Market Data and Economic Indicators Weekly Performance Nov 08, 2019 Nov 01, 2019 PKR InterBank 155.4744 155.6539 KSE100 Index 35,978.16 34,377.61 Avg Daily Volume 258,173,846 166,330,845 Gold (Karachi) Rs/10 gm 74,374 75,317
November 10, 2019 (MLN): The financial snapshot of the country was brought to light with the economic and financial data releases over the course of the week. The Weekly Sensitive Price Indicator (SPI)
Nov 09, 2019: The Islamabad Chamber of Commerce and Industry (ICCI) here on Saturday urged the government to reduce import tariffs on industrial raw material and machinery as it has increased the cost
Nov 09, 2019: The Ministry of Planning Development and Reforms has so fare given authorization for the release of Rs257.436 billion including Rs53.62 billion foreign aid for various ongoing and new development projects
Nov 09, 2019: Global stocks were mixed on Friday, with US indices pushing to fresh records as investors remained fairly upbeat on the prospects of a US-China trade deal despite some confusing signs
Nov 08, 2019: Advisor to Prime Minister, Dr. Abdul Hafeez Shaikh said Friday that the International Monetary Fund (IMF) Mission concluded review successfully, which he said was positive for Pakistan. IMF confirmed that
Nov 08, 2019 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.57% during the week ended Nov 07, 2019 while the SPI increased by 19.03% compared to the
November 8, 2019: The authorities and the IMF mission reached staff level agreement on the first review under the Extended Arrangement (EFF). All performance criteria for end- September were met with comfortable margins
November 8, 2019: Energy Minister Omar Ayub Khan says measures are being considered to give relief to industrial and other consumers. Addressing a news conference in Islamabad on Friday, he said electricity consumers
November 8, 2019: Economic Coordination Committee (ECC) has directed to complete the process of privatization of National Power Parks Management Company (NPPMC) on accelerated basis. Meeting of the ECC was held in Islamabad
November 08, 2019: The government has released funds amounting to Rs 286.548 million during first four months of the of current fiscal year to execute petroleum projects under the Public Sector Development Programme
November 8, 2019 (MLN): The Finance Ministry has decided to make 50% funds available immediately to the Planning Division and eliminated the requirements of “ways and means clearance” and “Finance Division's endorsement” for
November 08, 2019 (MLN): Despite going through an expansionary cycle whereby 10.7 mln tons have been added during the past 2 years, the cement sector continued to be in turmoil. Similar to 2HFY19,
November 08, 2019: Asian markets were broadly lower Friday as investors took their foot off the pedal after another healthy week, with eyes fixated on the next move in the China-US trade talks.
November 7, 2019 (MLN): The total debt of the Pakistan government increased by Rs.1,461 billion in the first quarter of FY20. According to data released by the State Bank of Pakistan (SBP) the
The SECP has issued the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs), as part of its active pursuance of the implementation of anti-money laundering and counter-terrorist financing regime in its regulated
The Supreme Court (SC) has ordered the government to immediately establish benches of Appellate Tribunal Inland Revenue (ATIR) at Quetta and Multan to provide relief to taxpayers of those areas. A three-member bench headed by
Prime Minister Imran Khan has assented to increasing natural gas rates by an average of 46 percent as recommended by the Oil and Gas Regulatory Authority (Ogra) earlier. The decision was finalized on Tuesday when top
Newly elected government declares agriculture emergency to benefit farmers Considering the persistently deteriorating condition of the agriculture sector, the newly elected government has decided to declare an agriculture emergency under its first 35 initiatives program.
The Federal Board of Revenue (FBR) has published and placed the draft of certain amendments in Income Tax Rules 2002 on its website, seeking public suggestions on it for consideration of the board. The amendments
Fourth federal cabinet meeting has begun in Islamabad, headed by Prime Minister, Imran Khan. According to sources, an 8-point agenda is likely to be discussed in this meeting, the contents of which are as follows:
The Federal Minister for Finance, Revenue and Economic Affairs Asad Umar has written letters to all Provincial Chief Ministers for the reconstitution of the 9th National Finance Commission (NFC). The NFC is required to be
Circular debt comes back repeatedly to haunt Pakistan and the elected government every five years. Despite multiple bailouts and trying every trick in the book, the previous government and those before it have failed –
In an attempt to address the economic woes of the country, Prime Minister Imran Khan has established three more crucial cabinet committees pertaining to economic affairs, comprising of the Cabinet Committee on CPEC (CCOCPEC), Cabinet
The benchmark KSE – 100 Index fell back under the dominance of bears during the initial hours of today’s trading session. Having broken a 5 day long negative streak the day before, the index enjoyed
During a meeting at the Prime Minister’s office yesterday, Imran Khan instructed the Petroleum Division to devise a comprehensive plan in order to monitor gas theft in the country. According to a press release issued
National Transportation Policy, which includes a Railway Master Plan, and the National Highway Authority Plan are to be one of the key priorities of the government of Pakistan. This was stated by the Minister for
ISLAMABAD, Sep 4: Dr. Arif-ur-Rehman Alvi of Pakistan Tehreek-e-Insaf (PTI) was on Tuesday elected President of Pakistan in a presidential election held simultaneously in the joint session of National Assembly and Senate as well as
Federal Board of Revenue (FBR) has updated its previously launched application Iris-ADX, in order to enable taxpayers to prepare Income Tax Return and Wealth Statement without using internet to resolve the connectivity issues often faced
Pakistan’s monthly oil sales volume touched a seven-year low in August 2018 as oil sales fall down to 1.35 million tons in August, a 46% decline in sales when compared to the corresponding month of
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