October 12, 2020: Optimism that US lawmakers will eventually pass a new stimulus package lifted Asian markets Monday, with the White House ramping up its offer and Donald Trump insisting Republicans want to
October 11, 2020: In addition to the Press release issued by the State Bank of Pakistan on the SRO by Ministry of Finance, the SBP released a set of Frequently Asked Questions in
October 11, 2020 (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 11, 2020 (MLN): The financial snapshot of the country in full detail is highlighted with the economic and financial data releases over the course of the week. The Weekly Sensitive Price Indicator
Market Data and Economic Indicators Weekly Performance Oct 09, 2020 Oct 02, 2020 PKR InterBank 163.8381 164.5083 KSE100 Index 40,798.43 40,070.83 Avg Daily Volume 415,517,580 390,972,826 Gold (Karachi) Rs/10 gm 98,080 96,022
October 11, 2020: On 6th October 2020, the Federal Government issued Foreign Currency Accounts Rules, 2020 under the provisions of Protection of Economic Reforms Act, 1992. There has been no change in the
October 10, 2020 (MLN): The Finance Ministry issued rules governing foreign currency accounts of individuals outlawing the deposit of foreign currency purchased from the open market into these accounts. According to the notification,
October 09, 2020: Stock markets rose Friday as news of progress on virus treatments boosted sentiment, following a bout of volatility over the prospects for a US stimulus package. Observers said that with
October 09, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.24% during the week ended Oct 08, 2020 while the SPI increased by 11.28% compared to the
October 9, 2020 (MLN): Bulls continued to rule the local bourse on Friday, with the benchmark KSE-100 index adding another 444 points and closed at 40,798 points i.e. up by 1.10% compared to
October 09, 2020 (MLN): The Ministry of Finance (MoF) has decided to issue floating-rate Pakistan Investment Bonds (PIBs) having a maturity of 3, 5, and 10 years with a quarterly profit or coupon
October 09, 2020 (MLN): Ministry of Commerce has expressed hope that the second round of reduction in Additional Customs Duties (ACDs) and Regular Duties (RDs) on another 150 lines of items, in the
October 09, 2020 (MLN): Sazgar Engineering Works Limited sold a total of 1,561 units of three-wheelers while producing 1,271 units during the month of September 2020. The aforesaid information was revealed by the
October 9, 2020: All Pakistan Textile Mills Association (APTMA) has sought for upward revision of duty drawbacks on exports to make them realistic with the current incidents of duties and taxes. The existing
October 09, 2020: Prime Minister Imran Khan and Facebook's Chief Operating Officer Sheryl Sandberg in a virtual meeting on Friday discussed the company's investments in Pakistan besides its support to digital literacy initiatives
Dec 11, 2019: Prime Minister Imran Khan Wednesday said that introduction of latest technology and provision of all possible facilities to the farmers’ community were among the government’s top priorities as the agriculture sector was
December 11, 2019: Pakistan, the world’s third-largest milk producer, is expecting $1.5 billion in mainly foreign direct investment (FDI) in its dairy sector as the country ramps up marketing efforts for pasteurized milk, the chairman
December 11, 2019: Russia has expressed willingness to expand cooperation with Pakistan in different sectors including the industrial, agricultural, energy, medicine and railways. These positive sentiments were expressed by Russian Trade Minister Denis Valentinovich during
December 11, 2019: The gold imports into the country decreased by 6.72 percent during the first four months of the current financial year (2019-20) as compared to the corresponding period of last year. Pakistan imported
December 11, 2019: Advisor to Prime Minister on Commerce Abdul Razak Dawood said that Pakistan is committed to work for achieving economic, social and cultural development in every country of South Asia by combating common
December 11, 2019: Prime Minister Imran Khan has directed the Ministry of Oil and Gas to ensure the provision of uninterrupted gas supply to domestic consumers. He issued the directives while presiding over the Federal
Dec 10, 2019: Pakistan was ranked at 152nd position among 189 countries in U.N.'s 2019 Human Development Index (HDI)'s annual rankings that is measured by combining indicators of life expectancy, educational attainment and income. The
December 10, 2019: Central Development Working Party has approved eight projects worth 31.44 billion rupees while referred three worth 40.22 billion rupees to the Executive Committee of the National Economic Council for consideration. Meeting of
December 10, 2019: Prime Minister chaired a meeting of government's economic team in Islamabad says the government is trying its best to provide all-out relief to the public despite its limited resources in order to
Dec 09, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.83% during the week ended Dec 05, 2019 while the SPI increased by 18.57% compared to the corresponding period
December 9, 2019 (MLN): Savings mobilisation by the National Savings Schemes (NSS) during July-Oct 2019 clocked in at Rs 80.97 billion, 19% higher than the amount of savings mobilised in July- Oct 2018. According to
December 9, 2019: The Federal Board of Revenue (FBR) has decided to implement a Track and Trace System for specified goods/products i.e. Cement, Sugar, Fertilizer and Beverages imported into or manufactured in Pakistan. This has
December 9, 2019 (MLN): The Federal Minister for Economic Affairs, Hammad Azhar said ADB is a valuable contributor in Pak’s development path. The govt. of Pak and ADB have scaled up their partner today with
December 9, 2019: Minister for Power Division Omar Ayub Khan has said gross circular debt has almost reduced to half due to prudent policies of the government. In a series of tweets, he said circular
December 9, 2019 (MLN): The signs of stability in Pakistan’s economy have started surfacing now through structural reforms initiated by the central bank to encourage exports to help to end the unrelieved business cycle. In
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