September 10, 2020: The European Central Bank left policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening inflation expectations, ECB President Christine Lagarde is expected to
September 10, 2020: Pakistan Stock Exchange (PSX) welcomed the visit of President of Pakistan, Dr. Arif Alvi, to the Stock Exchange. This was his very first visit to the Exchange since taking office
September 10, 2020 (MLN): In the month of August 2020, the total deposits held by commercial banks stood all time high at Rs 16.32 trillion, depicting a growth of 17% YoY and 1.3%
September 10, 2020 (MLN): If we look at the sales figures of the Cement sector, it doesn’t depict the true picture of the sector performance as the cement stocks have recently outperformed i.e.
September 10, 2020: Prime Minister Imran Khan will inaugurate Roshan Digital Account for overseas Pakistanis today [Thursday]. In a press release, PM Office Media Wing said it would be a major initiative by
September 09, 2020: Markets rose on both sides of the Atlantic on Wednesday, brushing aside falls in Asia and an overnight rout on Wall Street, but US jeweller Tiffany slumped on news its
Sep 09, 2020: Pakistan’s ambassador to Saudi Arabia Raja Ali Ejaz welcomed the Kingdom’s decision to extend the validity of reentry visas and residency permits for foreign workers stranded in other countries due
Sep 09, 2020: Cross domestic product (GDP) in the eurozone shrank by 11.8 percent while the employment rate decreased by 2.9 percent in the second quarter of 2020 compared to the previous quarter,
Sep 09, 2020: The unemployment rate in Organization for Economic Co-operation and Development countries dropped to 7.7% in July, the OECD said on Wednesday. The figure fell from 8.0% in June, but was
Sep 09, 2020: The Federal Board of Revenue (FBR) Wednesday launched user-friendly mobile application for filing income tax returns and also introduced a new and simplified tax return form to facilitate filers to
September 09, 2020 (MLN): The non-government sector has borrowed a net sum of Rs.970.34 million during the week ended August 28, 2020, which brings the cumulative net retirment for ongoing fiscal year FY2021
September 09, 2020 (MLN): The government of Pakistan has accumulated Rs.181.95 billion during the week ended August 28, 2020, which brings its total net retirement for ongoing fiscal year FY2021 to Rs.160.06 billion.
September 9, 2020: The second phase of the auction of Federal Government owned Properties was held in Lahore today. Federal Minister for Privatisation Mohammedmian Soomro was the chief guest at the occasion. The
September 9, 2020: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the formation of an Advisory Committee for the release of unsold Next Generation Mobile Services (NGMS) spectrum. The meeting
September 9, 2020: Prime Minister Imran Khan on Wednesday said the natural gas sector in the country was facing imminent challenges of resource shortage and circular debt, and stressed a long-term strategy keeping
October 21, 2019 (MLN): Pakistan’s services exports dropped by 3% YoY during Jul- Sept 2019 to $1.2 billion as against $1.26 billion in the same period last year, according to latest data released by State
October 21, 2019 (MLN): Pakistan’s services exports dropped by 7.15% YoY during Jul- Aug 2019 to $809 million as against $871 million in the same period last year, according to latest data released by Pakistan
October 21, 2019: The International Monetary Fund (IMF) and the World Bank (WB) have assured of their continued support to Pakistan’s development efforts and economic reform process undertaken by the government. Adviser to the Prime
October 21, 2019: Ambassador of Japan in Pakistan Kuninori Matsuda has said his country would sign a Memorandum of Understanding with the Pakistani government to hire more skilled workers. He was addressing a reception hosted
October 21, 2019: Australia wants to enhance cooperation with Pakistan in mining technology, education, dairy, livestock, and other sectors. This was stated by Australian Trade Commissioner Mark Morley during a meeting with the business community
October 20, 2019 (MLN): Director of the International Monetary Fund (IMF) Middle East and Central Asia Department Jihad Azour has said that the Reform agenda currently in place in Pakistan supported by IMF is the
October 20, 2019 (MLN): Among various economic and policy-oriented developments that took place during the departed week, the event which took most of the attention was the meeting of Financial Action Task Force (FATF) in
Oct 20, 2019: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has said that Pakistan’s economy was on the right path to stabilization, urged the US businesses to benefit from
October 20, 2019 (MLN): The financial picture of the country in full details was highlighted with the economic and financial data releases over the course of the week. The Weekly Sensitive Price Indicator (SPI) for
Market Data and Economic Indicators Weekly Performance Oct 18, 2019 Oct 11, 2019 PKR InterBank 155.9051 156.0652 KSE100 Index 33,870.15 34,475.69 Avg Daily Volume 139,784,976 284,304,364 Gold (Karachi) Rs/10 gm 74,588 74,228 KIBOR 6M
October 18, 2019 (MLN): Pakistan current account deficit during the first 3 months of FY20 stood at USD 1.548 Billion compared to USD 4.287 billion from the corresponding period last year. According to the data
October 18, 2019: The International Monetary Fund (IMF) has appreciated the progress made towards stabilization of Pakistan's economy and government's commitment to the reform process. The appreciation came when Adviser to Prime Minister on Finance
October 18, 2019 (MLN): The non-government sector has retired another net sum of Rs.1.79 billion during the week ended October 11, 2019, which brings the cumulative net retirment for ongoing fiscal year FY2020 to Rs.66.22
October 18, 2019: The Indus River System Authority (IRSA) Friday released 73,700 cusecs water from various rim stations with inflow of 71,900 cusecs. According to the data released by IRSA, the water level in the
October 18, 2019: Food group imports into the country during the first 3 months of the current financial year has decreased considerably by 24.7%, whereas, exports increased by 13.98% as compared the corresponding period of
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