May 20, 2020: Asian markets were mixed Wednesday as a rally over the previous two days ran out of steam on profit-taking, with investor confidence also tempered by ongoing worries about the long-term
May 19, 2020: Moody's Investors Service, (“Moody's”) has today placed on review for downgrade the B3 long-term local-currency deposit ratings of Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB),
May 19, 2020: Prime Minister’s adviser on Commerce and Investment Abdul Razak Dawood on Tuesday said the government has prioritized to more concentrate on perusing the “Make in Pakistan Policy” in current challenging
May 19, 2020: The Asian Development Bank (ADB) has approved a $300 million emergency assistance loan to strengthen Pakistan’s public health response to the novel coronavirus disease (COVID-19) pandemic and help meet the
May 19, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired a meeting here at the Finance Division with Mr. Atif R. Bukhtiar Chairman Board of Investment
May 19, 2020: A prolonged global slump and surge in bankruptcies arising from the coronavirus pandemic are the foremost concerns for companies surveyed in a World Economic Forum report Tuesday. Recessions on a
May 19, 2020: The informal briefing, chaired by QU Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO), brought together the Rome-based Permanent Representatives of FAO member countries. The
May 19, 2020 (MLN): Businesses have started to benefit from SBP’s Rozgar Refinance Scheme as Commercial Banks have received applications from businesses to avail financing under the scheme for payment of wages and
May 19, 2020: World Bank will provide funding worth 371 million dollars for two projects in Khyber Pakhtunkhwa and Punjab. An agreement, to this effect, was signed in Islamabad on Monday between the
May 19, 2020: Prime Minister Imran Khan says the government has to maintain a balance between economic activities and preventive measures against Coronavirus pandemic. He was talking to President Federation of Pakistan Chambers
May 19, 2020: Adviser to the Prime Minister on Finance, Dr. Abdul Hafeez Shaikh says the government would not introduce any new tax in the upcoming budget to facilitate the industrial sector. Talking
May 19, 2020: Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday as investors tracked a surge across
May 18, 2020 (MLN): Pakistan’s Gross Domestic Product (GDP) during the ongoing fiscal year (FY20) is expected to show negative growth of 0.38% after 68 years. This suggests that FY20 is going to
May 18, 2020 (MLN): The non-government sector has retired a net sum of Rs.30.13 billion during the week ended May 08, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020
May 18, 2020 (MLN): The government of Pakistan has acquired an additional debt of Rs.185.95 billion during the week ended May 08, 2020, which brings its total net borrowing for ongoing fiscal year
May 15, 2019: The Indus River System Authority (IRSA) Wednesday released 202,800 cusecs water from various rim stations with inflow of 176,900 cusecs. According to the data released by IRSA, water level in the Indus
May 15, 2019: President, Islamabad Chamber of Commerce and Industry (ICCI) Ahmed Hassan Moughal on Wednesday said the government should extend amnesty scheme at least till December 2019 so that maximum undisclosed expenditures, sales and
May 15, 2019: Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh says asset declaration scheme will help encourage people to disclose their hidden assets legally by 30th of next month. Addressing a press
May 15, 2019 (MLN): After months of tiring negotiations and discussions, Pakistan has finally reached a staff level agreement with the International Monetary Fund (IMF) for a 39-month Extended Fund Facility (EFF) for about $6
May 15, 2019 (MLN): Pakistan's trade deficit for 10 months (July-April) FY19 was USD 26.30 billion compared to a deficit of USD 30.17 billion from the corresponding period from FY18. According to data released by
May 15, 2019: Minister for Communications and Postal Services Murad Saeed has said the Pakistan Post has increased its revenue by 6 billion rupees within a year. In a statement in Islamabad, the minister said the
May 14, 2019 (MLN): Prime Minister Imran Khan today chaired a meeting of the Federal Cabinet which approved the asset Declaration Scheme, 2019, which gives Pakistani citizens another opportunity to declare and legalize previously undisclosed
May 14, 2019 (MLN): Morgan Stanley Capital Index (MSCI)’s semi-annual index review took place earlier today and its results toned down markets’ anxiety levels by many folds as it announced no change in Pakistan’s status
May 14, 2019: In what can be termed a matter of pride and privilege for the country, Pakistan has been ranked 3rd in the world for newly installed hydropower capacity. This was declared by the
May 14, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group has increased by 1.16% during the week ended May 9, 2019 while the SPI increased by 13.32% compared to the corresponding
May 14, 2019 (MLN): The meeting of the Economic Coordination Committee is scheduled for Wednesday, wherein it will discuss 16 points agenda. The key highlight of the meeting would be the electricity rate, wherein the
May 14, 2019 (MLN): Pakistan and the International Monetary Funds (IMF) have finally reached a long anticipated middle ground under which the Fund has extended a financial assistance of $6 billion to the former, and
May 14, 2019: A ten-member Pakistan delegation led by secretary Finance and Revenue, Muhammad Younus Dagha has left for China to attend a two day meeting of the Asia Pacific Joint Group (APG) in Guangzhou
May 14, 2019: Federal Minister for Planning and Development Makhdoom Khusro Bakhtiar says incumbent government would bring structural reforms in the country. Talking to a private news channel, he said government is fully committed to
May 14, 2019: Prime Minister Imran Khan says government is taking concrete measures to put the national economy on right path. He was speaking at a meeting with Parliamentarians of ruling party and allied parties
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