December 3, 2020: Mobile banking transactions increased to 36.4 million amounting to Rs. 908.7 billion in Q1-FY21, marking an increase of 139% by volume and 211% by value when compared with the same
Dec 03, 2020: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Thursday stressed the need for evaluating the clearance time with reference to the regional trading partners in
December 03, 2020 (MLN): Pakistan's Forex Reserves decreased by USD 310.60 Million or 1.51% and the total liquid foreign reserves held by the country stood at USD 20,241.80 Million on Nov 27, 2020.
December 3, 2020: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad today. Minister for
December 03, 2020 (MLN): Foreign Investors during the week ended November 27, 2020, took out net amount of Rs. 1.57 billion by selling of local securities, whereas last week, the accounts observed a
Dec 03, 2020: European stocks steadied at the open Thursday, as traders weighed Covid vaccine hopes against rising infections and uncertainty surrounding a post-Brexit trade deal, OPEC oil output and US stimulus package.
December 03, 2020: The group of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, will meet on Thursday over a possible extension of production cuts over the coming months.
December 03, 2020 (MLN): The growing circular debt is not only plaguing cash-bleeding power sector where it was accumulating at supersonic speed and crossed the Rs 2,253 billion mark, but now the circular
December 03, 2020: Pakistan International Airlines and Oriental Sky Aviation limited have signed a landmark cargo charter agreement which will pave way for direct and daily dedicated cargo flights between Pakistan and China.
December 2, 2020 (MLN): The headline inflation for the month of Nov’20 decelerated to 8.35%YoY and 0.82% MoM, compared to 8.91% YoY and 1.7% MoM in the previous month, bringing the 5MFY21 CPI
December 02, 2020: State Bank of Pakistan (SBP) has issued a regulatory framework to facilitate Business-to-Consumer (B2C) e-Commerce exports from Pakistan. Under the new regulatory framework, the mandatory requirement of ‘Export’ (E) form
December 2, 2020: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad today. Minister for
December 2, 2020 (MLN): Chinese Smart Phone Manufacturer, VIVO, has decided to establish a smart phone manufacturing facility in Pakistan, for which the land has been purchased. This was informed by Minister of
December 2, 2020 (MLN): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Wednesday informed that the Economic Coordination Committee (ECC) of the cabinet, approved removal of Regulatory Duty on
December 2, 2020 (MLN): Pakistan has been ranked 83rd among 128 countries surveyed in the world on complaint mechanism, a World Justice Project (WJP) Survey conducted by Gallup Pakistan stated on Wednesday. As
March 02, 2020 (MLN): The non-government sector has borrowed another net sum of Rs.15.14 billion during the week ended February 21, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020 to Rs.187.16
March 02, 2020 (MLN): The government of Pakistan has retired an additional sum of Rs.15.58 billion during the week ended February 21, 2020, which brings its total net retirement for ongoing fiscal year FY2020 to
March 02, 2020: The Liquefied Petroleum Gas Industries Association Pakistan (LPGIAP) on Monday asked the government to take action against the elements involved in creating artificial shortage of the commodity, especially after limited movement on
March 02, 2020: SAARC Chambers of Commerce and Industry (CCI) president-designate Iftikhar Ali Malik Monday welcoming the signing of the historic US-Taliban peace agreement termed it not only an important step in achieving a lasting
March 2, 2020 (MLN): Banking sector deposits grew 12% YoY from Rs 13.057 trillion in January 2019 to Rs 14.67 trillion in January 2020, revealed latest data issued by State Bank of Pakistan (SBP) on
March 02, 2020 (MLN): Pakistan's Yearly Inflation Rate (New Base 2015-16) in February 2020 was 12.40 percent compared to 14.56 percent in January 2020 and 6.80 percent in February 2019. The July-February average inflation is
March 2, 2020: Federal Minister for Economic Affairs Hammad Azhar has said that incumbent government took difficult decisions to save the country from bankruptcy. Talking to newsmen in Lahore on Sunday, he said that the
March 2, 2020: A high-level delegation of Faisalabad Industrial Estate Development and Management Company (FIEDMC) on Saturday left for United Kingdom (UK) on a 5-day tour to promote bilateral trade and enhance close cooperation through
March 1, 2020 (MLN): Besides the havoc witnessed last week after the deadly coronavirus took its entry in Pakistan, a number of interesting developments have been observed at both the state and the national level.
Mar 01, 2020: The Federal government has so far authorized release of Rs 464.707 billion for various ongoing and new social sector uplift projects under its Public Sector Development Program (PSDP) 2019-20, as against the
Mar 01, 2020: The Oil and Gas Regulatory Authority (OGRA) on Sunday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of March. According to the notification, the authority has decreased the
March 01, 2020 (MLN): Weekly economic roundup summarizes the country’s key economic and financial data for the week from different sectors to keep an eye on trends in the upcoming week. The Weekly Sensitive
Market Data and Economic Indicators Weekly Performance Feb 28, 2020 Feb 21, 2020 PKR InterBank 154.2308 154.2038 KSE100 Index 37,983.62 40,249.22 Avg Daily Volume 173,598,542 106,451,146 Gold (Karachi) Rs/10 gm 80,376 80,290 KIBOR 6M
February 29, 2020: Additional Director State Bank of Pakistan, Moinuddin said Saturday that in order to promote legal remittances business, a scheme has been launched to provide Rs1 on every one dollar to all those
February 29, 2020: The government on Saturday reduced the petrol prices by Rs.5 per liter to provide relief to the consumers. According to press release issued by the Ministry of Finance, petrol would be now
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