April 23, 2020: Beaten-down US oil prices rallied Wednesday following dramatic declines earlier this week, lifting global equities, even as American crude inventories surged closer to capacity levels. Futures for the benchmark
April 22, 2020: The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved the release of Rs 75 billion from Prime Minister’s Relief Package of Rs200 billion for targeted payments to the low-income
April 22 2020: Prime Minister Imran Khan and President Trump held a telephonic conversation today. The two leaders discussed COVID-19 pandemic related challenges, its implications on global economy, and ways to mitigate its
April 22, 2020: The Ministry of Finance has clarified news reports published in a section of the press on why the government has failed to request for debt relief from the G-20. In
April 22, 2020: Brent crude plunged more than 12 percent to below $17 a barrel Wednesday while US oil erased early gains and fell, as the coronavirus strangles demand and ravages energy markets,
April 22, 2020 (MLN): International investors resumed their prevailing practice of escaping from local debt market as after witnessing an inflow of $200 million in government securities (T-bills) on April 20, 2020, the
April 22. 2020: Brent oil hit a two-decade low Wednesday as the battered crude market dominated sentiment, while the dollar struggled and stock markets managed slight gains. The European benchmark, Brent North
April 22, 2020 (MNL): The State Bank of Pakistan has advised Banks/DFI/MFB to suspend distribution of profits by way of declaring dividends in any manner (cash or stock) for the quarter ending March
April 22, 2020: The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of $4.5 billion 5-year global benchmark bond issue, proceeds of which would be part of
April 22, 2020: Central Development Working Party (CDWP) meeting on Wednesday presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan. CDWP approved 03 projects worth Rs12. 12.55 billion and recommended 02 projects
April 22. 2020: Federal Board of Revenue (FBR) is likely to set the revenue collection target at Rs5100 billion for the next fiscal year (2020-21), keeping in consideration the existing and post COVID-19
April 22, 2020: SBP has introduced further incentives for businesses to retain workers & employees and prevent layoffs under the scheme entitled “Refinance Scheme for Payment of Wages and Salaries to the Workers
April 22, 2020 (MNL): Governor of State Bank of Pakistan, Dr. Reza Baqir has said that SBP is ready to do more to shield the economy of Pakistan. In an interview given to
Apr 22, 2020: The Transport group imports during the third quarter of current financial year reduced by 42.51 per cent as compared the corresponding period of the last year. According to Pakistan Bureau
April 22, 2020: Both main oil contracts struggled to maintain early gains Wednesday following another painful rout, while equity traders continued their flight to safety for a third day to extend a global
April 9, 2019: Indus River System Authority (IRSA) Tuesday released 113,100 cusecs water from various rim stations with inflow of 162,000 cusecs. According to the data released by IRSA, water level in the Indus River
April 9, 2019: The second phase of Free Trade Agreement (FTA) between Pakistan and China is likely to be signed in next month, a senior official of Commerce and Textile Ministry said. Negotiation on 11th
April 9, 2019: State-of-the art Neelum Jhelum Hydropower Project constructed by WAPDA on River Neelum in Azad Jammu and Kashmir achieved yet another landmark today, as electricity generation from the project crossed 1000 megawatt (MW)
April 09-2019: The All Pakistan CNG Association (APCNGA) on Tuesday said any further hike in the tariff of gas will leave CNG sector bankrupt. The provinces of Sindh and Khyber Pakhtunkhwa are self-sufficient in the
April 9, 2019 (MLN): Volkswagen, the leading German automaker in collaboration with a local partner is planning to invest $135 million in Pakistan to set up an auto plant for manufacturing and assembling vehicles in
April 9, 2019 (MLN): The government has identified four priority areas for early actions to promote financial markets for taking up a more dynamic engagement in leveraging socio-economic growth, according to the draft midterm economic
April 9, 2019: The government has been working on a comprehensive strategy to streamline budget allocations for each ministry with an aim to reduce expenditure rigidities. A draft medium-term framework “A Roadmap for Stability, Growth
April 9, 2019: Prime Minister Imran Khan has released his policy statement on Ehsas programme for poverty alleviation in the country. In a tweet, he said his priority poverty reduction programme with its four focus
April 9, 2019: Pakistan and Bahrain have signed Memorandum of Understandings regarding promotion of bilateral trade and investment, avoidance of double taxation and prevention of tax evasion. These MoUs were signed by Foreign Minister of
April 9, 2019: Prime Minister Imran Khan has approved the detailed Plan of Action for Pak-Turkey Strategic Economic Framework. This approval was accorded at a high level meeting in Islamabad today. The Plan of Action
ISLAMABAD, Apr 8: Finance Minister Asad Umar Monday launched the Medium-Term Economic Framework (MTEF) report titled ‘Road map to Stability, Growth and Productive Employment’. The policy framework has been developed based on inputs from the
April 8, 2019: The 17th Meeting of the Governing Council of Pakistan Bureau of Statistics, presided over by Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar in his capacity as Chairman of the
April 8, 2019: Finance Minister, Asad Umar has said that the upcoming tax amnesty scheme would be the last chance for tax-evaders to declare their properties and assets and avoid any legal action which would
April 8, 2019: Finance Minister Asad Umar on Monday envisaged that the country’s economic growth rate would be the highest in 15 years by 2023 on the completion of five-year term of the incumbent government.
April 8, 2019: Sindh Minister for Energy, Imtiaz A Shaikh here on Monday chaired a meeting to review arrangements underway to build five different power plants, with generation capacity of 5500 mega-watts electricity, under Thar
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