April 8, 2020: The Asian Development Bank has projected that Pakistan’s inflation rate would slow down to 8.3 percent in the fiscal year 2020-21. “Inflation is forecast to decelerate to 8.3% in FY2021
April, 8 2020: UNICEF Executive Director, Henrietta Fore has said that COVID-19 is generating an unprecedented global economic crisis. “As we witness in all such crises, this economic destruction is cruelly and unequally
April 8, 2020: In its worst performance since 1945, the French economy shrank around six percent in the first quarter of this year as the coronavirus pandemic decimated business activity, the Bank of
April 8, 2020 (MLN): The Economist Intelligence Unit (EIU) has recently published another report examining and explaining the impact of COVID-19 on global growth prospects. Prior to the coronavirus outbreak, the EIU expected
Apr 08, 2020: EU finance ministers failed on Wednesday to agree on a bailout plan to help hard hit member states face the coronavirus outbreak, after Italy refused to abandon its plea for
April 8, 2020 (MLN): The Financial Action Task Force (FATF) has provided Pakistan with a leeway of 5 additional months, for compliance with the 13 outstanding conditions for money laundering and terror
April 8, 2020 (MLN): The total debt of Central Government during the month of February 2020 stood at Rs. 33.42 trillion, i.e. merely 1 percent higher than the figures reported last month. whereas,
April 08, 2020 (MLN): Taking inspiration from last weeks’ transactions, overseas investors again indulged in sale of securities during the week ended March 27, 2020, as they withdrew a net amount of Rs
April 8, 2020: EU finance ministers struggled early Wednesday to bridge differences on how to rebuild their economies after the coronavirus, with Germany refusing Italy's call for unprecedented burden-sharing with hard-hit countries.
April 8, 2020: Oil prices rebounded Wednesday as traders jockey for position ahead of a key producers' meeting this week aimed at cutting output to support coronavirus-hit energy markets. US benchmark West
April 8, 2020: Most Asian equities retreated Wednesday after a two-day rally as investors closely track developments in the coronavirus crisis, while the oil market continued to fluctuate ahead of a crucial producers'
April 7, 2020: The COVID-19 pandemic has piled pressure on the finances of many emerging countries, leading to calls for some debt payments to be postponed or canceled altogether. Last month, Lebanon declared
April 07, 2020: Tractors manufacturing in the country during the first seven months of the current financial year decreased by 37.22 percent as compared to the manufacturing of the corresponding period of last
Apr 07, 2020: Ten oil producing nations from outside the OPEC+ alliance including the United States have been invited to a meeting aimed at reaching an agreement to reduce oversupply, Russian news agency
April 7, 2020: The Securities and Exchange Commission of Pakistan (SECP) has successfully completed the phase 1 scope and audit of security standard certification ISO/IEC 27001:2013 for its Information Security Management System (ISMS).
March 26, 2019: Following the World Water Day celebrated last week, Pakistan Water and Power Development Authority (WAPDA) takes a giant leap forward for development of precious water resources in the country by awarding the
March 26, 2019: The government has paid a total of Rs. 908 billion to Benazir Income Support Programme (BISP) in last 11 years for helping the deserving families to become self-sufficient. From this amount, around
March 26, 2019: A day-long first IEC Pakistan-China investment summit to update the Chinese entrepreneurs about the investment-friendly climate in Pakistan will be held on Sunday in Dalian, China. “Over 150 potential Chinese companies and
March 26, 2019 (MLN): The past few days’ trend observed at domestic capital markets has extended a shadow of concern over investors, as traders continue to lead sell-offs amid lack of positive triggers. Consequently, the
March 26, 2019: Finance Minister Asad Umar on Monday chaired a meeting of the Steering Committee of Economic Pillar of Saudi-Pakistani Supreme Coordination Council in Islamabad. The meeting reviewed and discussed the progress on implementation
March 26, 2019: Federal Minister for Petroleum Ghulam Sarwar Khan has said the matter of overbilling in gas sector would be adjusted in next two months. Talking to a private news channel, he said those
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has requested Advisor to PM for Commerce Abdul Razak Dawood to instruct relevant department to inform all concerned about the implementation date of
Gwadar, March 25, 2019: Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar said that fastracking development of Gwadar is a top priority of the incumbent government in order to ensure inclusive development in Gwadar.
The State Bank of Pakistan today released its Second Quarterly Report on The State of Pakistan’s Economy for FY19. As stated by the report, the effects of macroeconomic stabilization measures taken since December 2017 started
March 25, 2019: The Board of Investment (BOI) was optimistic that Pakistan’s ranking in Ease of Doing Business would show considerable improvements and come down below 100 when the World Bank releases its next rankings
March 25, 2019: Overseas Pakistanis have so far contributed around over Rs 1.5 billion while local residents as well as institutions have donated some Rs 8.64 billion to the Diamer-Bhasha and Mohmand dam fund, according
March 25, 2019: The federal government has released Rs 373.88 billion for various ongoing and new schemes against the total allocation of Rs 675 billion under its Public Sector Development Programme (PSDP) 2018-19. The released
March 25, 2019: The government has so far released funds of Rs. 1067.709 million against total allocation of Rs. 8123.134 million for execution of 10 projects of Ministry of Maritime Affairs (MoMA) under the Public
March 25, 2019 (MLN): Pakistan’s government sector borrowed an additional net sum of Rs.164.2 billion during the week that ended on March 15, 2019, bringing the total net borrowing of the sector to Rs.940.2 billion
March 25, 2019 (MLN): A delegation of the Financial Action Task Force Asia Pacific Group (FATF – APG) is scheduled to arrive in Islamabad today to evaluate Pakistan’s progress against money laundering and terrorism. Starting
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