has retired a net sum of Rs.23.1 billion during the week ended June 19, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020 to Rs.277.92
June 29, 2020 (MLN): The government of Pakistan has acquired an additional debt of Rs.206.68 billion during the week ended June 19, 2020, which brings its total net borrowing for ongoing fiscal year 2020 to
June 29, 2020 (MLN): Pakistan has received $7.451 billion foreign assistance during Jul-May FY20 from bilateral and multilateral development partners, foreign commercial borrowing, and commodity financing from Islamic Development Bank and Saudi Arabia to restructure
June 29, 2020: Technological modernization can increase cotton yield in the country. This was said by Federal Minister for National Food Security and Research, Syed Fakhar Imam on Saturday while meeting A two-member delegation of
June 28, 2020 (MLN): Pakistan witnessed net inflow of $31.42 million by foreign investors via Special Convertible Rupee Account (SCRA) on June 25, 2020. The total inflows in Treasury bills (T-Bills) during the day recorded
June 28, 2020: Advisor to the Prime Minister on Commerce, Abdul Razak Dawood has said that Pakistan is rapidly diversifying its exports into high quality and globally competitive engineering products. He was chairing an internal
Jun 28, 2020: Oil and Gas Regulatory Authority (OGRA) has issued around 63 licences of different nature for promotion of Liquefied Petroleum Gas (LPG) industry in the country during first nine months of the current
June 28, 2020 (MLN): The highlight of the departed week was the unexpected cut in the interest rate by SBP at its meeting on 25th June 2020, where it decided to reduce policy rate by
June 28, 2020 (MLN): The country's financial picture is brought to light with the release of economic and financial data during the week. The government revised and increased the prices of various petroleum products by
Market Data and Economic Indicators Weekly Performance Jun 26, 2020 Jun 19, 2020 PKR InterBank 167.668 166.638 KSE100 Index 33,939.49 33,438.94 Avg Daily Volume 176,853,137 228,736,914 Gold (Karachi) Rs/10 gm 88,134 86,334 KIBOR 6M
June 27, 2020 (MLN): Pakistan’s overall exports performance during Jul-May FY20 showed a decline of 7% YoY, to $20.94 billion as compared to $22.46 billion recorded during Jul-May FY19. According to the data issued by
June 27, 2020 (MLN): The major importable goods during 11MFY20 were Petroleum, Agriculture Products & Chemicals, Machinery and Food as they accounted for 23%, 17%, 14% and 11% of the total import respectively. Even though
June 27, 2020 (MLN): The U.S.A remained the top export destination for Pakistan, with $237 million worth of shipments in the month of May, despite a decline of 6% MoM and 33% YoY in exports
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