May 18, 2020 (MLN): Foreign direct investment flows dropped by 52.2% MoM to stand at $133.3 million in April’20 as the economy is taking a big hit amid COVID-19 pandemic. This decline in
May 18, 2020: The G-20 Debt Service Suspension Initiative (DSSI) announced on 15 April will free up resources for coronavirus-related spending, but at this stage is unlikely to ease the significant credit challenges
May 18, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired a meeting here at the Finance Division through video link with Dr. Ikram-ul-Haq to discuss proposals
May 18, 2020 (MLN): After witnessing a blow of investment slippage from Pakistan debt market, the outflow seems to have slowed down in the month of May 2020 as some inflows in government’s
May 18, 2020 (MLN): The Foreign Direct Divestment in Pakistan during the month of April 2020, totaled $511.5 million, which is lower by around 69 percent as compared to the previous month and
May 18, 2020: Europe's main stock markets rallied in opening deals on Monday, with investor sentiment buoyed by a further easing of coronavirus lockdowns around the world. At the opening bell, London's
May 18, 2020 (MLN): The import bill of the Machinery group contracted by around 21.33% MoM and 37.41% YoY to clock in at $490 million in the month of April 2020. According to
May 18, 2020: Japan dived into its first recession since 2015, according to official data Monday, with the world's third-largest economy contracting by 0.9 percent in the first quarter as it wrestles with
May 18, 2020 (MLN): Monetary policy committee of the State bank of Pakistan (SBP) at its recent meeting held on Friday i.e. May 15, 2020 slashed the policy rate by a further 100
May 18, 2020: The world's biggest economy faces a severe downtown but will not suffer another Great Depression, US Fed chief Jerome Powell said on Sunday, as three hardest-hit countries in Europe reported
May 18, 2020: Asian markets rose Monday as a further easing of lockdowns around the world offset another round of data highlighting the sharp economic pain being inflicted by the virus. Traders also
May 17, 2020 (MLN): In the month of April 2020, the total deposits held by commercial banks has increased to Rs 14.47 trillion against Rs 13.14 trillion in the same month of last
By Asad Rizvi AS PER FORECAST, SBP CUT RATE BY 1% TO 8%. After Friday’s 1% SBP Policy Rate cut, which is as per my Forecast, SBP may go for a temporary pause.
May 17, 2020 (MLN): The highlights of the important economic and business events witnessed during the last week are in order to become acquainted with the recent developments in Pakistan’s economic and public
Market Data and Economic Indicators Weekly Performance May 15, 2020 May 08, 2020 PKR InterBank 160.0979 159.966 KSE100 Index 34,008.33 33,267.69 Avg Daily Volume 219,090,550 190,169,178 Gold (Karachi) Rs/10 gm 81,447 82,133
May 13, 2019 (MLN): The Ministry of Finance has prepared the draft of the Tax Amnesty Scheme which has been approved by the Advisor on Finance Dr. Hafeez Shaikh. According to sources the final approval
ISLAMABAD, May 13: The National Assembly Standing Committee on Finance, Revenue and Economic Affairs Monday elected Asad Umar as its Chairman. Earlier in committee meeting, Special Secretary, National Assembly Secretariat briefed the members about procedure
ISLAMABAD, May 13: The Ministry of Commerce Monday rebutted a news items appearing in different sections of the press on the day regarding Free Trade Agreement (FTA) between Pakistan and Turkey, terming it 'contrary to
May 13, 2019 (MLN): The non-government sector has accumulated a total net debt of Rs.889 billion during ongoing fiscal year (FY19) as of May 3, 2019, reports the State Bank of Pakistan’s weekly data on
May 13, 2019 (MLN): The federal government has entrusted the function of Secured Transaction Registry (STR) for unincorporated entities to the Securities and Exchange Commission of Pakistan (SECP). The registry will record charges/security interests created
May 13, 2019 (MLN): The government of Pakistan has accumulated an additional net debt of Rs.45.87 billion during the week ended May 03, 2019, which brings its total net borrowing for ongoing fiscal year (FY19)
May 13, 2019 (MLN): Pakistan and IMF have reached a staff-level agreement on Economic Policies with Pakistan for a Three-Year Extended Fund Facility (EFF) for about $6 billion. The EFF arrangement aims to support the
May 13, 2019: Federal Board of Revenue is taking vigorous actions to counter illicit movement of currency, which is the primary tool used for money laundering and moving proceeds of crime in and out of
May 13, 2019 (MLN): Honorable Prime Minister Imran Khan has almost completed nine months in office. Without a doubt, his short yet thrilling journey as a Prime Minister has seen many ups and downs (read:
ISLAMABAD, May 12: Central Directorate of National Savings (CDNS) has achieved a net target of Rs 340 billion by April 30 of the fiscal year 2018-19 as compared to last year’s collection of Rs120 billion.
May 12, 2019 (MLN): “The Pakistani authorities and the IMF team have reached a staff level agreement on economic policies that could be supported by a 39-month Extended Fund Arrangement (EFF) for about US$6 billion.
May 12, 2019: Pakistani and Turkish officials held talks in Ankara to finalize Pakistan-Turkey Strategic Economic Framework aimed at boosting trade and commercial ties between the two brotherly countries. Secretary, Economic Affairs Divison Noor Ahmed
May 12, 2019 (MLN): Persistently, closing its 6th consecutive week on a negative note, the local equity market seems to be performing at its worst with volumes continuing to fall. During the outgoing week, KSE-100
Market Data and Economic Indicators Weekly Performance May 10, 2019 May 03, 2019 PKR InterBank 141.3938 141.3172 KSE100 Index 34,716.53 36,122.95 Avg Daily Volume 73,480,520 105,088,558 Gold (Karachi) Rs/10 gm 59,328 58,300 KIBOR 6M
May 10, 2019 (MLN): Pakistan and the visiting IMF mission have made good progress in their discussions the Finance Ministry said in a statement. According to the Finance ministry the consultations are expected to continue
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