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

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ADB delegation meets FBR team to review reforms

November 18, 2021: An important meeting with Asian Development Bank (ADB) officials was held on Wednesday in Federal Board of Revenue (FBR) HQs to review the progress made on “FBR Reform Engagement with

Mobile phone imports jump by 15.5%YoY in 4MFY22

November 17, 2021 (MLN): Pakistan imported mobile phones worth $644.67 million during the first four months of the ongoing financial year (2021-22) compared to $557.96mn in the same period last year, showing a

Pakistan attracts $223mn FDI in October

November 17, 2021 (MLN): Foreign direct investment in Pakistan stood at $223 million during October ’21, down by 6% MoM against the net inflow of $236mn recorded in Oct’21. Similarly, on yearly basis,

IRSA releases 112,307 cusecs water

November 17, 2021: Indus River System Authority (IRSA) Wednesday released 112,307 cusecs water from various rim stations with an inflow of 45,051 cusecs. According to the data released by IRSA, the water level

Textile exports continue record streak in Oct’21

November 16, 2021 (MLN): Pakistan’s textile exports continued their record-breaking streak during Oct’21, depicting an upsurge of 24% YoY and 7.65% MoM. This takes the total textile exports during the first four-month of

SBP to announce monetary policy on November 19

November 16, 2021: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to bring forward its next meeting from the previously announced date of November 26, 2021. The

IEA says oil price rally may start to ease

Nov 16, 2021: The International Energy Agency (IEA) said Tuesday a reprieve from soaring oil prices may be on the horizon as output increases. Shortages of natural gas and coal have triggered a

OMO Result: SBP injects Rs 129.2bn for 3 days

November 16, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation today, in which it injected Rs129.2 billion into the market for 3 days at 7.55 percent. Summary of

Country’s sugar stock stands at 635,000 MTs

November 16, 2021 (MLN): Despite a 60% increase in the sugar import volume- 90,195 metric tons (MTs) during October 21, compared to the import volume in September'21, the country is only left with 635,000 metric

FM urges to complete sale process of NGMS in FY21

May 26, 2021: Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the 4th meeting of the Advisory Committee for the release of Next Generation Mobile Services (NGMS) Spectrum in Pakistan, AJK & Gilgit

Circular Debt build-up declines by Rs189bn during 10MFY21

May 26, 2021: A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar in Islamabad on Tuesday. Power Division submitted

NAB recovers Rs484bn in three years: PM

May 26, 2021 (MLN): Punjab anti-corruption recovered Rs 220 billion in the last 31 months, in contrast to the dismal record of last govt's 10 years, said Prime Minister Imran Khan. Taking to his Twitter

SBP issues first payment gateway license to PayFast

May 26, 2021:  PayFast, the indigenous payments solution by APPS, is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for

CDWP gives go-ahead to six Rs 348.50bn projects

May 26, 2021:  At a CDWP meeting presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared three development projects with a cumulative estimated cost of Rs6.50bn & recommended three projects worth Rs342bn to

Power generation jumps by 25% YoY in April’21

May 25, 2021 (MLN): The overall power generation climbed by 25% YoY to 10,481-gigawatt-hours (GWh) during the month of April’21 compared to 8,391 GWh during Apr’20. The upsurge in power production is mainly due to

Petroleum sector projects get Rs1.34bn in 11 months

May 25, 2021: The government has so far provided funds amounting to Rs1,339.589 million during the current fiscal year to execute petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21). According to the

PFVA sets export target of mango for current mango season

May 25, 2021: All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA) has announced a mango export target of 150000 metric tons for the current mango season which would fetch valuable foreign exchange