December 23, 2020: Asian markets mostly rose Wednesday following two days of selling, while investors appeared initially unfussed after Donald Trump called a new stimulus package “a disgrace” and told US lawmakers to
December 23, 2020: Worrisome US economic data and concerns over a new coronavirus variant in Britain hit Wall Street and led US equities to close mostly lower on Tuesday. The retreat came amid
December 22, 2020: European stock markets rebounded Tuesday from the sharp coronavirus-related falls seen a day earlier. Asian stock markets retreated, however, as investors continued Monday's sell-off, and, in the US, the Dow
Dec 22, 2020: The Federal Board of Revenue (FBR) on Tuesday issued a clarification regarding the treatment of closing stock at the time of change of taxation regime form final to minimum tax.
December 22, 2020 (MLN): The non-government sector has borrowed a net sum of Rs.24.08 billion during the week ended December 11, 2020, which brings the cumulative net retirment for ongoing fiscal year FY2021
December 22, 2020 (MLN): Federal Cabinet has today approved the Electric Vehicle policy for 4 wheelers. The aforesaid announcement was made by Minister for Industries & Production, Hammad Azhar on its official Twitter
December 22, 2020 (MLN): The government of Pakistan has acquired an additional debt of Rs.18.2 billion during the week ended December 11, 2020, which brings its total net borrowing for ongoing fiscal year
December 22, 2020 (MLN): Foreign corporate investors in Pakistan have been on a ceaseless selling streak for the past six years which has affected share prices and stock market sentiments in Pakistan. According
December 22, 2020 (MLN): The State Bank of Pakistan and Pakistan Stock Exchange will remain closed on Friday, December 25, 2020 being public holiday on the occasions of Quaid-e-Azam Day and Christmas, as
December 22, 2020 (MLN): Pakistan's outstanding debts as of November 30, 2020 stand at Rs.22.988 trillion whereas total debt at the end of prior month was Rs.22.996 trillion, meaning that around Rs.7.94 billion
December 22, 2020: The Federal Government has released Rs. 320.2 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. The released funds
December 22, 2020: The much-awaited construction work on the 1,100-Kilometer gas pipeline is likely to start in July next year aimed at transporting the commodity from Karachi to Lahore and meeting the country’s
December 22, 2020 (MLN): Pakistan’s trade deficit in services witnessed a significant reduction in the month of November 2020 as it declined by 65% MoM to stand at $99 million against the deficit
December 22, 2020 (MLN): Pakistan has posted a Current Account Surplus of USD 447 Million in November 2020 against a deficit of $326 million in Nov’19, taking the overall surplus for the year
December 22, 2020: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh has expressed the government's firm resolve to correct the fundamentals of the economy through effective policymaking and targeted reforms with
Apr 03, 2020: Adviser to Prime Minister for Commerce and Textile, Abdul Razak Dawood on Friday said that the government had offered up to Rs100 billion packages to the industrial sector as a support following
April 3, 2020: Ministry of Information Technology and Telecommunication (MoIT) will sign a Memorandum of Understanding (MoU) with China for cooperation in the Information and Communication Technology (ICT). “Ministry of Information Technology and Telecommunication is
April 3, 2020 (MLN): Advisor to Prime Minister on Commerce Abdur Razzaq Dawood said that the government has made a strategy to allow the export-related industry to start its operation in a phased-manner. He said
April 03, 2020 (MLN): Pakistan's trade deficit for 9 months (July-March) FY20 improved by 26.45% to stand at USD 17.36 billion against the deficit of USD 23.61 billion of the corresponding period last fiscal year.
Apr 03, 2020: Economic growth in Pakistan is expected to slow to 2.6 percent this year due to ongoing stabilization efforts, slower growth in agriculture and the impact of the COVID-19 outbreak, before recovering to
April 3, 2020 (MLN): Moody’s has further slashed Pakistan’s estimated growth rate to 2% for the current fiscal year due to the COVID-19 outbreak. It also believes that the recent steps by the State Bank
April 3, 2020: Prime Minister Imran Khan has said a massive package for the construction industry will be announced tomorrow to maintain the economic activity important to deal with the coronavirus challenge. He was addressing
April 2, 2020 (MLN): The first day of the new month witnessed 21% decline in the outflow of hot money from government debt securities, as the foreign investors extracted $47.63 million from T-bills on April
April 02, 2020: Prime Minister Imran Khan Thursday directed the ministry concerned to accelerate reforms in the energy sector by removing the systemic hurdles and effectively utilizing the limited resources for ensuring relief to the
Apr 02, 2020: Water and Power Development Authority (WAPDA), in a meeting held here to review the status of progress on Daimer Basha Dam, Thursday said it intended to award the contract for the power
April 02, 2020 (MLN): The consumer price inflation dropped to 10.24% YoY in March’20 from 12.40% YoY in February’20, in line largely with market expectation, taking it down to its lowest inflationary reading in eight
April 2, 2020: Pakistan and the European Union have agreed to evolve a joint strategy to tackle the global pandemic by promoting mutual cooperation between the two sides. An understanding to this effect came during
April 1, 2020 (MLN): Due to the continuous deterioration in economic conditions with the COVID-19 crisis across the globe, risk-averse investors fled with their hot money worth $1.77 billion net from government debt securities (T-bills
April 01, 2020: State Bank of Pakistan in collaboration with National Institute of Banking & Finance (NIBAF) is implementing National Financial Literacy Program for Youth (NFLP-Y) to impart essential financial education to Pakistani youth and
Apr 01, 2020: President, Islamabad Chamber of Commerce and Industry (ICCI) Muhammad Ahmed Waheed on Wednesday emphasized to evolve a comprehensive strategy for mitigating the business loses, during the COVID-19 epidemic in the country. Due
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