December 22, 2021: The recent amendments carried out through the Companies Amendment Bill, 2021 would significantly promote start-ups, business innovation, entrepreneurship, and improve the general business climate in the country, said a press
December 21, 2021: The Cabinet today approved the Strategic Trade Policy Framework (STPF) till 2025. It aims to enhance the ability of Pakistani enterprises’ capacity to produce, distribute and sell products and services
December 21, 2021 (MLN): The ongoing supply disruption of Urea has created a spell of worry among local farmers as they have to pay more (Rs600-700 per bag) than its actual price, as
December 21, 2021: European equities rebounded by 1.0 percent on Tuesday after the previous day's sharp global selloff that was rooted in concerns over Omicron economic fallout. London's benchmark FTSE 100 index of
December 21, 2021 (MLN): USA remained as the top export destination for Pakistan with $2.68billion worth of shipments in Jul-Nov FY22, against the exports of $1.85 billion in the same period of last
Dec 21, 2021: Oil and Gas Development Company Limited (OGDCL) has carried out 336 Line-kilometer 2D seismic surveys in its various operational areas during first quarter of the current fiscal year, representing 42
December 21, 2021: The Executive Board of the International Monetary Fund (IMF) approved on December 15, 2021, a fifth and final tranche of debt service relief under the Catastrophe Containment and Relief Trust
December 21, 2021 (MLN): The incumbent government will pay $55billion of the total debt payments during its five years tenure compared to $27bn paid by the preceding government, Fawad Hussain Chaudhry, Federal Minister
December 21, 2021 (MLN): Pakistan’s trade deficit in services widened by 5x YoY to $249 million during the month of November 2021 from $49mn in the same month of the previous year, the
December 21, 2021: Pakistan is committed to early completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, President Dr. Arif Alvi said while talking to the visiting Foreign Minister of Turkmenistan, Mr. Meredov Rashid Ovezgeldiyevich,
December 20, 2021 (MLN): Pakistan’s current account deficit widened slightly by 8% MoM to stand at $1.9 billion in November 2021 from $1.76bn in October 2021 as imports outstripped strong exports & robust
December 20, 2021 (MLN): The State Bank of Pakistan (SBP) has set a credit disbursement target for the agriculture sector at Rs1.7trillion for FY22, which is 21% higher from FY21, SBP tweeted today.
December 20, 2021: Turkey's troubled lira nosedived Monday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilize the currency. Erdogan has pushed the central bank to
December 20, 2021 (MLN): Neither Pakistan was near to bankruptcy in the past nor there is any likelihood for this to happen in the future, Dr. Shahid Hasan Siddique, Senior Economist and Chairman Research
December 20, 2021 (MLN): Central Power Purchasing Agency (CPPA) has proposed an increase of Rs4.3329/kWh over the reference fuel charges of Rs3.738/kWh under fuel price adjustment for the month of November 2021 for
June 22, 2021: Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet at the Cabinet Division. Minister for Interior Sheikh Rasheed Ahmad, Minister for
June 22, 2021: Finance Minister Shaukat Fayaz Ahmed Tarin has said that Government is fully cognizant of its responsibility regarding the provision of essential items at affordable prices across the board. Presiding over the meeting
June 21, 2021 (MLN): The Banking sector spread for May 2021 slightly contracted by 2 basis points (bps) over the month which brings its latest value to 4.44% as compared to prior month's spread of
June 21, 2021: In a major initiative, the State Bank of Pakistan unveiled a comprehensive policy to enhance the financial inclusion of Persons with Disabilities (PWDs) today. The Honourable President of Pakistan, Dr. Arif Alvi
June 21, 2021 (MLN): The Council of Common Interests has unanimously passed National Electricity Policy, Minister for Energy, Hammad Azhar informed on Monday. In his Tweet, he said that this policy is focused on power
June 21, 2021 (MLN): The export volume of Chemical and Pharmaceutical Products dropped by 44.8% MoM to clock in at $59million during May’21 while, the export of the similar group plummeted by 53.83% YoY. Primarily,
June 21, 2021 (MLN): Pakistan’s imports stood at $5.31 billion in the month of May 2021 with major contributions were associated with petroleum products, mobile phones, electrical machinery and plastic materials. According to the data
June 21, 2021 (MLN): The Financial Action Task Force (FATF), the global anti-money laundering watchdog is set to hold its virtual Plenary later this week on June 25, a press release said on Monday. The
June 21, 2021 (MLN): Saudi Arabia has agreed to resume oil assistance to Pakistan worth at least $1.5bn annually in July, Financial Times (FT) reported on Monday. This oil facility would help ease the external account position
June 21, 2021 (MLN): The trade value of food exports from the country in May’21 stood at around $243million, showing a decline of 24.49% YoY from $321.4mn in May 2020. Similarly, on MoM basis, the group
June 21, 2021 (MLN): The total export of textile products witnessed a fall in the month of May 2021 as it declined by 20.5% MoM to clock in at $1.06 billion. When compared with the
June 21, 2021: Special Assistant to the Prime Minister on Food Security Jamshed Iqbal Cheema says the government has allocated funds of 33 billion rupees for the uplift of the agriculture sector. Talking to newsmen
June 21, 2021: Prime Minister Imran Khan says Dasu Hydro Power Project is one of the projects which will immensely benefit the country upon their completion by 2028. In a pinned tweet with a video
June 21, 2021: Minister for Finance Shaukat Tarin says the government has allocated huge funds for development projects and social sector improvement. Talking to PTV, he said health sahulat cards, loans for farmers and youth,
Market Data and Economic Indicators Weekly Performance Jun 18, 2021 Jun 11, 2021 PKR InterBank 156.8926 155.7430 KSE100 Index 48,238.67 48,304.72 Avg Daily Volume 1,049,398,093 1,079,056,832 Gold (Karachi) Rs/10 gm 91,992 94,736 KIBOR 6M
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