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

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Current account deficit jumps to $2.6bn in January

February 24, 2022 (MLN): Pakistan's current account deficit (CAD) rose to $2.6 billion in January 2022 from $1.9bn in December 2021, largely due to imports in kind that are fully financed, the central

President Biden calls Mr Putin’s move unjustified

February 24, 2022 (MLN): President Biden called Mr Putin’s move an unprovoked, unjustified attack in Ukraine, pledging further action against Russia. “President Putin has chosen a premeditated war that will bring a catastrophic

IRSA releases112,915 cusecs water

February 24, 2022: Indus River System Authority (IRSA) Thursday released 112,915 cusecs water from various rim stations with an inflow of 63,133 cusecs. According to the data released by IRSA, Tarbela Dam water inflow

Union Microfinance launches first branch today

February 24, 2022: Union Microfinance, a new entrant in the microfinance industry, launched its first branch today in Karachi. Union Microfinance was established with the mission to tap the unbanked population and bring

NA body approves Petroleum Division’s budgetary proposals

February 23, 2022: The National Assembly’s Standing Committee on Energy on Wednesday approved scrutiny of the Petroleum Division’s budgetary proposals for the Public Sector Development Programme (PSDP 2022-23) unanimously. The committee meeting, chaired by

SBP raises Rs366.8bn through T-bills auction

February 23, 2022 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs366.8 billion, against its target of Rs800bn while it

FPCCI Chief hails government for IT package

February 23, 2022: Mr Irfan Iqbal Sheikh, Chairman FPCCI’s Management Committee has expressed his satisfaction and pleasure over the incentives announced for the companies and freelancers in the Information Technology (IT) and Information Technology-enabled

IT exports increase by 35.77% in six months

February 23, 2022: The Information Technology (IT) exports have surged at the growth rate of 35.77 percent in the first six months of the current financial year. “ICT export remittances, including telecommunication, computer,

PM departs for two-day visit to Russia

February 23, 2022: Prime Minister Imran Khan Wednesday departed for Russia on a two-day official visit, on the invitation of President of the Russian Federation Vladimir Putin. The prime minister is accompanied by

Government slashes profit rates on NSS

February 22, 2022 (MLN): The government on Tuesday, revised the profit rates on National Savings Schemes (NSSs) with effect from February 22, 2022. According to the notification issued by Finance Division, the profit

IRSA releases 213,255 cusecs water

Sep 21, 2021: Indus River System Authority (IRSA) on Tuesday released 213,255 cusecs water from various rim stations with an inflow of 176,782 cusecs. According to the data released by IRSA, the water level in

Tabish Gohar resigns as SAPM on Power

September 21, 2021 (MLN): Prime Minister Imran Khan has accepted the resignation tendered by Tabish Gohar from the post of Special Assitant to the PM on Power and Petroleum, with effect from September 20, 2021,

Six-month KIBOR increases to 7.91%

September 21, 2021 (MLN): Following the rise in the policy rate, the Six-month KIBOR has been increased by 15 bps on Tuesday to stand at 7.91%. On Monday, SBP raised the policy rate by 25

NHA intends to construct Hyderabad-Sukkur Motorway

September 21, 2021 (MLN): National Highway Authority (NHA), being a custodian of the National Highways & Motorway Network is planning to undertake the construction of Hyderabad-Sukkur Motorway (M-6). The 306 Kilometre, 6-lane divided, limited access

Govt stabilizes economy, improved financial indicators: Minister

September 21, 2021: Minister for Federal Education and Professional Training Shafqat Mehmood Monday said the government stabilized the economy, increased exports, enhanced foreign exchange reserves, and significantly shrank the current account deficit. Speaking at the

FPCCI Condemns the Consultation-less Amendments in Tax Laws

September 21, 2021: Mian Nasser Hyatt Maggo, President FPCCI, has termed the new ordinance a conspiracy against the government and conflicting to Finance Minister’s vision of due consultations with all stakeholders before announcing any taxation measures.

CDWP gives go-ahead to Two Projects worth of Rs 54bn

September 20th, 2021:  At a CDWP meeting presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared one development project with a cost of Rs. 2.66bn & recommended one project worth Rs. 51.29bn to

SBP Raises Policy Rate by 25bps to 7.25 Percent

September 20, 2021( MLN): The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting held on September 20, 2021 in Karachi, has decided to raise the Policy Rate by 25

PM to address 76th UNGA session on Sep 24

Sep 20, 2021: Prime Minister Imran Khan will deliver the policy address during upcoming UNGA session through a video statement, outlining Pakistan’s perspective on key global and regional issues, the Foreign Office said Monday. The

IRSA releases 234894 cusecs water

Sep 20, 2021: Indus River System Authority (IRSA) on Monday released 234894 cusecs water from various rim stations with inflow of 164295 cusecs. According to the data released by IRSA, water level in the Indus

PACRA assigns Berger Paints ‘A-’ credit rating

September 20, 2021: Pakistan Credit Rating Agency (PACRA) has assigned initial entity rating of ‘A-’ for long term to Berger Paints Pakistan Limited, while the short-term rating is ‘A2’. Meanwhile the outlook forecasted on this