February 7, 2020: Adviser to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood on Friday apprised the Senate that the country’s exports witnessed 2 per cent increase during July
February 7, 2020 (MLN): The novel coronavirus, which has been spreading in China like a wildfire, has taken a serious toll on the country’s people and economy. According to a report by S&P,
Feb 07, 2020: Asian markets fell Friday after a week-long rally as investors take profits and assess developments in China's deadly coronavirus crisis. Strong US data, Chinese financial support and a broadly healthy
Feb 06, 2020: Federal Minister for Economic Affairs Hamad Azhar on Thursday said the incumbent Pakistan Tehreek e Insaf (PTI) government had no plan to announce a mini budget. It was well aware
February 6, 2020: Advisor to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chairs a meeting here at the Finance Division to discuss different issues related to the Power Sector.
February 6, 2020: Federal Minister Privatization Mohammedmian Soomro and Punjab Law Minister discussed legal matters relating to the privatization of power plants HaveliBahadarsh and Balloki today in Lahore. Additional Chief Secretary Punjab, Secretary
February 6, 2020: Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during
February 6, 2020: A Chinese technology company, Timesaco, plans to invest more than $600 million in Pakistan’s ailing public transportation sector, hoping to restructure and digitize it by imitating the Chinese model. “Our
February 6, 2020: World Wind Turbine leading manufacturer Denmark based company Vestas has expressed deep interest in establishing Wind Turbine factory in Pakistan and started ground work for exploring the feasibilities. This was
February 06, 2020: Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting on Land Record Management Information System of ICT here in Islamabad on Thursday. Additional Deputy Commissioner Islamabad
February 6, 2020: Trade Representative of Russia Yury Kozlov has said that Pakistan and Russia have good chances to enhance the existing trade and investment cooperation therefore it was very necessary to make
February 6, 2020 (MLN): The upwelling in the yields of Pakistan Investment Bonds (PIBs), in a recent auction held on February 04, 2020, may pave the way for a modest hike in the
February 6, 2020: The Federal Board of Revenue (FBR) issued a rebuttal on a news item published in a section of press about the issuance of Benami Transactions (Prohibition) Rules, 2019. The board,
February 6, 2020: Overseas Investors Chamber of Commerce and Industry (OICCI) announced the results of the biannual “Perception and Investment Survey 2019” conducted during last quarter of 2019 amongst the leading foreign investors
February 6, 2020: Second International Conference on Technical Textiles would be held on February 18-19 at National Textile University, Faisalabad. Sources in Pakistan Hosiery Manufacturers Association told APP on Thursday that the conference
December 24, 2018: Knitwear exports from the country during first five months of current financial year increased by 10.58 percent as compared to the exports of the corresponding period of last year. About 52,171 thousand
December 24, 2018: Finance Minister Asad Umar has said economic indicators are improving after the decisions made by incumbent government started bearing fruit. In a tweet on Sunday, he said that credit offtake in the
By Muzzammil Aslam Market lens are busy capturing the domestic political landscape and partially global equity outlook. Both issues are stopping market to price in the stimulus added by UAE & Saudi Governments, policy tightening,
December 24, 2018: Federal Board of Revenue is pursuing innovative strategy to increase tax base. According to official sources, the Board is considering to develop a mobile app for filing online return with greater convenience.
Market Data and Economic Indicators Weekly Performance Dec 21, 2018 Dec 14, 2018 PKR InterBank 138.9437 138.8926 KSE100 Index 38,251.04 38,585.66 Avg Daily Volume 105,115,352 121,316,582 Gold (Karachi) Rs/10 gm 58,128 56,756 KIBOR 6M
The departed week remained satisfactory from an economic perspective. The week ended with the biggest development announcement of United Arab Emirates’ plan to deposit US$3 billion (equivalent to AED11 billion) in the State Bank of
December 21, 2018 (MLN): According to data released by the Pakistan bureau of statistics, the weekly SPI index for the combined group increased by 0.12 percent compared to previous week (Dec 13, 2018), whereas it
By Muzzammil Aslam The world is currently grappled with Yellow Vest Revolution, Brexit, trade stand-off between US-China, US Government shut-down and surprised mid-term elections outcome in US & India. All these have sent shock waves
December 21, 2018: The United Arab Emirates has announced its intention to deposit US$3 billion (equivalent to AED11 billion) in the State Bank of Pakistan to support the financial and monetary policy of the Islamic
December 21, 2018 (MLN): Chairing the first meeting of its Steering Committee yesterday, the Minister for Finance, Revenue and Economic Affairs Mr. Asad Umar approved key decisions for enabling the FBR’s Customs Wing to ensure
Finance Minister Asad Umar chaired meeting of senior representatives of different Islamic Banks on matters pertaining to launch of Islamic Sukuk by the Government (PHPL)here on Thursday. A consortium of Islamic Banks, it may be
December 20, 2018: The Board of Investment (BOI) has received nine applications so far from private sector to set up private Special Economic Zones (SEZs) in different cities of Punjab. Applications for setting up private
December 20, 2018: Federal Minister for Planning, Development & Reform Makdum Khusro Bakhtyar has said that the government is committed to reforming the energy sector to improve the national grid connectivity and is also focused
December 20, 2018: Central Power Purchase Agency Guarantee Limited (CPPA-G) Thursday sought 33 paisas decrease in power tariff for the month of November under monthly fuel adjustment formula. In a petition submitted to National Electric
December 20, 2018: Indus River System Authority (IRSA) Thursday released 52,400 cusecs water from various rim stations with inflow of 36,800 cusecs. According to the data released by IRSA, water level in the Indus River
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