July 01, 2020 (MLN): Cabinet Committee on Privatization (CCOP) will discuss the privatization of Roosevelt Hotel, Manhattan, New York, owned by Pakistan International Airlines Investment Limited (PIA-IL). The meeting is scheduled to take
July 1, 2020 (MLN): Insurers will be paying a whopping $107 billion on claims related to COVID-19 – but it’s unlikely that the payouts will end with that, says Lloyd’s the underwriter in
July 01, 2020 (MLN): When you think about your employment status, do you want to know the percentage distribution of employed persons in your occupation group? Many of us have no idea the
July 01, 2020 (MLN): Pakistan's Yearly Inflation Rate (New Base 2015-16) in June 2020 was 8.59 percent compared to 8.22 percent in May 2020 and 8.000 percent in June 2019. The July-June average
July 01, 2020: The World Bank has said that Pakistan is not immune to the economic shock caused by the coronavirus and its exports have been hit hard, as the country recorded $1.39
June 30, 2020 (MLN): The Federal Board of Revenue (FBR) has successfully achieved a target of Rs. 4 trillion in terms of gross revenue despite coronavirus struggles. The FBR spokesperson announced on official
June 30, 2020: SBP has decided to extend the Rozgar scheme for another three months and, in collaboration with the Government of Pakistan, has increased the risk coverage for SMEs under the scheme.
June 29, 2020: European Union air safety agency has suspended Pakistan International Airlines’ authorization to operate in Europe for six months following revelations that 40% pilots in Pakistan have ‘fake’ flying licences.
June 29, 2020 (MLN): As the last month of the current fiscal year (FY20) nears end, the Pakistan Bureau of Statistics (PBS) is all set to release the numbers for Consumer Price Index
June 30, 2020: The outgoing year 2019-20 proved to be a historic for hydel power generation in Pakistan, as WAPDA provided highest ever number of hydel electricity i.e. 37.4 billion units to the
June 30, 2020 (MLN): A meeting of the Economic Coordination Committee (ECC) of the Cabinet is slated to take place on Wednesday i.e. July 1, 2020, with Adviser to the Prime Minister on
June 29, 2020: The World Bank’s Board of Executive Directors approved today $500 million in financing for the Resilient Institutions for Sustainable Economy program (RISE) to help Pakistan strengthen fiscal management, promote transparency
June 30, 2020 (MLN): State Bank of Pakistan (SBP) has received $1.3 billion as GOP loan disbursements from Chinese Banks this week. This brings the total amount of official inflows received since 23rd
June 30, 2020: Stock markets rose in Asia on Tuesday as traders welcomed positive economic data from China and the US, which helped offset a pick-up in virus infections and the reimposition of
June 30, 2020: Prime Minister Imran Khan has said the development of the agricultural sector is the top priority of the government as the prosperity of the country is linked with it. He
July 9, 2019: A five member delegation from Emirates National Bank led by its CEO Fahad Al Qasim called on the Adviser to Prime Minister on Finance, Dr. Abdul Hafeez Sheikh, on Tuesday. The Adviser
July 9, 2019 (MLN): The International Monetary Fund released a staff report on Monday in response to Pakistan’s request for an extended arrangement under the extended fund facility. The comprehensive report covers a wide arena
July 9, 2019: OICCI’s 2019 annual security survey, conducted in June 2019, shows that the foreign investors, OICCI members’, perception of the country’s security environment has further improved significantly compared to the already improved security
July 9, 2019: Pakistan Post, after taking revolutionary steps, has become the most profitable public department this year by increasing its revenue by 116 percent as compared to the Fiscal Year 2017/18. Deputy Chief Account
July 9, 2019: International Monetary Fund Mission chief for Pakistan, Ernesto Ramirez-Rigo says that the Fund will release the $1 billion tranche for Pakistan, shortly. In conversation with media representatives, Ernesto said that releasing loan would help
Jul 8: The National Assembly Standing Committee on Industries and Production here on Monday was informed that government was intended to operate Pakistan Still Mills (PSM) on public private partnership in order to make this
July 08, 2019: The Asian Development Bank (ADB) and the Government of Pakistan today held a series of country consultations to formulate a new Country Partnership Strategy (CPS), which will guide ADB’s engagement in the
July 8, 2019: The All Pakistan Textile Mills Association (APTMA) Chairman Syed Ali Ahsan has urged the government to direct SNGPL to remove unjustified arrears from gas bills and sort out the issues regarding subsidy
July 8, 2019: Reiterating the government’s support for the development of housing sector, Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh on Monday emphasized the need to incentivize real estate sector to attract
July 8, 2019: Chairman Federal Board of Revenue Shabbar Zaidi has said the government is seriously considering steps to check smuggling, under-invoicing and abuse of Afghan transit trade agreement. Addressing a ceremony in Faisalabad on
July 8, 2019: Pakistani and Turkmen experts are set to meet next month to review arrangements and finalize modalities for groundbreaking of Pakistan-section of TAPI gas pipeline, scheduled to be performed in Chaman in October.
July 8, 2019: Pak-Afghan border at Torkham will remain operational round the clock from next month to facilitate bilateral and transit trade activities. According to District Administration Khyber, necessary arrangements for this purpose have almost
July 8, 2019: Spokesman/Focal Person, China Pakistan Economic Corridor Ministry of Planning, Development & Reform, Mr. Hassan Daud has clarified a news article carried by some sections of International media titled “IMF Won't Stop China
July 7, 2019 (MLN): The KSE-100 index seemed to be in a state of disarray after the government came into action to strike down tax evaders by confiscating their properties and SECP’s issuance of Search
Market Data and Economic Indicators Weekly Performance Jul 05, 2019 Jun 28, 2019 PKR InterBank 156.9266 160.0521 KSE100 Index 34,190.02 33,901.58 Avg Daily Volume 86,548,448 146,445,044 Gold (Karachi) Rs/10 gm 66,960 67,378 KIBOR 6M
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