June 3, 2020 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has set up a body headed by Special Assistant to Prime Minister for Petroleum Mr Nadeem Babar to explore various call
June 03, 2020 (MLN): Government will pay off the circular debt, facing by Pakistan’s power sector, through Energy Sukuk-II worth Rs 200 billion today in view of the power sector inquiry report. It
June 3, 2020 (MLN): Foreign companies operating in Pakistan repatriated $190.4 million in profit and dividends on investments in the country during the month of April’20 which was 6.2x higher than the profits
By Asad Rizvi In yet another sensible move National Saving Schemes (NSS) rates have been cut. Next should be a downward adjustment in PIB Coupon rates, as the current coupon rate makes government
June 03, 2020 (MLN): Oil Marketing Companies (OMCs) witnessed 39% increase in volumetric sales of petroleum products, reached to 1.48 million tons in May’20 over April’20 as the easing of lockdown restrictions kicked
June 03, 2020 (MLN): Foreign Investors dumped around Rs. 20 billion worth of securities via Specially Convertible Rupee Accounts (SCRA) during the week ended May 22, 2020, which is around 60.5 percent higher
June 3, 2020: Prime Minister Imran Khan has directed to provide all possible incentives to the industry and create jobs for the youth in the upcoming budget to move the wheels of economy.
Jun 03, 2020: World stock markets rose Tuesday as coronavirus lockdowns were relaxed, with investors shrugging off mass protests in the US and a downcast outlook from the head of the World Bank.
June 3, 2020: The Federal Cabinet has approved the export of locally manufactured personal protective equipment, including sanitizers and other things. The cabinet granted this approval in its meeting held in Islamabad yesterday
June 3, 2020: Growing optimism about the global economic recovery pushed Asian markets higher for a third day on Wednesday as investors took heart from a further easing of lockdowns and looked past
June 02, 2020: Trade negotiators from Britain and the EU embarked on a fourth round of post-Brexit negotiations Tuesday, but no-one in London or Brussels expects a breakthrough this week. Instead, once the
June 02, 2020: World stock markets rose Tuesday as coronavirus lockdowns were relaxed and China-US tensions appeared to be easing, dealers said. In Europe, Frankfurt was the star performer as German investors played
June 02, 2020: X-WAPDA Power Distribution Companies (DISCOs) have sought Rs162 billion adjustments on account of variation in Power Purchase Price (PPP) for 2nd and 3rd quarters of the current fiscal year. In
Jun 02, 2020: The government has released a sum of Rs 69,567.359 million for various water resource projects under annual Public Sector Development Programme (PSDP) for fiscal year 2019-20 so far. According to
June 2, 2020: The Karachi Chamber of Commerce & Industry (KCCI) has expressed its dismay and concern at the helplessness of the importers and exporters who are being exploited by shipping lines operating
June 11, 2019 (MLN): Funds allocation under Public Sector Development Programme (PSDP) has according to sources, been proposed to be kept at the same amount of Rs.675 billion in the upcoming fiscal year 2019 –
June 11, 2019: Minister for Power Omar Ayub Khan says a renewable energy policy is on the cards that will provide a level and competitive ground for investors with good rate of return on their
June 11, 2019 (MLN): As the federal budget for the next financial year is being announced today, it is anticipated that the GIDC (Gas Infrastructure and Development Cess) of Rs 48.6 Billion may be abolished
June 11, 2019 (MLN): The highly anticipated budget for fiscal year 2020 has finally dawned upon local markets in Pakistan as we stand a few hours away from the final announcement. Although there are hardly
June 11, 2019: Dilating upon the positive indicators of last ten months, Advisor on Commerce Razaq Dawood said due to economic reforms, the government had stopped de-industrialization. He said government had given huge incentives
June 11, 2019: Federal Board of Revenue collected as many as 2900 billion rupees from period April 2018 to July 2019 while the inflation rate during the period remained 8.8 percent. According to the official
June 11, 2019: Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan says government has established a real road-map to put the country on the path of development. In an interview
June 11, 2019: Federal budget for the next fiscal year will be presented in the National Assembly today (Tuesday). Prime Minister's Advisor on Finance Dr. Hafeez Shaikh will present the budget emphasizing on austerity, fiscal
June 10, 2019 (MLN): The incumbent government’s economic team has failed to achieve the GDP growth target, as overall key target set for FY19 was missed by 300 basis points due to poor performance of
June 10, 2019: The incumbent government, led by Pakistan Tehreek-i-Insaf, is going to present its first federal budget for the fiscal year 2019-20, with an estimated outlay of around Rs 6 trillion, on May 11
June 10, 2019: Prime Minister Imran Khan has said that austerity needs to be exercised at all levels in view of current fiscal situation. Chairing a meeting in Islamabad on Monday in which he was
Jun 10, 2019: Water inflow in all major rivers witnessed sharp increase due to shooting up mercury level and on Monday it stood at 235,800 cusecs against outflow of 263,300 cusecs. According to the data
Jun 10, 2019: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Monday urged the government for awarding industry status to furniture sector to enhance its exports to fetch a reasonable foreign exchange for the
June 10, 2019 (MLN): The bizarre tax revenue target of Rs 5.55 trillion is the hallmark of the 2019-2020 National Budget. Under the current circumstances, it is fair to assume that the government will have
June 10, 2019 (MLN): Prime Minister Imran Khan has once again appealed the nation to fully avail the asset declaration scheme in order to help the country stand on its own feet and lift the
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