Sep 01, 2021: The world's leading oil producers are expected to uphold a July deal to slowly boost output at a meeting on Wednesday, despite US pressure to go further. OPEC members led
September 1, 2021 (MLN): The Federal Board of Revenue (FBR) has successfully developed and rolled out a new module in the WeBOC system for the Online Export Facilitation Scheme (EFS) Authorization Application. In
September 1, 2021 (MLN): The Federal Board of Revenue (FBR) has collected Rs850 billion during July-August 2021, beyond the targeted figure by 23%. In a Tweet, the Premier stated that FBR will comfortably
September 1, 2021: The Economic Coordination Committee has approved a summary of Aviation Division for provision of funds to meet emergent liabilities of the Roosevelt Hotel Corporation. The meeting, chaired by Finance Minister
September 01, 2021: Asian markets were mixed Wednesday as investors tried to assess whether the global recovery will be resilient enough to withstand the fast-spreading Delta Covid variant, with optimism being tested by
August 31, 2021 (MLN): Pakistan has secured $1.596 billion foreign assistance during the first month of the fiscal year 2021-22 i.e., July’21 from multiple financing sources against the annual budget estimates of $14.085bn
August 31, 2021 (MLN): The government on Tuesday cut prices of petroleum products by up to Rs1.50 per litre, effective from September 01, 2021. According to a notice issued on Tuesday, the government
Aug 31, 2021: In continuation to NEPRA’s vision of zero tolerance on power industry safety accidents, an interactive session of National Electric Power Regulatory Authority (NEPRA) Authority with the Chief Executive Officers (CEOs)
August 31, 2021: Food insecurity continues to remain a major challenge facing Pakistan. Cargill, one of the world’s leading agriculture and food processing corporations, has collaborated with Rizq, a prominent non-profit food distribution
August 31, 2021 (MLN): With the ease of food price pressure and an increase in fuel rates, the cost of living, as measured by the consumer price index (CPI) is likely to clock
August 31, 2021: In line with the Government’s resolve towards broadening of tax base and documentation of the economy, Dr. Muhammad Ashfaq Ahmed, Chairman FBR has initiated a huge challenge to plug in
Aug 31, 2021: European stock markets wavered at the open on Tuesday, as London investors returned from a long holiday weekend. In initial deals, the British capital's benchmark FTSE 100 index was almost
August 31, 2021, 2021 (MLN): Low interest rates and robust demand from consumers have taken the auto-financing to a record high of Rs314billion by the end of July 2021, an increase of Rs99bn
Aug 31, 2021: Indus River System Authority (IRSA) Tuesday released 219677 cusecs water from various rim stations with an inflow of 233903 cusecs. According to the data released by IRSA, the water level
August 31, 2021 (MLN): The global economic recovery, especially in Pakistan’s main trading partners, is a healthy sign for stimulating Pakistan’s export growth and workers' remittances. The momentum in domestic economic dynamism and
January 18, 2021: The “OICCI Recommendations for Digital Economy” report was launched on January 18th, 2021 highlighting the much-needed shift required to capture the opportunity of Digital transformation happening within and outside Pakistan through the
January 18, 2021: Chief Executive Officer Balochistan Board of Investment and Trade (BBIT) Farman Zarkoon has said that the province has tremendous opportunities for domestic and foreign investors in the minerals sector. In a statement
January 18, 2021: The United Kingdom wants to increase bilateral trade with Pakistan from existing three billion pounds to ten billion pounds, to achieve mutually beneficial outcomes for both countries. This was stated by UK
January 17, 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
January 17, 2021: Minister for Information Technology and Telecommunication, Amin Ul Haque has said that work on the Karachi Development Package of 1000 billion rupees is in progress with the collective efforts of the federal
January 17, 2021: Directorate General of Petroleum Concessions has publicly opened bids for 20 onshore blocks for grant of Petroleum Exploration Rights through open bidding today at Petroleum House, Islamabad. According to a press release
Market Data and Economic Indicators Weekly Performance Jan 15, 2021 Jan 08, 2021 PKR InterBank 160.3320 160.1715 KSE100 Index 45,931.00 45,654.34 Avg Daily Volume 682,133,634 625,039,486 Gold (Karachi) Rs/10 gm 96,794 98,251 KIBOR 6M
January 17, 2021 (MLN): The financial highlights of the country are brought to light with the economic and financial data releases over the course of the week. Imports into Pakistan during the month of December
January 15, 2021 (MLN): The exports of Chemical and Pharmaceutical Products witnessed an increase of 17.92% YoY and a decline of 30.43% MoM to value at USD 89.974 million during the month of December 2020.
January 15, 2021 (MLN): The import bill of the Machinery group increased by 18.16% MoM and 1.76% YoY to clock in at $867 million in the month of December 2020. According to the data issued
January 15, 2021: Member Inland Revenue – Operations, Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmad has said that for the next budget, FBR’s priority is to cut the cost of doing business, get
January 15, 2021 (MLN): Cement exports during the month of December 2020 declined by 8.58% YoY to USD 19.253 million from USD 21 million in Dec’19 due to closure of ports and lower trade activity
January 15, 2021 (MLN): The exports of the food group witnessed a decline of 7.64% YoY to $2.03 billion during 1HFY21. While, imports of the food group into the country were recorded at $3.90 billion,
January 15, 2021 (MLN): Strong recovery in economic activity continues across the country as Large-Scale Manufacturing (LSM) data for Nov’20 once again has posted highly encouraging numbers. LSM output recorded an impressive double-digit growth of
January 15, 2021 (MLN): Pakistan’s textile exports during the month of December 2020, clocked in at $1.40 billion, up by 22.72% when compared with December 2019 and 9.20% when compared with November 2020. This takes
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