Feb 24, 2020: Seoul led a sharp drop across Asian equity markets Monday as South Korea announced a surge in COVID-19 infections, while oil plunged and safe haven assets rallied on growing concerns
February 23, 2020 (MLN): The departed week observed several important developments on the regional and international front that serve as a gateway for Pakistan to economic development. These developments include; On Friday, The
February 23, 2020 (MLN): The reverse repo rate has risen dramatically from its lows of 6.25 percent in December 2017 to 13.75 percent in July 2019 as the State Bank of Pakistan (SBP)
Market Data and Economic Indicators Weekly Performance Feb 21, 2020 Feb 14, 2020 PKR InterBank 154.2038 154.1697 KSE100 Index 40,249.22 40,243.26 Avg Daily Volume 106,451,146 167,531,210 Gold (Karachi) Rs/10 gm 80,290 77,803
February 23, 2020 (MLN): The financial snapshot of the country in full detail was highlighted with the economic and financial data releases over the course of the week. The Weekly Sensitive Price Indicator
February 22, 2020: Wall Street continued to tumble Friday amid renewed fears that the virus outbreak in China will have a real impact on companies that depend on goods from the Asian manufacturing
February 21, 2020 The Financial Action Task Force (FATF) during its plenary meeting held in Paris has agreed to maintain Pakistan’s status on FATF’s Compliance Document, normally referred as the Grey List. While
February 21, 2020 (MLN): Deadly coronavirus has been sweeping across the world, affecting the Chinese economy and global business with operations or suppliers from the ground zero of this outbreak, Hubei. The cries
February 21, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.14% during the week ended Feb 20, 2020 while the SPI increased by 15.97% compared to the
February 21, 2020: In 2019, ADB's loan and grant disbursements to Pakistan amounted to $2.4 billion, comprising $1.8 billion in program lending and $634.3 million in project lending. ADB-Supported Programs and Projects ADB
February 21, 2020: Adviser to the Prime Minister on Finance and Revenue met Mr. Yao Jing, Ambassador of the People’s Republic of China here at the Finance Division to review the preparations of
Feb 21, 2020: The Geological Survey of Pakistan (GSP) has demanded Rs 519.057 million to execute four projects under the Public Sector Development Programme (PSDP 2020-2021). “Out of these projects, three are related
February 21, 2020: State Bank of Pakistan Governor Dr Reza Baqir has said that only 15 per cent of the adult female population of the country possesses active bank accounts. This a major
February 21, 2020, The President of Japan International Cooperation Agency (JICA), Mr Shinichi Kitaoka called on the Foreign Minister, yesterday. He briefed the Foreign Minister on JICA’s economic and technical assistance to Pakistan
February 21, 2020: The Federal Cabinet has decided not to increase the prices of gas and electricity for domestic, industrial consumers and Tandoors. Briefing the newsmen after the cabinet meeting in Islamabad, Special
ISLAMABAD, Jan 17: Ministry of Finance strongly refutes news reports/statement claiming that the Federal Government has made less transfers to Sindh during the current financial year. It is clarified that during the first half of
January 17, 2019: Ministry of Overseas Pakistanis and Human Resource Development had planned to increase the pension of Employees Old-Age Benefits Institution (EOBI) pensioners by 20 percent. According to official sources, currently, the amount of
January 17, 2019 (MLN): Power generation during CY18 has witnessed growth of 8.7% YoY. Arif Habib Limited, in its research report stated that in the month of December 2018, Power generation witnessed a decline of
January 17, 2019: Federal Minister for Petroleum, Ghulam Sarwar Khan has hinted to establish a Liquefied Natural Gas (LNG) storage facility for maintaining strategic stock of the commodity to meet energy needs of the country.
January 17, 2019 (MLN): Pakistan is an agro based economy whose major source of export earnings come from either the textile sector or the food sector. Food exports from Pakistan registered 9.64 percent growth during
January 17, 2019: Business community on Thursday demanded a special package of incentives and relief cushion from the government, to accelerate trade and industrial activities across the board and boost exports in the country. This
January 17, 2019: Federal Cabinet meets today in Islamabad with Prime Minister Imran Khan in the chair. It will discuss overall political and economic situation of the country.
January 17, 2019 (MLN): Fitch Solutions Macro Research has maintained its outlook for the broad economy and the industries within Pakistan to deteriorate over coming quarters, having acknowledged that the Pakistani banking sectors appears to
January 16, 2019: Finance Minister Asad Umar here on Wednesday chaired preliminary meeting of the Committee for formulating the proposed Pak-Turkey Strategic Economic Framework. Federal Minister for Defence Production, Zubaida Jalal, Federal Minister for Planning,
January 16, 2019: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the government to resolve the long outstanding issue of Gas and Infrastructure Development Cess
January 16, 2019: Minister for Petroleum Ghulam Sarwar Khan has said Pakistan will fully facilitate foreign investment in different sectors including exploration of oil and gas. He was talking to the Chief Executive Officer of
January 16, 2019: Federal Minister for Planning, Development & Reform & Statistics Division Makhdum Khusro Bakhtyar has said that the previous government missed all targets set in 11th five year plan adding that the performance
January 16, 2019 (MLN): The over-all output of LSMI decreased by 0.90% for July-November, 2018-19 compared to July-November, 2017-18. The LSMI output decreased by 0.60% for November, 2018 compared to November, 2017 and 4.98% if
January 16, 2019 (MLN): Based on the provisional figures of imports and exports, trade deficit in December, 2018 was $2.4 billion. Meanwhile, the cumulative figure from July-December, 2018 was $16.8 billion. According to provisional figures
January 16, 2019 (MLN): Overall foreign investment amounted to $899 million from July to December, demonstrating a fall of 77 percent YoY. According to the data released by State Bank of Pakistan, the total foreign
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