Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Prize bonds to not be redeemable after June 30

Prize bonds to not be redeemable after June 30

June 28, 2022 (MLN): National Prize bonds of various denominations issued by the government will not be redeemable after June 30, 2022, as per the statement issued by National Savings. The finance ministry

Pakistan receives MEFP from IMF for 7th

Pakistan receives MEFP from IMF for 7th, 8th reviews

June 28, 2022 (MLN): The government of Pakistan has finally received the Memorandum of Economic and Financial Policies (MEFP) from the International Monetary Fund (IMF) earlier this morning which is a crucial step

FPCCI

FPCCI, TDAP discuss ways to enhance exports

Jun 27, 2022: The Trade Development Authority of Pakistan (TDAP) should explore new markets to increase country's exports for which special attention will have to be paid to markets of Africa and the

CDWP clears 19 projects worth Rs142.3 bn

CDWP clears 19 projects worth Rs142.3 bn

Jun 27, 2022: The Central Development Working Party (CDWP) has cleared 19 development projects worth Rs 142.3 billion while recommending six projects to the Executive Committee of National Economic Council (ECNEC) for approval

Govt to resolve PMA issues: Miftah Ismail

Govt to resolve PMA issues: Miftah Ismail

June 27, 2022 (MLN): Federal Minister for Finance and Revenue, Miftah Ismail assured the Pakistan Manufacturers Association (PMA) of resolving their issues and providing maximum support to them, said a press release issued

Power to become expensive by Rs7.9 per unit: NEPRA

Power to become expensive by Rs7.9 per unit: NEPRA

Jun 27, 2022: Electricity was likely to become more expensive by Rs 7.90 per unit for May, according to preliminary scrutiny of data conducted by National Electricity Power Regulatory Authority (NEPRA). According to

Bykea raises $10mn funds to fuel growth

Bykea raises $10mn funds to fuel growth

June 27, 2022 (MLN): Bykea, the local ride-sharing and delivery startup, raised $10 million from its existing backers to tap rising demand for online services in the country, reported Bloomberg. Bykea, which focuses

IRSA releases 16

IRSA releases 16,642 cusecs water

June 27, 2022: Indus River System Authority (IRSA) Monday released 16,642 cusecs water from various rim stations with an inflow of 27,142 cases. According to the data released by IRSA, the water level

LPG price hiked by Rs10 per kg

LPG price hiked by Rs10 per kg

June 27, 2022 (MLN): The Oil and Marketing Companies (OMCs) have increased the Liquefied Petroleum Gas (LPG) by Rs10 per kg to Rs200 per kg. The price of the LPG commercial cylinder has

Weekly News Roundup

January 30, 2022 (MLN): The highlights of the important economic and business events that took place during the last week are in order so as to become acquainted with the recent developments in Pakistan’s economic

CPI Preview: Inflation upsurge likely to continue

January 30, 2022 (MLN): Given a sharp rise in the crude oil price- which contributes the most to inflationary pressure around the globe, there are no signs that Pakistan’s yearly inflation would ease anytime soon

Weekly Economic Roundup

January 30, 2022 (MLN): The financial highlights of the country are brought to light with the economic and financial data releases over the course of the week. The weekly Sensitive Price Indicator (SPI) for the

FPCCI demands tax exemption on solar equipment

January 29, 2022: Khawaja Shahzeb Akram, SVP FPCCI, has demanded that the unfair and burgeoning sales tax imposition on solar power equipment should be exempted for the consignments whose Letters of Credit and Bills of

FBR, CBR AJ&K ink MoU to extend NSTR’s application

January 28, 2022: After the successful launch of its digitized National Sales Tax Return (NSTR) last month, FBR achieved one more milestone as it has signed an MoU with the Central Board of Revenue (CBR),

SPI falls for third straight week

January 28, 2022 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group witnessed a drop for the third consecutive week, going down by 0.11% WoW for the week ended January 27, 2022, weekly

OMO Result: SBP injects Rs600bn for 7 days

January 28, 2022 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs600 billion into the market for 7 days at 9.87 percent. Summary of OMO Result

Senate approves SBP amendment Bill

January 28, 2022 (MLN): Senate of Pakistan, on Friday has approved SBP amendment Bill 2021, as 44 votes were cast in favour of the bill compared to 43 against the bill. Having the SBP amendment

Pakistan, Cote d’Ivoire discuss bilateral ties

January 28, 2022: Foreign Minister Makhdoom Shah Mahmood Qureshi called his counterpart in Abidjan Kandia Kamissoko Camara here on Thursday and discussed matters of bilateral interest. Identifying mutual trust as anchor of their fraternal ties,

SBP raises Rs133.5bn through PIBs, yields fall below 11%

January 27, 2022 (MLN): The State Bank of Pakistan (SBP) has raised Rs133.5 billion on Thursday, against the target of Rs100 billion by selling fixed-rate Pakistan Investment Bonds (PIBs). The Cut-off yields for all the

FX reserves fall to $22.48 billion

January 27, 2022 (MLN): The foreign exchange reserves held by the country dipped by $868 million or 3.7% WoW to stand at $22.48 billion during the week ended on January 21, 2022, compared to $23.35