Jun 21, 2022: Prime Minister Shehbaz Sharif on Tuesday said the government would introduce a targeted subsidy on essential items including flour, sugar, edible oil, pulses, and rice during the current fiscal year.
June 21, 2022 (MLN): The discussion between Pakistan and the International Monetary Fund (IMF) for the resumption of the loan program is expected to start tonight, official sources from Finance Ministry told. After
June 21, 2022 (MLN): Due to strong economic expansion, financial sector of Pakistan manifested steady performance in CY21 while its financial and operational resilience remained intact, the State Bank of Pakistan (SBP)’s annual
June 21, 2022: Prime Minister Muhammad Shehbaz Sharif Tuesday said that they had inherited severe economic crises from the previous government, but with hard work and dedication, the collation government would steer the
June 21, 2022 (MLN): Federal Minister for Finance and Revenue Mr. Miftah Ismail assured the delegation of the DHA Estate Agents Association headed by Chief Patron Mian Irfan Asad to consider the relief
Jun 21, 2022: Central Directorate of National Savings (CDNS) on Tuesday attained the target of issuing Rs1100 billion fresh bonds in the last 11 months of current fiscal year 2021-22, from July 1st
June 21, 2022: China's road freight volume fell 4.6 percent year on year in the first five months of the year, data from the Ministry of Transport showed. About 14.37 billion tonnes of
June 21, 2022: The Companies (Amendment) Bill, 2021 was primarily proposed to promote start-ups, business innovation, and entrepreneurship, improve the general business climate and promote Ease of Doing Business (EODB). According to the
June 21, 2022: Indus River System Authority (IRSA) Tuesday released 21,906 cusecs water from various rim stations with an inflow of 31,856 cases. According to the data released by IRSA, the water level
June 21, 2022 (MLN): The total deposits held by scheduled banks have shown a growth of around 18% YoY to around Rs21.15 trillion in May 2022, against Rs17.95tr in the same month of
June 21, 2022 (MLN): The Banking sector spread for May 2022 narrowed down by 41 basis points (bps) over the month which brings its latest value to 4.61% as compared to prior month's
June 21, 2022 (MLN): Automobile financing in Pakistan was recorded at Rs367 billion in May 2022, Central bank data showed. On a sequential basis, auto financing remained flat in May 2022, mainly due
June 21, 2022: State-owned enterprises (SOEs) have a key role to play in energy transition and will shape the growth of low-carbon technology, according to a new report by Fitch Ratings. SOEs are
June 20, 2022: Pakistan Bureau of Statistics (PBS) and the National Database Registration Authority (NADRA) Monday signed a Memorandum of Understanding (MoU) for the development of census software and Tablet provision here at the
June 20, 2022: The Policy Committee and Research and Development Fund of the Ministry of Information Technology and Telecommunications (MoITT) on Monday principally approved a budget of Rs 32.13 billion for the Universal
January 20, 2022 (MLN): National Accounts Committee (NAC) approved the revised estimate of GDP growth for 2020-21 which was 5.37% when compared to the base year 2005-6. This is the second-highest growth in the last 14 years,
January 20, 2022: The oil and gas Exploration and Production (E&P) companies, operating in different parts of the country, have drilled around 217 wells including 87 exploratory and 130 appraisals and development during a 40-month
January 20, 2022: Indus River System Authority (IRSA) Thursday released 25,755 cusecs water from various rim stations with an inflow of 44,193 cusecs. According to the data released by IRSA, the water level in the
January 20, 2022 (MLN): The banking sector spread for the month of December 2021 decreased by 11 basis points (bps) over the month which brings its latest value to 4.07% as compared to the prior
January 20, 2022 (MLN): Pakistan has been ranked second in the Economist normalcy index which tracks the global return to pre-pandemic life, showing great resilience against the COVID-19 pandemic. To note, out of 50 countries,
January 20, 2022 (MLN): Government is focused on creating a startup-friendly ecosystem to unleash the huge potential of e-commerce in the country, Prime Minister Imran Khan stated while chairing a meeting of Young Entrepreneurs/Startups, said
January 20, 2022: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar on Wednesday said the government was allocating Rs30 billion for growth in Small and medium Enterprises (SMEs) sector to boost employment opportunities in
January 19, 2022: In a major step towards ease of doing business, the State Bank of Pakistan (SBP) has digitized the process of obtaining refinance from SBP by banks under the Export Finance Scheme (EFS)
January 19, 2022 (MLN): To contain the spread of COVID-19 amid the fifth wave of the pandemic in the country, the National Command and Operation Center (NCOC) announced the virus-induced restrictions that include the closure
January 19, 2022 (MLN): The non-government sector has retired a net sum of Rs.252.49 billion during the week ended January 07, 2022, which brings the cumulative net borrowing for ongoing fiscal year FY2022 to Rs.841.25
January 19, 2022 (MLN): The government of Pakistan has retired Rs201.3 billion during the week ended January 07, 2022, which brings its total net borrowing for ongoing fiscal year 2022 to Rs30.78 billion. As of
January 19, 2022: Prime Minister Imran Khan has directed to improve the performance of national airline Pakistan International Airlines (PIA). Chairing a review meeting on aviation facilities, in Islamabad on Tuesday, he said that launching
January 18, 2022 (MLN): Fitch Ratings has assigned Pakistan's proposed US-dollar sovereign global sukuk certificates, which will be issued through The Pakistan Global Sukuk Programme Company Limited, a 'B-' rating. The Pakistan Global Sukuk Programme
January 18, 2022 (MLN): Foreign direct investment (FDI) in Pakistan stood at $218.7 million during December’21, went up by 61% MoM against the net inflow of $135.7mn recorded in Nov’21, data issued by State Bank
January 18, 2022 (MLN): Amid higher consumer demand, auto-financing surged to Rs354billion by the end of December 2021, an increase of 38% YoY, as it was Rs262bn in Dec 2020, Central bank data showed. Compared
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