August 11, 2020: Stock markets surged Tuesday on optimism that lawmakers in Washington will hammer out a new stimulus package for the crippled American economy. European equities got an extra shot in the
August 11, 2020: Although none of the coronavirus vaccines under development has proved its efficacy yet in clinical trials, at least 5.7 billion doses have been pre-ordered around the world. First shipments of
August 11, 2020 (MLN): The Federal Board of Revenue (FBR) has intensified action against irregularity, corruption and inefficiency and suspended ten more officers. The suspended Customs officers included seven Inspectors, two Superintendents and
Aug 11, 2020: The Security and Exchange Commission of Pakistan (SECP) has revamped numerous regulatory regimes by reducing obstacles in many of its regulated sectors for ensuring Ease of Doing Business (EODB). Under
August 11, 2020: On 10th August 2020, Center for Global & Strategic Studies organized a webinar on “Problems Faced by the Cotton Industry in Pakistan” to discuss the various issues faced by the
August 11, 2020: Pakistan has registered record enhancement in the export of fruits & vegetables despite coronavirus global pandemic. The Financial year 2019-20 has witnessed an overall increase in export of fruits &
August 11, 2020 (MLN): Economic Coordination Committee (ECC) will discuss the financial challenges of Roosevelt Hotel, Manhattan, New York, owned by Pakistan International Airlines Investment Limited (PIAIL). The summary has been moved by
August 11, 2020: Pakistan’s goods and services trade with Italy witnessed surplus of 3.13 percent during fiscal year (2019-20) as compared to the corresponding period of last year. According to State Bank of
August 11, 2020 (MLN): Pakistan’s ‘Look Africa Policy’ continues to show some results as exports in a number of African countries posted reasonable growth, announced by Abdul Razak Dawood on his social media
August 11, 2020 (MLN): Pakistan-China border via Khunjerab Pass in Hunza has closed for traffic from last night. The border was opened for thirteen days to evacuate containers loaded with Chinese goods
August 11, 2020: Prime Minister Imran Khan held a telephonic conversation with His Excellency Ibrahim Mohamed Solih, President of Maldives, yesterday. The two leaders exchanged views in detail on the challenges posed by
August 11, 2020: The United Arab Emirates has expressed the interest to invest in development projects in Pakistan. The interest was shown by a UAE delegation headed by the Managing Director of a
August 10, 2020: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai. The airline
August 10, 2020 (MLN): The Second month of the ongoing fiscal year (FY21) has so far witnessed net inflow of $4.453 million in short-term government securities particularly T-bills. According to the data released
August 10, 2020: A new report published by the International Trade Centre (ITC) and the World Bank Group reveals that more than half of Pakistani exporters struggle with domestic and foreign regulatory barriers.
September 8, 2019 (MLN): The departed week witnessed several important developments that have a direct impact on the economic operations of Pakistan. What caught the market’s attention was the government’s decision to scrap the Gas
Market Data and Economic Indicators Weekly Performance Sep 06, 2019 Aug 30, 2019 PKR InterBank 156.3241 156.8577 KSE100 Index 30,467.20 29,672.12 Avg Daily Volume 93,023,094 123,883,682 Gold (Karachi) Rs/10 gm 76,303 76,732 KIBOR 6M
Sep 07, 2019: United States Central Command (CentCom) Commander General Kenneth F. McKenzie Jr. accompanied by the US Ambassador to Pakistan Paul Jones and others Saturday visited Tarbela Dam Project. During the visit, he had
Sep 06, 2019: National Electric Power Regulatory Authority (NEPRA) investigation committee has held responsible K-Electric for 19 out of 35 electrocution cases besides breakdown of power supply for longer duration. The NEPRA Authority issued show
Sep 06, 2019: Federal Board of Revenue (FBR) has changed the rules to facilitate Small and Medium Enterprises (SMEs) to enhance exports through Notification No. 1002(I)/2019 dated 06.09.2019 which has introduced amendments in original Notification
Sep 06, 2019: The federal government on Friday approached the Supreme Court of Pakistan for urgent hearing over the Gas Infrastructure Development Cess (GIDC) so the matter should be decided according to the law and
Sep 06, 2019: The Finance Ministry Friday categorically refuted the claims made in certain media reports that the International Monetary Fund (IMF) was sending an SOS mission to Pakistan owing to the fiscal outcomes of
September 06, 2019 (MLN): The non-government sector borrowed a net sum of Rs.28.69 billion during the week ended August 30, 2019, which brings the cumulative net retirment for ongoing fiscal year FY2020 to Rs.98.82 billion.
September 06, 2019 (MLN): The government of Pakistan has acquired a net debt of Rs.126.49 billion during the week ended August 30, 2019, which brings its total net borrowing for ongoing fiscal year 2020 to
Sep 06, 2019: The government will spend Rs581.812 million on four ongoing and two new petroleum sector projects under the Public Sector Development Programme (PSDP 2019-20) to achieve self-sufficiency in the energy sector. According to
Sep 06, 2019: As early-harvest phase of China-Pakistan-Economic Corridor (CPEC) successfully approached its logical conclusion, both Pakistan and China are now stepping up preparations for a new stage of higher-quality development, Pakistan's Ambassador to China
September 6, 2019: FBR Chairman Shabbar Zaidi informed the meeting Prime Minister Imran Khan has said reforms in FBR and elimination of corruption in state institutions is top priority of the government. Prime Minister said
September 6, 2019: Prime Minister's Adviser on Finance Dr. Abdul Hafeez Shaikh says the government has approved projects worth 250 billion rupees for the uplift of agriculture sector to enhance crop productivity and better farming.
Sep 05, 2019: Federal Board of Revenue (FBR) has directed all the Chief Commissioners Inland Revenue to ensure that before granting extension in the date of filing of Income Tax Returns for the Tax Year
Sep 05, 2019: Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Thursday said the government has overcome immediate challenges faced by the economy by taking right decisions and focus has now
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