June 9, 2020: The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the
June 9, 2020: European stock markets dived on Tuesday on the back of dire corporate and economic news in the eurozone as investors waited for tomorrow's US Federal Reserve interest rate decision. Frankfurt, London,
Jun 09, 2020: The Central Directorate of National Savings (CDNS) has achieved a collection net target of Rs 350 billion in the current fiscal year by June 8. CDNS has set Rs 352
Jun 09, 2020: European stock markets opened narrowly mixed Tuesday, with London lower but eurozone indices up slightly despite extremely weak data coming out of the single currency bloc. London's benchmark FTSE 100
June 9, 2020: Germany will provide technical assistance worth four million Euros to Pakistan for the project titled 'Promotion of Renewable Energy and Energy Efficiency Concepts in Cities and Industries'. An agreement to
June 9, 2020: President Dr. Arif Alvi has stressed the need for adopting Innovative Information and Communication Technologies (ICT) in the public departments to improve their performance and efficiency. Speaking at the launch
June 9, 2020: The outlook for Britain's coronavirus-blighted labour market is at its bleakest for almost 30 years despite the easing lockdown, a survey showed Tuesday. Employment consultancy ManpowerGroup revealed the outcome
June 9, 2020: The Senate was informed on Monday that the government will ensure transparency in the privatization process of Pakistan steel mills. This was stated by Minister for Information and Broadcasting while
June 9, 2020: Prime Minister Imran Khan has emphasized the need to expedite the process of reforms and restructuring of Pakistan International Airlines to save the national exchequer of loss of billions of
June 9, 2020: Asian equities were mixed Tuesday as long-running optimism over the reopening of economies was offset by profit-taking following a week-long rally across markets. Sydney and Hong Kong were the
June 08, 2020 (MLN): The non-government sector has borrowed another net sum of Rs.21.02 billion during the week ended May 29, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020
June 08, 2020 (MLN): The government of Pakistan has acquired an additional debt of Rs.216.27 billion during the week ended May 29, 2020, which brings its total net borrowing for ongoing fiscal year
June 8, 2020: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh here on Monday has assured the representatives of business community that the government is giving proper consideration
June 8, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has assured that Rs 50 billion agriculture package announced by the government recently would be targeted and
Jun 08, 2020: The government and mobile industry leaders, the GSMA Monday jointly launched a report, “Pakistan, Progressing towards a Digital Economy” outlining the importance of the mobile sector to realizing the country's
Jun 17: National Accountability Bureau (NAB) has so far recovered record Rs 326 billion from the corrupt and deposited into the national exchequer, chairman Justice Javed Iqbal said on Monday. Presiding over Bureau's Executive Board
June 17, 2019 (MLN): Governor State Bank of Pakistan, Dr. Reza Baqir, will address an inaugural press conference today, i.e. June 17, 2019, in Karachi to discuss the economic outlook and the role of SBP.
Penned by Asif Ali Qureshi, CFA June 17, 2019 (MLN): The irony of having a perennially weak economy is that there is a precedence for almost every predicament. Just when a data point starts to
June 17, 2019: Pakistan’s products have attracted a large number of local and international entrepreneurs at the ongoing South and Southeast Asia Commodity Expo and Investment Fair in China’s Kunming city. Pakistan has set up
June 16, 2019 (MLN): The domestic equity market commenced the week on a negative note with the market falling by about 1000 points, as the government revealed missed targets for FY19 in the Economic Survey
Market Data and Economic Indicators Weekly Performance Jun 14, 2019 Jun 07, 2019 PKR InterBank 155.8482 148.6042 KSE100 Index 35,572.95 35,505.29 Avg Daily Volume 136,369,704 124,639,640 Gold (Karachi) Rs/10 gm 65,072 60,528 KIBOR 6M
ISLAMABAD: As part of the reforms relating to the development of the insurance market, the SECP has recommended to the federal government to introduce mandatory health insurance for the private sector employees. The SECP has
Jun 16: Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh on Saturday said the government wanted to overcome the fiscal and Current Account Deficit (CAD) for stabilizing the economy.
June 16, 2019 (MLN): Asian Development Bank has pledged to provide Pakistan USD 3.4 Billion for budgetary support. This was disclosed in a post made by Dr. Hafeez Shaikh on a social media account. Dr.
June 14, 2019 (MLN): Ali Jahangir Siddiqui has been appointed as Ambassador-at-Large for Foreign Investment. According to a notification issued by the Ministry of Foreign Affairs, the Prime Minister has approved the appointment, which is
June 14, 2019 (MLN): The government of Pakistan has accumulated an additional net debt of Rs.294.32 billion during the week ended June 07, 2019, which brings its total net borrowing for ongoing fiscal year (FY19)
June 14, 2019: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Friday directed for identifying misinvoicing in export declarations to ascertain the suspected items or sectors as well as destinations for such misdeclaration. The
Jun 14, 2019 (MLN): Overseas Pakistanis remitted USD 2.32 billion in the month of May 2019 compared to USD 1.78 billion in April 2019 showing an increase of USD 536.84 million or 30% over the
Jun 14, 2019: The government had released Rs 725.697 million for various agriculture and livestock sectors uplift projects of Ministry of National Food Security and Research under its Public Sector Development Program (PSDP) 2018-19 as
June 14, 2019 (MLN): Having completed its first 10 months in office, Pakistan’s incumbent government has realized the severe need to pull up their socks and combat corruption and money laundering in order to not
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