June 15, 2019 (MLN): On the agricultural front, the government has been in a continuous effort to increase welfare of the farmers through various measures. In the budget for the FY21, the government
June 15, 2020: European stock markets lost more than two percent in opening deals on Monday, as investors fretted over the second wave of coronavirus infections that could derail the economic recovery.
June 15, 2020 (MLN): In a recent budget FY2020-21, there is no new incentive announced for Textile, though this sector being an export-oriented, faces a double whammy of COVID-19 on both demand and
June 15, 2020 (MLN): The non-government sector has retired a net sum of Rs.77.16 billion during the week ended June 05, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020
June 15, 2020 (MLN): The government of Pakistan has acquired an additional debt of Rs.129.41 billion during the week ended June 05, 2020, which brings its total net borrowing for ongoing fiscal year
June 15, 2020: Minister for Industry and Production Hammad Azhar says the government has presented a balanced budget despite the difficult situation of coronavirus. Talking to a private TV channel, he said the
June 15, 2020: Equities dipped Monday, extending last week's losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and
June 14, 2020: Chief Executive Officer of China's Overseas Port Holding Company Zhang Baozhong, says Gwadar Port will be a new economic hub of Pakistan and the highest GDP contributor to its economy
June 14, 2020 (MLN): The highlight of the departed week was the announcement of budget for the FY21, in which the government has provided some reprieve in order to battle the Coronavirus, while
Market Data and Economic Indicators Weekly Performance Jun 12, 2020 Jun 05, 2020 PKR InterBank 164.2461 163.3011 KSE100 Index 34,611.23 34,350.42 Avg Daily Volume 225,565,479 156,369,652 Gold (Karachi) Rs/10 gm 84,191 83,676
June 14, 2020 (MLN): The latest weekly roundup is here to synthesize the events of the last week as well as to update the financial and economic data releases as they provide a
June 14, 2020 (MLN): The total amount for External Receipts in the federal budget for FY21 are estimated at Rs 2.22 trillion, shows a decline of 2% over the revised estimates for budget
June 14, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.05% during the week ended Jun 11, 2020 while the SPI increased by 8.49% compared to the
June 12, 2020 (MLN): The total amount allocated for Total Capital Receipts, which is the sum of Recoveries of Loans & Advances and Capital Receipts, in the Federal Budget for the Fiscal Year
June 13, 2020 (MLN): The much-awaited budget FY2020-21 was announced yesterday, with Rs 209 billion enacted towards subsidy, marking a decrease of 40% and 24% from the revised estimates and actual budget figures
June 13, 2019: Sindh Minister for Excise, Taxation & Narcotics Control and Parliamentary Affairs, Mukesh Kumar Chawla has said that Sindh Excise and Taxation Department has recovered more than 94 percent tax during the current
June 13, 2019: Minister of State for Revenue Hammad Azhar has said that tax laws would be implemented across the board without any discrimination. Talking to a news channel, he said no one would be
June 12, 2019 (MLN): Opting for a realistic approach to support stabilization in the economy, narrowing fiscal deficit and managing external account, newly elected government announced its first annual revenue focused budget. Having missed all
June 12, 2019 (MLN): The Federal Budget for the fiscal year 2019-2020 was presented by Minister for Revenue, Hammad Azhar on June 11, 2019. While many are lauding the budget for being both stringent and
June 12, 2019 (MLN): The central government has acquired a debt of Rs.28 trillion as of April 2019, which is Rs.4.47 trillion higher than the amount borrowed by the same period last year and Rs.3.86
June 12, 2019 (MLN): Adviser to Prime Minister on Finance, Dr. Abdul Hafez Sheikh dismissed an impression that the government has imposed taxes on export items in federal budget, explaining that the duties would not
June 12, 2019 (MLN): The government’s statements of late have been falling short of completing a full circle and the latest discrepancy in GDP and inflation projections for fiscal year 2019 – 2020 announced in
June 12, 2019: Adviser to Prime Minister on Finance Dr Abdul Hafeez Sheikh will address a post-budget news conference in Islamabad on Wednesday afternoon. In his briefing, he will further explain the main features of
June 12, 2019 (MLN): Passenger car consumption in Pakistan’s domestic market stands at a total of 192,863 during the 11 months of fiscal year 2018 – 2019. In contrast, last year’s sales were higher by
June 12, 2019: Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of press which states that the new Finance Bill has allowed the non-filers to purchase immovable property or
Penned by: Muzzammil Aslam The budget is technically expansionary compared to previous budgets. The deficit is projected at 7.1% of GDP. Government is expected to spend over Rs2,800 Billion in debt servicing and transfer of
June 11, 2019 (MLN): Minister for Revenue, Hammad Azhar presented the country's Federal Budget 2018-19 in the National Assembly on June 11, 2019. He started off by describing the economic situation of the country before
June 11, 2019 (MLN): Funds allocation under Public Sector Development Programme (PSDP) has according to sources, been proposed to be kept at the same amount of Rs.675 billion in the upcoming fiscal year 2019 –
June 11, 2019: Minister for Power Omar Ayub Khan says a renewable energy policy is on the cards that will provide a level and competitive ground for investors with good rate of return on their
June 11, 2019 (MLN): As the federal budget for the next financial year is being announced today, it is anticipated that the GIDC (Gas Infrastructure and Development Cess) of Rs 48.6 Billion may be abolished
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