Jun 11, 2020: The performance of auto industry remained sluggish during the current financial year, except buses where it witnessed growth of 17 percent during July-March 2019-20. According the Economic Survey 2019-20 launched
Jun 11, 2020: Pakistan Atomic Energy Commission (PAEC) has intensified its activities to meet the nuclear electricity generation target of 8,800 MW by the year 2030 set through government's Energy Security Plan formulated
Jun 11, 2020: Textile exports of the country maintained about 59 percent, according to Pakistan Economic Survey (PES) 2019-20. Textile is the most important manufacturing sector of Pakistan and has the longest production
Jun 11, 2020: The outbreak of deadly Corona virus, which had badly affected the global economies also negatively impacted the national economy and performance of all major sectors remained dismal during the outgoing
June 11, 2020 (MLN): In the midst of a global pandemic, Pakistan government is going to announce the budget for FY21 on June 12, 2020. The FY20-21 budget which covers the period between
June 11, 2020: European stock markets dived more than two percent in opening deals on Thursday after the US Federal Reserve warned over the “highly uncertain” economic outlook due to the coronavirus pandemic.
June 11, 2020: Minister for Information and Broadcasting Shibli Faraz says stern action would be taken against those found responsible for creating an artificial shortage of petrol in the country, after an inquiry.
June 11, 2020: Prime Minister Imran Khan says the government is prioritizing sectors that promise job opportunities to the youth, agriculture sector, and up-gradation of the public health system in the country. Chairing
June 11, 2020: Equities fell Thursday after the head of the Federal Reserve gave investors a dose of reality on the outlook for the US economy, while the dollar faced fresh pressure on
June 10, 2020: The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved technical supplementary grants of billions of rupees for various ministries and division. The committee, the meeting of which was chaired
June 10, 2020: The US Federal Reserve has voted to keep its benchmark rate near zero in its meeting on Wednesday. In addition the Fed said it will continue to buy bonds including
June 10, 2020: Governor State Bank of Pakistan (SBP) Reza Baqir has informed that so far a total of 1320 companies have availed SBP’s refinance scheme and a sum of Rs96 billion has
Jun 10, 2020: The State Bank of Pakistan has gradually reduced the policy interest rate from 13.25 per cent to 8 per cent, which is commendable as it would provide cheap loans to
Jun 10, 2020: The Asian Development Bank (ADB) has approved a $500 million loan to help the government of Pakistan deliver social protection programs to the poor and vulnerable, expand health sector capabilities,
Jun 10, 2020: The construction industry has called upon the government to provide allied industries coordination to materialize construction of low cost 500,000 houses in 16 major cities of the country. The cement
Jun 03, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.28% during the week ended May 30, 2019 while the SPI increased by 14.16% compared to the corresponding period
June 3, 2019 (MLN): The government has extended the date for filing tax returns for the sixth time. The companies, individuals and associated persons can now file tax returns till June 30, 2019. The original
June 3, 2019 (MLN): Pakistan's Yearly Inflation rate in May 2019 was 9.11 percent compared to 8.82 percent in April 2019 and 4.19 percent in May 2018. The July-May average inflation is 7.18 percent compared
Jun 3, 2019: The Indus River System Authority (IRSA) Monday released 228,000 cusecs water from various rim stations with inflow of 269,500 cusecs. According to the data released by IRSA, water level in the Indus
June 3, 2019 (MLN): Central Depository Company (CDC) has urged businessmen who have opted for Sales Tax Refund payments through Refund Bonds to urgently open up Sub Account or Investor Account with Central Depository Company
June 03, 2019 (MLN): Pakistan's non-government sector has borrowed another net sum of Rs.2.72 billion during the week ended May 24, 2019, which brings the cumulative net borrowing for ongoing year to Rs.879.57 billion. According
June 3, 2019 (MLN): The peoples’ speculations about the implementation of an Egypt-like IMF Programme given the new SBP Governor, Dr. Reza Baqir’s background as the IMF’s senior resident representative to Egypt over the past
June 3, 2019: Prime Minister Imran Khan has said creating opportunities for ease of doing business is priority of his government. He was talking to a delegation of renowned industrialists and representatives of business community
Market Data and Economic Indicators Weekly Performance May 31, 2019 May 24, 2019 PKR InterBank 147.9282 150.9152 KSE100 Index 35,974.79 35,703.81 Avg Daily Volume 164,782,340 178,448,590 Gold (Karachi) Rs/10 gm 59,842 60,357 KIBOR 6M
June 2, 2019 (MLN): The meeting of the Federal Cabinet presided by the PM Imran Khan, is scheduled to take place on Monday 3rd June 2019, wherein it will discuss 12 points agenda. The key highlight
June 2, 2019 (MLN): The Prime Minister and Chief Justice of Pakistan Diamer Bhasha and Mohmand Dam Fund has received over Rs 10.56 billion so far. The countrywide contribution to the fund stood at Rs
June 2, 2019 (MLN): Pakistan has tapped 9,406 MW hydel generation so far against identified potential of 60,158 MW. Official sources told that,” the country's total hydel potential is 100,000 MW while only 9,406 MW
June 2, 2019 (MLN): The departed week remained volatile for the local equity market. The four-day week began on a negative note due to lack of clarity over the announced market support funds, but later
May 31, 2019 (MLN): The government of Pakistan has raised the price of petroleum products by up to Rs.4.50/liter for the month of June 2019. According to a notification by the Ministry of Finance, the
May 31, 2019 (MLN): Revenue Minister Hammad Azhar has announced on his official page on social media that the scheme for promissory notes (bond) has been activated and Rs.7 billion of bonds in lieu of
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