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

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Customs Intelligence recovers smuggled cloths worth Rs20mn

December 11, 2021: Upon receipt of credible information, the Intelligence Team of Customs Enforcement, Karachi conducted surveillance on warehouses located at Aram Bagh market, Lucknow, and  Al-Jadeed Market Saddar, Karachi, where a huge

SBP revises prudential regulation for Microfinance Banks

December 11, 2021: State Bank of Pakistan (SBP) has issued revised Prudential Regulations for Microfinance Banks (MFBs) to streamline the requirement of obtaining Credit Information Report (CIR) and simplifying the documentary requirements from

SPI falls for third consecutive week

December 10, 2021 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group witnessed a drop for the third consecutive week, going down by 0.07% WoW for the week ended December 09,

SNGPL, SSGC to supply gas to SEZs

December 10, 2021: The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) are currently in process of executing at least six strategic projects to supply gas

IRSA releases 87,275 cusecs water

December 10, 2021: Indus River System Authority (IRSA) Friday released 87,275 cusecs water from various rim stations with an inflow of 33,827cusecs, as reported by APP. According to the data released by IRSA,

OMO Result: SBP injects Rs 1.71tr for 7 days

December 10, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs1.71trillion into the market for 7 days at 9.02 percent. Summary of OMO

Governor SBP appointed IFSB chairman

December 10, 2021: The Governor State Bank of Pakistan, Dr. Reza Baqir has been appointed as the Chairman of the Council of Islamic Financial Services Board (IFSB), Malaysia for the year 2022, the

Nepra notifies Rs4.74 per unit hike in power tariff

December 10, 2021: National Electric Power Regulatory Authority (NEPRA) on Thursday notified Rs 4.74 per unit increase in tariff for October under the monthly fuel cost adjustment (FCA) mechanism.  According to the notification,

Pakistani startups raise $300mn in 2021

December 9, 2021 (MLN): Pakistan's startup ecosystem has been able to secure over $300 million in funding this year after four e-commerce companies raise fresh funds, adviser to PM for Commerce and Investment

Profit rates on NSS raise by up to 2.4%

December 9, 2021 (MLN): Following the hike in the policy rate, the government on Thursday, increased profits rates on all national savings schemes by up to 2.4%, which would be effective from December

Investors in ESG to emphasize on social issues in 2022

December 9, 2021(MLN): Investors, regulators and stakeholders in capital markets are paying increasing attention to social issues and this Environmental, Social and Governance (ESG) theme will rise in prominence over 2022, Sustainable Fitch

RDA: Inflows rise to $2.92bn in 15 months

December 9, 2021(MLN): Foreign exchange inflows through Roshan Digital Account (RDA) reached $2.92 billion in November 2021 since its launch in September 2020, indicating the increasing confidence of non-residents Pakistanis (NRPs), the latest

Weekly News Roundup

June 13, 2021 (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

Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators Weekly Performance   Jun 11, 2021 Jun 04, 2021 PKR InterBank 155.7430 154.6191 KSE100 Index 48,304.72 48,211.70 Avg Daily Volume 1,079,056,832 1,121,493,915 Gold (Karachi) Rs/10 gm 94,736 95,850 KIBOR 6M

Weekly SPI Decreases by 0.59 Percent

June 12, 2021 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.59% during the week ended Jun 10, 2021 while the SPI increased by 15.38% compared to the corresponding period

Government targets GDP growth rate at 4.8% for FY22

June 11, 2021 (MLN): The federal government has projected Gross Domestic Product (GDP) growth rate at 4.8% for the upcoming fiscal year 2021-22. However, for FY21, the government expects GDP to grow by 3.9%. According