January 06, 2020: The federal cabinet meeting chaired by Prime Minister Imran Khan on Tuesday allowed the Ministry of National Health Services, Regulations and Coordination to purchase Covid-19 vaccine. According to details, Special
January 05, 2021: Members of the oil cartel OPEC and their partners agreed Tuesday to raise output slightly in February and March, but only in Russia and Kazakhstan. Overall the amount of crude
January 05, 2021: The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if Covid-19 infections accelerate or the vaccine rollout is delayed. The coronavirus
January 05, 2021: The State Bank of Pakistan released its First Quarterly Report on The State of Pakistan’s Economy for the fiscal year 2020-21 today covering the period July – September, 2020. The
January 5, 2021: Chairman of All Pakistan Cement Manufacturers Association (APCMA) Muhammad Ali A. Tabba said Tuesday said that the relief package provided by the government boosted Cement sector growth through increasing demands
January 5, 2021: Despite big export orders available with the value-added textile sector, the textile manufacturers and exporters cannot operate to their capacity due to a shortage of cotton yarn, which is the
January 05, 2021 (MLN): The non-government sector has borrowed another net sum of Rs.60.91 billion during the week ended December 25, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2021
January 05, 2021 (MLN): The government of Pakistan has acquired an additional debt of Rs.59.68 billion during the week ended December 25, 2020, which brings its total net borrowing for ongoing fiscal year
January 05, 2020: Federal Parliamentary Secretary on National Health Services (NHS) Dr. Nausheen Hamid Tuesday informed that Pakistan has booked over 1.2 million doses of coronavirus vaccine from Chinese manufacturer Sinopharm which would
January 05, 2020: Finance Minister Dr. Abdul Hafeez Shaikh has directed the Privatization Commission to accelerate the privatization and management contracts of all entities and present an implementation plan within a week to
January 05, 2020: Members of the OPEC group of oil producers and their partners ended discussions on Monday without agreement on production levels for February, as divisions opened up between the linchpins of
January 05, 2020: Asian markets mostly fell Tuesday following a sharp pullback on Wall Street as investors were spooked by a coronavirus surge, new lockdowns, a slow vaccine rollout and uncertainty over US
January 4, 2021: Central Development Working Party (CDWP) meeting held on Monday under the Deputy Chairman Planning Commission Mohammad Jehanzeb Khan. CDWP considered three projects and also agreed on Karachi Transformation Plan through
January 4, 2021: The cement sector posted a growth of 11.18 percent in December 2020 as compared to December 2019. Total Cement despatches during December 2020 were 4.788 million tons against 4.306 Million
January 4, 2021 (MLN): Pakistan’s headline inflation as measured by CPI for the month of December 2020 eased off to 7.97% YoY and 0.68% MoM compared to 8.35% YoY and 0.82% MoM in
April 17, 2020 (MLN): The relentless demand from business and industrial communities to bring interest rate to single digit has been heeded by State Bank of Pakistan in its surprise move yesterday in which the
April 17, 2020: Prime Minister Imran Khan on Friday sought recommendations from the Special Committee on Agricultural Products for providing special relief to the agriculture sector in the wake of the crisis of COVID-19.
April 17, 2020 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.15% during the week ended Apr 16, 2020 while the SPI increased by 7.69% compared to the corresponding period
April 17, 2020 (MLN): Foreign sell-off continues as international investors pulled out a net amount of Rs 45.26 billion from local securities during the week ended April 10, 2020. Overseas investors continued to be the
April 17, 2020 (MLN): Governor of State Bank of Pakistan, Dr. Reza Baqir recently appeared on a talk show where he discussed the impact of the COVID-19 on Pakistan’s economy and the measures taken by
April 17, 2020: In the wake of the economic challenges faced by Pakistan's economy and increasing energy prices, meetings were conducted by the Government Committee under direction from Cabinet Committee on Energy with Independent Power
April 17, 2020: The Executive Board of the International Monetary Fund (IMF) approved a purchase of Pakistan under the Rapid Financing Instrument (RFI) equivalent to SDR 1,015.5 million (US$ 1.386 billion, 50 percent of quota)
April 16, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has constituted a five-member committee including senior officials from Finance Division and the FBR to sit with representatives of
April 16, 2020 (MLN): Amid qualms of low inflows of remittances due to the impact of global Covid-19 pandemic, the State Bank of Pakistan (SBP) announced incentives for banks and exchange companies on Wednesday to
April 16, 2020 (MLN): Today, the International Monetary Fund (IMF) will approve $1.4 billion for Pakistan over a single year to meet urgent Balance of Payment needs through Rapid Financing Instrument to confront the COVID-19
April 16, 2020: Foreign Minister Shah Mahmood Qureshi has said Pakistan is expected to get debt relief from the 1st of May. In an interview on Thursday regarding the decision of G-20 countries and IMF
April 16, 2020: UN Secretary-General Antonio Guterres has supported Prime Minister Imran Khan's call for a Global Initiative for debt relief to developing countries. At a regular virtual press briefing in New York, the Spokesman
April 15, 2020: Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood Wednesday said the Ministry of Commerce was following the policy that there should be no element of duties and taxes
April 15, 2020 (MLN): Foreign investors withdrew further $52.3 million yesterday from government securities particularly T-bills, bringing the total outflow for the month to clock in at $464.7 million. According to the SCRA data released
April 15, 2020: Central Development Working Party (CDWP) meeting on Wednesday presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan. CDWP approved 03 projects worth Rs. 1.04 billion and recommended 01 Position Paper worth
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