Jan 08, 2021: The Ambassador of the Republic of Turkmenistan to Pakistan, Atadjan Movlamov called on Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood here on Thursday. During the
January 7, 2021 (MLN) The Federal Board of Revenue (FBR) has authorized certain officials of the Directorate General of Intelligence and Investigation Inland Revenue, Regional Tax Offices, and Model Customs Collectorates to monitor
January 07, 2021: A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of the Federal Minister for Planning, Development, and Special Initiatives Asad Umar here in Islamabad on
January 7, 2021 (MLN): The total deposits held by Commercial Banks have shown a robust growth of 17% YoY to Rs 17.1 trillion in CY20. This is the highest growth in 4-years and
January 07, 2021 (MLN): Pakistan's trade deficit for 6 months (July-December) FY21 was USD 12.42 billion compared to a deficit of USD 11.67 billion from the corresponding period from FY20. According to data
January 07, 2020: The government has released funds amounting to Rs1,329.928 million during the first half of the current fiscal year (July-December) to execute eight petroleum projects under the Public Sector Development Programme
January 7, 2021 (MLN): Prime Minister Imran Khan on Thursday congratulated the exporters and the Ministry of Commerce for their achievements. Taking to his official Twitter account, he said: ‘I have received the
January 07, 2020: The Economic Coordination Committee of the cabinet has approved the import of additional wheat to buffer up existing stocks till the arrival of fresh crops. The ECC, which met in
January 07, 2020: Foreign Minister Shah Mahmood Qureshi says Islamabad's ‘Engage Africa’ initiative is aimed at expanding Pakistan’s diplomatic footprint and deepening economic engagement with Africa. He was chairing the third virtual
January 07, 2020: President Dr. Arif Alvi has underlined the need to utilize Gwadar Port free zone area for transit trade with Afghanistan and Balochistan in addition to Karachi ports. Addressing a briefing
January 6, 2021 (MLN): Pakistan’s fiscal indicators resumed their pre-Covid trajectory during Q1-FY21 compared to the previous quarter, however, the fiscal position was weaker compared to the same quarter of last year. The
January 06, 2020 (MLN): Pakistan’s external account showed signs of stabilizing in Q1-FY21 as the country managed to contain the initial domestic spread of Covid-19 and economic activities resumed from July onwards –
January 6, 2021: The Chairman Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Capital Office, Qurban Ali on Wednesday said that exploration of new markets and regional trade integration are the key
January 6, 2021: The Organization of Petroleum Exporting Countries (OPEC) and non-bloc producers agreed on Wednesday to allow Russia and Kazakhstan to slightly raise oil output in the next two months. In accordance
January 06, 2020: Ambassador of Saudi Arabia to Pakistan Nawaf bin Saeed Ahmed Al-Maliki Wednesday called on Minister for Energy Omar Ayub Khan and discussed matters related to joint ventures (JVs) in petroleum
April 20, 2020 (MLN): The imports of Agriculture & Other Chemical Products and Metals witnessed a decline of 15.22% and 18.14% YoY during Jul- March FY20 to $5.57 billion and $3 billion respectively, compared to
April 20, 2020 (MLN): The Business & Industrial Community of Karachi, which was already largely pessimistic about the business and economic conditions for 2020 before the outbreak of Coronavirus, fears that the economy is taking
April 20, 2020: The federal government has so far authorized the release of Rs 522.22 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against
April 20, 2020: The Central Directorate of National Savings (CDNS) has achieved a collection net target of Rs167 billion by April, 17 of the fiscal year 2019-20. The CDNS has set Rs 352 billion annual
April 20, 2020 (MLN): The import bill of the Machinery group has witnessed a decrease of around 15% YoY/MoM to clock in at $623 million in the month of March 2020. During July-March FY20, the
April 20, 2020 (MLN): Contrary to the prevailing practice of escaping from the local debt market, after a month, foreign investors invested $200.36 million in government denominated T-bills on Friday i.e. April 17, 2020, the day
April 20, 2020 (MLN): With the approval of $1.38 billion under the Rapid Financing Instrument to address the economic impact of the COVID-19 shock, the International Monetary Fund’s (IMF) Executive Board in its staff report
March 20, 2020 (MLN): The exports of the food group witnessed a decrease of 14.65% YoY and 23% MoM to stand at $362 billion in the month of March 2020. While the imports of the
April 20, 2020 (MLN): IMF Representative in Pakistan, Teresa Daban Sanchez while addressing a seminar has said that owing to multiple challenges faced by Pakistan amid COVID-19 pandemic, the economy would be contracted sharply. Furthermore,
April 20, 2020 (MLN): Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood has said the government is finalizing a scheme to support Small and Medium Enterprises across all the sectors that
April 20, 2020 (MLN): World Bank plans to approve 500 million dollars financing for Pakistan by next month. The loan aims to strengthen civil registration and vital statistics i.e. health and education. Copyright Mettis Link
April 19, 2020 (MLN): The total FY20 budget outlay of the Federal Public Sector Development Plan (PSDP) is 701 billion i.e. 8.5% of total expenditure, out of which Rs 8.3 billion or 1.18% has been
April 19, 2020 (MLN): Below are the highlights of the important economic and business events witnessed during the last week that will have a positive impact on Pakistan’s economy in this crucial time when the
Market Data and Economic Indicators Weekly Performance Apr 17, 2020 Apr 10, 2020 PKR InterBank 163.5797 166.7949 KSE100 Index 32,831.83 32,033.20 Avg Daily Volume 178,091,164 185,949,395 Gold (Karachi) Rs/10 gm 83,676 83,848 KIBOR 6M
April 19, 2020 (MLN): A brief account of the latest financial data releases and economic developments over the course of the week is highlighted below: The State Bank of Pakistan (SBP) has decided to reduce
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