April 22, 2021 (MLN): Federal Board of Revenue (FBR) has informed via a notification that it will create four additional Anti-Benami Zones under the Directorate General of Anti-Benami Initiatives with immediate effect to
Despite cheap liquidity from the SBP, banks haven’t substantially increases their housing finance portfolio and continue to lend an overwhelming share to their own employees.
April 22, 2021: Pakistan and Iran have signed a Memorandum of Understanding to establish six trade centers at their border areas. Foreign Minister Shah Mehmood Qureshi and his Iranian counterpart Javad Zarif signed
April 22, 2021: Prime Minister Imran Khan has said the government is striving to bring a revolution in tourism and agriculture by revamping the sectors on modern lines. Addressing at the inauguration of
April 22, 2021: Asia markets clawed back the week's losses on Thursday after Wall Street broke a two-day dip overnight that had been sparked by Covid-19 jitters and valuation fears. Investors took the
April 21, 2021: United Nations Children’s Fund (UNICEF) would provide US $14.5 million PPEs (Personal Protective Equipment) to Pakistan to help contain the spread of the Covid-19 pandemic. According to a UNICEF document,
April 21, 2021: In light of SECP’s commitment to promote capital formation and educate potential issuers and investors about different modes of financing and investment avenues, a Guidance Paper detailing mechanics and elements
April 21, 2021 (MLN): The Federal Board of Revenue (FBR)’s Pakistan Customs Wing has introduced a new automated process in the WeBOC system for scanning of containerized import consignments of industrial raw materials
April 21, 2021 (MLN): Islamic Republic of Iran has lifted the restrictions on the import of Pakistani citrus. The aforesaid announcement was made by Foreign Minister Shah Mehmood Qureshi on his official visit
April 21, 2021: Asia markets saw big falls Wednesday with fears over a renewed coronavirus surge weighing on global investor sentiment and US equities deepening their retreat from last week's record highs. Countries
April 20, 2021 (MLN): To encourage value-added exports, the Cabinet, in its meeting today, has ratified the decision of the Economic Coordination Committee to withdraw Customs Duty on import of Cotton Yarn. The
April 20, 2021 (MLN): The Banking sector spread for March 2021 marginally decreased by 7 basis points (bps) over the month which brings its latest value to 4.31% as compared to prior month's
April 20, 2021 (MLN): The non-government sector has retired a net sum of Rs.54.8 billion during the week ended April 09, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021
April 20, 2021 (MLN): The government of Pakistan has retired Rs.438.22 billion during the week ended April 09, 2021, which brings its total net borrowing for ongoing fiscal year 2021 to Rs.162.09 billion.
April 20, 2021 (MLN): Resuming of economic activity after the period of strict lockdown bounced back the demand for petroleum products which translated a surge in import bill by 65.8% YoY basis to
Aug 21, 2020 (MLN): Smartphone production in Pakistan is multiplying following DIRBS implementation and Mobile Policy launched recently, said by Hammad Azhar. After the meeting with MD and CEO of Samsung Pakistan, Minister for
August 21, 2020: Adviser to the Prime Minister on Finance Abdul Hafeez Sheikh has said the economy has started showing signs of recovery in the wake of a weakening coronavirus pandemic in the country. Addressing
August 21, 2020: Prime Minister Imran Khan has declared the construction sector a guarantor for promotion of economy. He was chairing a meeting of National Coordination Committee for Housing, Construction and Development in Islamabad on
Aug 21, 2020 (MLN): The Federal government has exempted the whole of sales tax on the import of 300,000 metric tons of white sugar by the Trading Corporation of Pakistan (TCP). According to the notification
August 20, 2020: Standard and Poor’s has affirmed 'B-' long-term and 'B' short-term sovereign credit ratings on Pakistan. The outlook for the long-term rating is stable. It also affirmed 'B-' long-term issue rating on Pakistan's
August 20, 2020 (MLN): In July 2020, Port Qasim handled 9 percent more cargo compared to July 2019. This was informed by Federal Minister for Maritime Affairs, Ali Zaidi via his official twitter handle. According
August 20, 2020 (MLN): The Electrical Machinery sector has recorded the highest Net Foreign Direct Investment of $29.4 million during July 2020, while in the corresponding month last year, the sector recorded zero inflows. According
Aug 20, 2020: The Petroleum Division has completed dualization of the White Oil Pipeline, from Karachi to Sheikhupura, for supply of petrol to Oil Marketing Companies (OMCs) reducing reliance on traditional mode of transportation through
Aug 20, 2020: Utility Store Corporation (USC) here on Thursday said that USC is one of the largest tax payer entity and contributed Rs 7.09 billion tax in national exchequer during July 2019 to May
August 20, 2020: Advisor to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh held an introductory meeting with the newly appointed Country Director of the World Bank in Pakistan, Mr. Najy Benhassine
August 20, 2020 (MLN): China has retained the top position as a foreign direct investor in Pakistan, with a total investment of $27.1 million in the first month of FY21 i.e. July’20 The value of
August 20, 2020 (MLN): Pakistan's outstanding debts as of July 31, 2020 stand at a heaping sum of Rs.22.63 trillion whereas total debt at the end of prior month was Rs.22.98 trillion, meaning that around
August 20, 2020 (MLN): Pakistan witnessed Foreign Direct Investments of $114.3 million during the month of July 2020, i.e. around 61% higher as compared to the net inflows of $71 million received in the same
August 20, 2020 (MLN): All Pakistan Textile Mills Association (APTMA) has requested the Ministry of Energy that the collection of Cess from all industrial consumers as per Supreme Court judgment should only be post-GIDC Act,
August 20, 2020: The Senate on Wednesday passed another two bills related to Financial Action Task Force obligations to bring Pakistan out of FATF’s grey list. These bills are “The Limited Liability Partnership (Amendment) Bill,
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