Feb 18, 2021: Asian markets were mixed Thursday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe
February 17, 2021 (MLN): Pakistan’s External Debt and Liabilities ballooned to nearly $115.75 billion at the end of 1HFY21, an addition of $5 billion or 5% in the past six months, reported the
Feb 17, 2021: Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Wednesday said the Ministry of Commerce is organizing a Trade and Investment Conference in Colombo, Sri Lanka on
Feb 17, 2021: Ambassadors of United Arab Emirates (UAE) Hamad Obaid Ibrahim Salem Al-Zaabi and Czech Tomas Smetanka Wednesday separately called on Minister for Energy Omar Ayub Khan and discussed matters related to
Feb 17, 2021: Drug Regulatory Authority of Pakistan (DRAP) has granted ‘Emergency Use Approval’ to the CanSinoBIO Recombinant COVID-19 Vaccine Adenovirus Type 5 Vector (the “Ad5-nCoV”) and its marketing through private and public
February 17, 2021: Foreign Minister Shah Mahmood Qureshi has urged Egyptian companies to benefit from ample investment opportunities in Pakistan in various sectors, including construction of houses, energy and health. He was talking
February 17, 2021 (MLN): A request by a sovereign for rescheduling of its external bilateral debt under the new “Common Framework for Debt Treatments beyond the DSSI” (CF) is unlikely to be compatible
Feb 17, 2021: Most markets fell in Asia on Wednesday, hit by profit-taking after a strong rally across the world in recent weeks, with investors worried valuations may have gone too far for
February 16, 2021: Bitcoin rose above $50,000 for the first time on Tuesday as Wall Street set new records on continued confidence of Covid-19 recovery. Bitcoin surged to a high of $50,547.70 in
February 16, 2021: Based on feedback from the diaspora and recommendations from SBP, the Federal Government has introduced several amendments in the Income Tax Ordinance 2001 through Tax Laws (amendment) Ordinance 2021 to
February 16, 2021 (MLN): Overseas Pakistanis have responded positively to SBP’s Roshan Digital Account with over 87 thousand accounts being opened so far and USD 500 million has been sent to Pakistan in
February 16, 20201: An International Monetary Fund (IMF) team led by Ernesto Ramirez Rigo, concluded virtual discussions with the Pakistani authorities and reached a staff-level agreement on the second to fifth reviews of
Feb 16, 2021: The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 62.60 U.S. dollars a barrel on Monday, compared with 60.77 dollars per barrel on Friday, according to
February 16, 2021 (MLN): The total money supply circulating within the economy in December 2020 has been recorded at around Rs.25.97 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained
Feb 16, 2021: In order to restore the declining output of cotton as well as encouraging the growers to bring maximum area under crop production, the government was working on a scheme of
June 15, 2020 (MLN): The government of Pakistan has acquired an additional debt of Rs.129.41 billion during the week ended June 05, 2020, which brings its total net borrowing for ongoing fiscal year 2020 to
June 15, 2020: Minister for Industry and Production Hammad Azhar says the government has presented a balanced budget despite the difficult situation of coronavirus. Talking to a private TV channel, he said the PTI government
June 14, 2020: Chief Executive Officer of China's Overseas Port Holding Company Zhang Baozhong, says Gwadar Port will be a new economic hub of Pakistan and the highest GDP contributor to its economy by 2030.
June 14, 2020 (MLN): The highlight of the departed week was the announcement of budget for the FY21, in which the government has provided some reprieve in order to battle the Coronavirus, while also imposing
Market Data and Economic Indicators Weekly Performance Jun 12, 2020 Jun 05, 2020 PKR InterBank 164.2461 163.3011 KSE100 Index 34,611.23 34,350.42 Avg Daily Volume 225,565,479 156,369,652 Gold (Karachi) Rs/10 gm 84,191 83,676 KIBOR 6M
June 14, 2020 (MLN): The latest weekly roundup is here to synthesize the events of the last week as well as to update the financial and economic data releases as they provide a guide to
June 14, 2020 (MLN): The total amount for External Receipts in the federal budget for FY21 are estimated at Rs 2.22 trillion, shows a decline of 2% over the revised estimates for budget 2019-20. The
June 14, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.05% during the week ended Jun 11, 2020 while the SPI increased by 8.49% compared to the corresponding period
June 12, 2020 (MLN): The total amount allocated for Total Capital Receipts, which is the sum of Recoveries of Loans & Advances and Capital Receipts, in the Federal Budget for the Fiscal Year 2020-21 totals
June 13, 2020 (MLN): The much-awaited budget FY2020-21 was announced yesterday, with Rs 209 billion enacted towards subsidy, marking a decrease of 40% and 24% from the revised estimates and actual budget figures of FY2019-20
June 13, 2020: Adviser on Finance Hafeez Sheikh has said the budget for next fiscal year is focused to cope with the impacts of Covid-19 and provide relief to the masses. He was addressing post
By Asad Rizvi June 13, 2020 (MLN): I don’t want to comment on BUDGET FY21window dressing strategy, because when the economy is unable to generate income and is fragile for years, it keep shrinking. This
June 12, 2020 (MLN): The total outlay for the net revenue receipts, which is a component of internal resources, has been set at Rs. 3.69 trillion, i.e. around 6.6 percent as compared to the actual
June 12, 2020 (MLN): The tax revenue target for the fiscal year 2020-21 is Rs 5464 billion, framing the COVID-19 situation and its subsequent impacts on the battering economy. To set the target of Rs
June 12, 2020 (MLN): The total outlay for overall government expenditure during FY21 has been set at 7.23 trillion, out of which the amount for current expenditure is Rs 6.34 trillion, shows detailed budget document
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