January 16, 2020: The Petroleum Division has said that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project was progressing as per the “timelines” agreed among the member countries and “there is no delay in the
January 16, 2020 (MLN): The zero-rated industry would only be charged 7.5 cents/kWh tariff by WAPDA, as per notification issued by Power Division on January 13, 2020. It was clarified to all DISCOs
January 16, 2020: Advisor to Prime Minister on Commerce, Industries, Textile and Investment Abdul Razak Dawood has said that China-Pakistan, Free Trade Agreement (CPFTA) is a game-changer for increasing the Pakistan exports and
January 16, 2020: The Ministry of Finance says actions by the government have helped stabilize the economy and reduce the unsustainable fiscal and trade deficits, leading to a restoration of business confidence. In
Jan 16, 2020: National Bank of Pakistan, in continuation of its journey of digital transformation, on Wednesday formally launched new e-payment system, especially for retail payments, which will prove key for execution of
January 15, 2020: Hyundai Nishat Motor (Private) Limited announced its mass production at the assembly plant in FIEDMC, M3 Industrial Estate, Faisalabad. With an annual production capacity of up to 15,000 units per
January 15, 2020 (MLN): The United States Agency for International Development (USAID) hosted the first-ever ‘Modernizing Agriculture through Innovative Technologies Conference 2020’ in Islamabad today. The event showcased the transformational impact of the
Jan 15, 2020: Minister for Housing and Works Tariq Bashir Cheema Wednesday told the National Assembly that the government was planning to provide 50 percent subsidy on building of affordable housing for low
January 15, 2020: The government has so far released Rs 1.462 million to continue drilling activities for appraisal of massive coal reserves identified by Geological Survey of Pakistan (GSP) in the Badin field
January 15, 2020: Minister for Planning Development and Special Initiatives, Asad Umar says the national economy would improve and inflation would also be reduced during this year. Talking to
Jan 15, 2020: Global stocks were range-bound on Tuesday while the yuan advanced against the dollar after Washington said it no longer considered China a currency manipulator and tensions eased between the economic
Jan 15, 2020: Asian markets mostly fell on Wednesday as investors took their foot off the pedal following weeks of gains, with focus on the signing later in the day of the China-US
January 14, 2020: The Securities and Exchange Commission of Pakistan (SECP) has introduced a separate category for members of transgenders community in its online portal for company registration and compliance i.e. eServices. This
January 14, 2020: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Tuesday said the government was taking steps to tackle inflation and enhance domestic productivity through greater spending on
January 14, 2020: National Investment Trust Limited (NITL) has selected World-Check from Refinitiv to support its compliance effectiveness in line with the provisions of the Securities and Exchange Commission of Pakistan’s (SECP) Anti-Money
November 27, 2018 (MLN): Pakistan and Indonesia have decided to strengthen their bilateral economic cooperation further, at the second meeting of Bilateral Consultative Forum, held yesterday. Director General for Asia-Pacific Ministry of Foreign Affairs Desra
November 26, 2018 (MLN): With PTI government’s 100 days agenda nearing its end, the Pakistan Business Council (PBC) believes that the government has got off to a good start, given the challenges it inherited in
November 26, 2018 (MLN): A meeting of the Economic Coordination Committee (ECC) will take place tomorrow (Tuesday, November 27, 2018), with the Minister for Finance, Revenue & Economic Affairs, Asad Umar in chair. The agenda
November 26, 2018: Domestic production of vegetable ghee witnessed 2.40 percent increase whereas cooking oil decreased by 9.37 percent during first three months of current financial year as compared the corresponding period of last year.
November 26, 2018: The government has released Rs 151.17 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes against the total allocations of Rs 675 billion. The released funds
November 26, 2018 (MLN): Pakistan’s external and domestic debts are growing at an threatening stride for the last ten years (2008- 17) owing to fiscal profligacy on one hand, and substantial decline in non-debt creating
November 25, 2018 (MLN): The highlight of the departed week was the extension in Pak-IMF bailout talks as a result of their failure to reach a mutual agreement. The Pakistani government refused to accept most
Market Data and Economic Indicators Weekly Performance Nov 23, 2018 Nov 16, 2018 PKR InterBank 133.9950 133.9935 KSE100 Index 40,869.28 41,660.75 Avg Daily Volume 156,883,653 213,361,554 Gold (Karachi) Rs/10 gm 53,927 52,641 KIBOR 6M
November 24, 2018: The Pakistan Water and Power Development Authority (WAPDA) successfully carried out simultaneous load rejection test of all three units of Tarbela 4th Extension Hydropower Project. The test was conducted at the load
Pakistan's over-all output of LSMI decreased by 1.71% for July-September, 2018-19 compared to July-September, 2017-18. According to data released by the Pakistan Bureau of Statistics, the LSMI output increased by 1.83% for September, 2018 compared
November 23, 2018 (MLN): The fiscal deficit during the first quarter of fiscal year 2019, has widened to 1.4% of the GDP, as it has been recorded at Rs.541 billion, according to sources within the
November 23, 2018 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has signed a Memorandum of Understanding (MoU) with three centers of excellence in Islamic finance, i.e., LUMS, IBA and IMS, to join forces
November 23, 2018 (MLN): Federal Minister for Planning, Development & Reform, Makhdum khusro Bakhtyar has emphasized on the need to devise a holistic strategy for development and upgradation of infrastructure across the country and to
November 23, 2018 (MLN): The Weekly Sensitive Price Index (SPI) for the combined group has slightly edged up by 0.08% over the week ended November 15, 2018, whereas compared to the corresponding period of last
November 23, 2018 (MLN): Due to lack of interest, foreign investors limited their purchase significantly during the week ended November 16, 2018, as net selling sprung back to over Rs.1.8 billion from Rs.509 million recorded
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