October 30, 2019: Prime Minister's Advisor on Finance Dr. Hafeez Sheikh has directed immediate payment of payable refunds of two billion rupees to textile exporters. Talking to a delegation of textile exporters in
October 30, 2019: Asian markets slipped Wednesday as traders play a wait-and-see game ahead of the Federal Reserve's latest policy decision, with expectations for another interest rate cut but focus also on its
October 30, 2019 (MLN): Savings mobilisation by the National Savings Schemes (NSS) during 1QFY20 portrays a rather different picture, as it witnessed the withdrawal of Rs 62.9 billion. The negative savings during the
October 30, 2019 (MLN): Profits and dividends repatriated by multinational companies operating in Pakistan during 1QFY20 increased to $349.2 million from $347.6 million in the same period last year. This marginal increase by
October 29, 2019 (MLN): Pakistan’s access to the internet was hampered due to technical issues affecting submarine cables. According to statements issued by PTCL and other internet service providers, outages have been observed
October 29, 2019: Prime Minister's Adviser on Finance Abdul Hafeez Shaikh says talks with traders are underway to bring positive results. Talking to media in Islamabad on Tuesday, he said economic growth of
October 29, 2019: A meeting of the federal cabinet chaired by Prime Minister Imran Khan was held in Islamabad today, to discuss the overall political and economic situation of the country. During the
October 29, 2019: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance & Revenue, has said the government is focused on implementation of the IMF programme. “The containment of current and
October 29, 2019: European stock markets eased at the start of trading on Tuesday, with London's benchmark FTSE 100 index down 0.1 percent to 7,327.58 points. In the eurozone, Frankfurt's DAX 30 shed
October 29, 2019: To protect the public interest in audit quality, the Audit Oversight Board (AOB) and the World Bank have launched an Audit Committee Toolkit that explains the international best practices for
October 29, 2019: Reiterating its support to Pakistan at the FATF platform, China has categorically announced that it did not want the forum to be politicized as some countries are pursuing their political
Oct 29, 2019: Asian markets mostly rose Tuesday, taking up the baton after a record close on Wall Street, with investors filled with a renewed sense of hope over China-US talks, while the
Oct 28, 2019 (MNL): State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were
Oct 28, 2019: Federal Board of Revenue (FBR) has issued directions to all officers and officials of FBR headquarters and its field formations not to contact with any taxpayer or businessman in any
October 28, 2019: European Union members agreed Monday to postpone Brexit for up to three months, stepping in with a decision less than 90 hours before Britain was due to crash out with
The non-tax revenues collected by the federal government were recorded at Rs.630,378 million during the fiscal year 2017-18, according to the data of Finance Ministry. Out of the total non-tax revenue, the mark up (provinces)
Minister for Finance, Revenue and Economic Affairs, Asad Umer on Tuesday told the Senate that the newly elected government would be taking steps to complete the process of the National Finance Commission Awards (NFC). Senator
Pakistan Steel Mills is to be revived as the newly elected government has started consultations on the matter, inviting suggestions in this regard from people belonging to all walks of life. According to sources close
After opening the previous two trading sessions in the positive zone, the capital markets snap back to a negative session start, as the benchmark KSE – 100 index began the day’s trading 15 points lower
The Economic Coordination Committee (ECC) of Pakistan is scheduled to meet on Wednesday August 29 in what is going to be the first meeting of the committee under the leadership of the new government. Finance
Foreign investors were seen to be net sellers in the capital markets for the week ending August 17, 2018, but with an over 20 percent reduction in net selling over the week ending August 10,
The Federal Minister for Finance, Revenue and Economic Affairs Asad Umar chaired a meeting to review the working of the Economic Affairs Division today. The Minister was given a detailed briefing on various aspects of economic
National Highway Authority (NHA) has collected Rs.2 billion by allowing commercial use of its right of way (ROW) during last fiscal year. The serious efforts of the NHA to increase its revenue could be gauged
Union of Small and Medium Enterprises (UNISAME) has invited the attention of Prime Minister Imran Khan to the need for the inclusion of its sector representatives in all advisory bodies of the state. According to
Pakistan Housing Authority (PHA) has completed 5,348 housing units across the country so far while 5,915 housing projects are still on going and will be completed in their stipulated time, said an official source related
The exports of sports goods from the country witnessed a decrease of 5.85 percent during the first month of the current fiscal year against the exports during same month of last year, Pakistan Bureau of
The production of petroleum products witnessed a 13.24 percent increase during the fiscal year 2017-18 as compared to the last fiscal year, Pakistan Bureau of Statistics (PBS) reported. The petroleum products that contributed in this
Debt and liabilities owed by state run organizations have soared sharply as these organization owe about a quarter more now then they did in the last fiscal year. The figure owed in this respect now
Islamabad Chamber of Small Traders on Sunday said the country will need almost $9.25 billion in debt repayments during the current fiscal which would be a challenge. The amount needed to pay foreign debts and
Market Data and Economic Indicators Weekly Performance Aug 24, 2018 Aug 17, 2018 PKR InterBank 124.2420 124.0500 KSE100 Index 42,588.29 42,446.62 Avg Daily Volume 131,722,390 161,211,843 Gold (Karachi) Rs/10 gm 47,668 46,596 KIBOR 6M
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