August 24, 2020: Crude oil prices climbed on Monday after US President Donald Trump announced an emergency authorization for convalescent plasma to treat COVID-19 patients. International benchmark Brent crude was trading at $45.01
August 24, 2020 (MLN): Pakistan has received $800 million foreign assistance during the first month of the fiscal year 2020-21 from bilateral and multilateral development partners, foreign commercial borrowing, and commodity financing from
August 24, 2020: The Prime Minister's Delivery Unit (PMDU) has received report regarding the performance of FBR officials. According to the report, strict warning has been issued to ten high ranking officials of
August 24, 2020 (MLN): The Ministry of National Health Services Regulation and Coordination allowed pharmaceutical companies to increase prices of medicines up to 10%. However, according to the statement issued by the Ministry
August 24, 2020 (MLN): The non-government sector has borrowed a net sum of Rs.852.15 million during the week ended August 14, 2020, which brings the cumulative net retirment for ongoing fiscal year FY2021
August 24, 2020 (MLN): The government of Pakistan has retired an additional sum of Rs.44.56 billion during the week ended August 14, 2020, which brings its total net retirement for ongoing fiscal year
August 24, 2020 (MLN): Pakistan’s trade deficit in services stood at $362 million during the month of July 2020, signifying an increase of 62%, as compared to the previous month and a decline of 14%
August 24, 2020 (MLN): Pakistan’s current account balance has swung into a surplus of $424 million in July 2020. This surplus during the month is emanated from higher workers remittances and recovery in
August 24, 2020: Government has announced to launch digital banking facility in the next month. Overseas Pakistanis will soon be able to open their bank accounts and make investments directly in the country
August 24, 2020: Ministry of Climate Change is mulling over incentives for four-wheelers under National Electric Vehicle Policy which would be announced soon. Talking to APP, Special Assistant on Climate Change Malik Amin
August 24, 2020: Asian markets rose Monday, tracking another record on Wall Street as the US appeared to tone down its anti-China rhetoric, while traders turn their attention to a meeting of central
August 23, 2020 (MLN): The highlight of the departed week was the Cabinet Committee on Privatization’s decision regarding privatization transactions of state-owned enterprises, wherein it approved the sale of 7% shares of OGDCL,
Market Data and Economic Indicators Weekly Performance Aug 21, 2020 Aug 14, 2020 PKR InterBank 168.2887 167.9318 KSE100 Index 39,621.59 40,290.74 Avg Daily Volume 440,737,175 580,946,905 Gold (Karachi) Rs/10 gm 101,166 102,023
August 23, 2020 (MLN): A brief account of the latest financial data releases and economic developments over the course of the week is highlighted below: The Weekly Sensitive Price Indicator (SPI) for the
August 21, 2020: Economic Coordination Committee (ECC) of the Cabinet Friday allowed the Trading Corporation of Pakistan (TCP) to place an order for the import of 200,000 tonnes of wheat in the public
September 29, 2019: The government of Pakistan is offering tax holiday for foreign investments in tourism sector in a bid to attract Foreign Direct Investment (FDI). The government has planned to invite foreign investment into the
September 29, 2019: Central Directorate of National Savings (CDNS) has said that the investors of Rs 40,000 prize bonds have withdrawn Rs180 billion by September 23, out of overall reserve of Rs 259 billion investments
September 29, 2019 (MLN): The departed week witnessed series of economic and business developments. It starts off with one of the major developments seen on Friday, in which World Bank Country head for Pakistan, Illango
September 29, 2019 (MLN): The country's current financial and economical snapshot was brought into clearer picture with the following data releases over the course of last week: The non-government sector has retired another net sum
Market Data and Economic Indicators Weekly Performance Sep 27, 2019 Sep 20, 2019 PKR InterBank 156.1749 156.0798 KSE100 Index 32,070.81 32,111.10 Avg Daily Volume 107,965,540 123,165,364 Gold (Karachi) Rs/10 gm 74,931 74,674 KIBOR 6M
Sep 28, 2019: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engr. Daroo Khan Achakzai has urged the Advisor to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh, and Federal Board of
September 28: The Securities and Exchange Policy Board met in Islamabad at the SECP Headquarters under the Chairmanship of Professor Khalid Mirza. The Policy Board approved the setting up of a centralized adjudication division in the Commission. This
Sep 27, 2019: The National Electric Power Regulatory Authority (NEPRA) on Friday announced its interim decision on a petition of ex-WAPDA power distribution companies (DISCOs) to recover around Rs 63 billion from power consumers on
Sep 27, 2019: In pursuance of Prime Minister's directive, Federal Board of Revenue (FBR), Anti Benami Zones have started a countrywide exercise to gather information of Benami properties from Provincial Revenue, Development Authorities, ICT Administration.
September 27, 2019 (MLN): The non-government sector has retired another net sum of Rs.12.94 billion during the week ended September 20, 2019, which brings the cumulative net retirement for ongoing fiscal year FY2020 to Rs.149.32
September 27, 2019 (MLN): The government of Pakistan has retired Rs.1.78 billion during the week ended September 20, 2019, which brings its total net borrowing for ongoing fiscal year 2020 to Rs.102.26 billion. As of
September 27, 2019 (MLN): The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the finance ministry to reduce the price of petroleum products for the month of October. According to details, OGRA
September 27, 2019 (MLN): Central Power Purchasing Agency (CPPA) has proposed an increase of Rs 1.8672/KWH over the reference fuel charges of Rs 3.2045/KWH under fuel price adjustment for the month of August 2019 for
Sep 27, 2019: Over two dozen oil and gas companies, operating in different areas of the country, have spent around Rs 400 billion in carrying out Exploration and Production (E&P) activities to increase the national
September 27, 2019 (MLN): Pakistan has emerged as among top 20 reformers globally in Ease of Doing Business. In a tweet today, World Bank Country head for Pakistan, Illango Patchamuthu has said, “With 6 reforms,
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