Sep 16, 2021: Europe's main stock markets advanced at the open on Thursday, as investors took their cue from a strong performance on Wall Street. In initial deals, London's benchmark FTSE 100 index
September 16, 2021: German business delegation called on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, at the Finance Division Yesterday. The delegation comprised of the representatives of leading German enterprises.
September 15, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has approved the provision of 70 MMG RLNG to SNGPL based plants (Agritech and Fatima Fertilizer) during Rabi season 2021-22. Federal
September 15, 2021: With the rapid growth in adoption of electronic banking channels, especially amidst the COVID-19 pandemic, the demand from bank and customers for digital financial transactions have increased manifold. Based on
September 15, 2021 (MLN): The Large-Scale Manufacturing Industries (LSMI) of the country witnessed a growth of 2.25% YoY during July’21 compared to the same month last year. The Ministry of Finance, in its
September 15, 2021: The government has so far released an amount of Rs1.625 billion to execute seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) aimed at
September 15, 2021: The Asian Development Bank (ADB) has issued its first ever dual-tranche blue bonds denominated in Australian and New Zealand dollars that will finance ocean-related projects in Asia and the Pacific.
September 15, 2021: 50th special plane of Pakistan International Airlines (PIA) has airlifted three million doses of Sinovac Covid-19 vaccines from Beijing Capital International Airport to Islamabad. “PK-6853 is the 50th special cargo
September 15, 2021 (MLN): The Oil and Gas Regulatory Authority (OGRA) has proposed an increase in the prices of all major petroleum products by up to Rs10.50 per liter which would be effective
September 15, 2021: The Prime Minister on Tuesday directed to focus on the successful completion of the privatization program of public entities by taking all the necessary measures to ensure transparency. In a
September 14, 2021 (MLN): Rating performance in the global non-financial corporate sector is improving, with the number of issuer upgrades exceeding downgrades in January-July 2021, Fitch Ratings said on Monday. The rating agency
Sep 14, 2021: Britain on Tuesday said it would push back its implementation of full post-Brexit borders checks on goods from the European Union, as the pandemic, red tape and new immigration rules
September 14, 2021: Federal Minister for Finance and Revenue Shaukat Tarin said on Tuesday that the country’s net public debt was on declining trend and reduced to 81.8 percent debt-to-GDP ratio during the
September 14, 2021 (MLN): The Cabinet Committee on Energy (CCOE) has directed the Power Division to proceed payments to eleven IPPs, under the 2002 Power Policy (PP) as per mechanism agreed earlier between
September 14, 2021: As many as four solar projects with a cumulative capacity of 250MW have achieved Financial Closing and will start supplying electricity to the national grid by March next year. Sharing
February 09, 2021 (MLN): The government of Pakistan has acquired an additional debt of Rs.74.59 billion during the week ended January 29, 2021, which brings its total net borrowing for ongoing fiscal year 2021 to
Feb 09, 2021: Pakistan has called for finding a “long-term and comprehensive” solution of the debt problem for the Least Developed Countries (LDCs) as part of the efforts to build back better from the wreckage
February 9, 2020: The government has paid Rs 205 billion out of a total of Rs 248 billion to Khyber-Pakhtunkwa under the head of net hydel profit. Amount of Rs 43 billion was still pending
February 9, 2020 (MLN): Pakistan is planning to ask China for relief on payments for power projects Beijing financed over the past eight years, under the Belt and Road Initiative (BRI). A person familiar with
February 9, 2021 (MLN): The government failed to achieve its target of decline in public debt to GDP ratio to 84%, rather it rose to 87.2% of GDP in fiscal year 2019-20 compared to 86.1%
February 09, 2021: Prime Minister Imran Khan says ensuring food security, promotion of the Agriculture sector, and provision of farmers' due rights is the top priority of his government. Chairing a review meeting on reforms
February 09, 2021: Economic Coordination Committee of the Cabinet has approved 350 million rupees for procurement and installation of a video Analytics Surveillance system for monitoring of the production and sale of sugar. The approval
February 8, 2021 (MLN): The total deposits held by Commercial Banks have shown a robust growth of 16% YoY to Rs 17.1 trillion in January 2021. While, on monthly basis, commercial banks’ deposits showed a
February 8, 2021: Central Development Working Party (CDWP) meeting on Monday chaired by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan. CDWP Approved 04 projects worth Rs. 6.8 billion and recommended 01 project worth Rs. 43.32
Feb 08, 2021: The Federal Government has released Rs 476.6 billion for various ongoing and new social sector uplift projects to date under its Public Sector Development Programme (PSDP) 2020-21. The released funds include Rs.
February 08, 2021 (MLN): Pakistan's trade deficit for 7 months (July-January) FY21 was USD 14.96 billion compared to a deficit of USD 13.82 billion from the corresponding period from FY20. According to data released by
Feb 08, 2021: The government has released funds amounting to Rs1,686.644 million during first seven months of the current fiscal year to execute eight petroleum projects under the Public Sector Development Programme (PSDP 2020-21) against
February 8, 2021 (MLN): The government failed to reduce the federal fiscal deficit to 4% of the GDP during FY20, as prescribed in FRDL Act, 2005, which requires the federal government to take measures to
February 8, 2020: Prime Minister Imran Khan has directed the authorities concerned to accord special emphasis to reduce the burden of indirect taxes on the people. Chairing a meeting of his economic team in Islamabad
February 8, 2021 (MLN): Federal Minister for Planning and Development, Asad Umar on Monday chaired a meeting of the Cabinet Energy Committee to discuss the payment of dues to Independent Power Purchasers (IPPs). The meeting
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