October 21, 2019 (MLN): Pakistan’s services exports dropped by 7.15% YoY during Jul- Aug 2019 to $809 million as against $871 million in the same period last year, according to latest data released
October 21, 2019: The International Monetary Fund (IMF) and the World Bank (WB) have assured of their continued support to Pakistan’s development efforts and economic reform process undertaken by the government. Adviser to
October 21, 2019: Pakistan has invited Chinese companies to take advantage of incentives offered by government for investment and set up solar panels and lithium battery manufacturing units in the country. The offer
October 21, 2019: Ambassador of Japan in Pakistan Kuninori Matsuda has said his country would sign a Memorandum of Understanding with the Pakistani government to hire more skilled workers. He was addressing a
October 21, 2019: Australia wants to enhance cooperation with Pakistan in mining technology, education, dairy, livestock, and other sectors. This was stated by Australian Trade Commissioner Mark Morley during a meeting with the
Oct 21, 2019: Sterling fell on Monday after MPs voted to delay passing British Prime Minister Boris Johnson's Brexit deal, though losses were limited by hopes the country can eventually avoid crashing out
October 20, 2019 (MLN): Director of the International Monetary Fund (IMF) Middle East and Central Asia Department Jihad Azour has said that the Reform agenda currently in place in Pakistan supported by IMF
October 20, 2019 (MLN): Among various economic and policy-oriented developments that took place during the departed week, the event which took most of the attention was the meeting of Financial Action Task Force
Oct 20, 2019: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has said that Pakistan’s economy was on the right path to stabilization, urged the US businesses to
October 20, 2019 (MLN): The financial picture of the country in full details was highlighted with the economic and financial data releases over the course of the week. The Weekly Sensitive Price Indicator
Market Data and Economic Indicators Weekly Performance Oct 18, 2019 Oct 11, 2019 PKR InterBank 155.9051 156.0652 KSE100 Index 33,870.15 34,475.69 Avg Daily Volume 139,784,976 284,304,364 Gold (Karachi) Rs/10 gm 74,588 74,228
Oct 18, 2019: Fresh revelations about Boeing and Johnson & Johnson weighed on the Dow Friday as US stocks retreated following weak Chinese economic data. Boeing sank 6.8 percent after new documents in
Oct 19, 2019: Sterling steadied around $1.29 Friday as dealers took a breather at the end of a dizzying week and on the eve of a crucial vote on UK Prime Minister Boris
Oct 18, 2019: Major European players are joining forces to block Facebook's proposed digital currency because of the dangers it poses to national sovereignty, French Economy Minister Bruno Le Maire announced Friday, The
October 18, 2019 (MLN): Pakistan current account deficit during the first 3 months of FY20 stood at USD 1.548 Billion compared to USD 4.287 billion from the corresponding period last year. According to
The government has so far released over Rs 22.784 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes against total allocations of Rs 1,030 billion for the current financial
The Pakistan Water and Power Development Authority (WAPDA) has decided to enhance the storage capacity of Hub Dam in order to meet the increasing requirement of water in the country, Sindh and Balochistan in particular.
Pakistan’s incoming government, in the coming days, will need to immediately decide on the course of action that it will be taking with regard to tackling the impending balance of payments crisis. The country can
The Pakistan Flour Mills Association (PFMA) has urged the government to announce a long-term policy for export of wheat and wheat made-ups. In a joint statement, PFMA officer bearers including Asif Raza, Liaquat Ali Khan,
SAARC Chamber of Commerce and Industry (SAARC-CCI) Pakistan Chapter urged the upcoming government to slap a complete ban on import of luxury items to protect our dwindling foreign exchange reserves. Addressing a meeting of traders in Islamabad,
Sindh Government has held out the firm assurance that it could do its best to resolve, in the shortest possible time, the key issues of investors doing wind energy projects in the province to prove
Capital markets closed the day’s session in the negative territory as the benchmark KSE – 100 index lost 204 points, or 0.48% to settle at 42,637 points. The fall in value comes after a failed
Car sales have increased by 15.53% over the year in July, slightly larger than the growth witnessed in the number of cars produced in that time frame, according to data released by the Pakistan Automobile
Trade deficit has decreased to $3.192 billion in July, a decreased of about 16.15% from the $3.807 billion reported in the previous month (June), according to data from the Pakistan Bureau of Statistics. On a
The exports of services from the country witnessed a negative growth of 6.29 percent during financial year 2017-18 as compared to the corresponding period of last year. The services exports during July-June (2017-18) were recorded
Pakistan has been assured of the much-awaited financial support from China, according to senior officials of the incoming government, as the government looks to avoid seeking funds from the IMF. As per an article published
The fund dedicated for the construction of Diamer Bhasha and Mohmand dams has so far received over Rs 839.88 million from various individuals and groups. According to the latest update issued by the State Bank
Rice Exporters Association of Pakistan (REAP) has hailed the economic agenda of the new government and asked it to declare the rice sector as an industry. In a statement, Chairman REAP, Chaudhry Samee Ullah
The first session of the week within KSE – 100 opened in the negative zone, attempting to reach higher during the initial few minutes before crashing lower. The index remains range-bound as it trades in
Market Data and Economic Indicators Weekly Performance Aug 10, 2018 Aug 03, 2018 PKR InterBank 123.9215 124.05 KSE100 Index 42,842.18 42,505.05 Avg Daily Volume 208,207,334 283,683,942 Gold (Karachi) Rs/10 gm 46,982 47,153 KIBOR 6M
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