Oct 13, 2019: In line with a global downward trend, growth in South Asia is projected to slow to 5.9 percent in 2019, down 1.1 percentage points from April 2019 estimates, casting uncertainty
October 13, 2019: Adviser on Finance Abdul Hafeez Sheikh has said the difficult decisions taken by the government have started bearing positive results on the economic front. Addressing a news conference along with
October 13, 2019: Delegations of international financial institutions including the IMF, World Bank and the Asian Development Bank will pay visits to Pakistan in October and November as per the schedule. In a
October 13, 2019: Central Directorate of National Savings (CDNS) Tuesday said that the investors of Rs 40,000 prize bonds have withdrawn Rs 204 billion by October 05, out of overall reserve of Rs
October 13, 2019 (MLN): The departed week witnessed a series of ups and downs that have a direct impact on the economic operations of Pakistan. To begin with, on Friday, Pakistan and Asian
October 13, 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 Weekly Sensitive Price Indicator (SPI)
Market Data and Economic Indicators Weekly Performance Oct 11, 2019 Oct 04, 2019 PKR InterBank 156.0652 156.5341 KSE100 Index 34,475.69 33,033.32 Avg Daily Volume 284,304,364 222,809,680 Gold (Karachi) Rs/10 gm 74,228 75,231
Oct 12: Owing to the tough economic reforms introduced by the government, twin deficits including current account and fiscal deficit have significantly reduced, imports increased whereas exports decreased during first quarter of financial
Oct 12, 2019: Chairman and Chief Executive Officer (CEO) of MoneyGram Alex Holmes and BankAlfalah CEO Bilal Asghar Saturday signed a contract in London to launch a new bank deposit service, allowing customers
Oct 11, 2019: Wall Street stocks finished higher on Friday as US-China trade negotiations yielded a partial deal that included a halt to tariffs scheduled for next week. The Dow Jones Industrial Average
Oct 11, 2019: The British pound surged on Friday as traders detected signs that London and Brussels could still win the race against time to avoid a no-deal Brexit. Global stock markets meanwhile
Oct 11, 2019: The Federal Reserve on Friday announced a new program to boost liquidity in the US financial plumbing and allow the central bank to better manage interest rates, but without changing
Oct 11, 2019: Should a new crisis erupt on world markets, non-US banks will struggle to cover their debts, which have increased since the global financial crisis, the International Monetary Fund warned Friday.
October 11, 2019 (MLN): The non-government sector has borrowed a net sum of Rs.25.62 billion during the week ended October 04, 2019, which brings the cumulative net retirment for ongoing fiscal year FY2020
October 11, 2019 (MLN): The government of Pakistan has retired Rs.76.77 billion during the week ended October 04, 2019, which brings its total net borrowing for ongoing fiscal year 2020 to Rs.182.67 billion.
The Federal Investigation Agency (FIA), on Monday, August 6, 2018, requested the Supreme Court to form a high-power Joint Investigation Team (JIT) to probe the alleged money laundering of Rs 35 billion through fake accounts.
Production of petroleum products witnessed 13.53 percent increase during the fiscal year 2017-18 as compared to the corresponding period of the last year. According to latest data of the Pakistan Bureau of Statistics, the production
The country's export of goods to Afghanistan increased by 31.02 percent during July-May (2017-18) to US $1.402 billion against the export of goods worth $1.07 billion in same period of the preceding year. The import
According to data released by the All Pakistan Cement Manufacturer Association, the cement sector continued its growth pattern at the start of this fiscal after the conclusion of its most successful year that ended on
KP government has cancelled livestock and vegetable export permits to prevent any possible shortages of sacrificial animals and vegetables in the province ahead of Eid. The directives were issued by the Caretaker Chief minister Justice
Pakistan will be facing a tough time getting the loans it needs to fund its worsening balance of payments position, says a report by the Economic Intelligence Unit (EIU). It holds the view that a
The production of light commercial vehicles (LCVs) witnessed an increase of 18.54 percent during first eleven months of the fiscal year 2017-18 against the same period of last year, Pakistan Bureau of Statistics (PBS) reported.
The imports of petroleum group constituted around 23.7 percent of the total import bill during the fiscal year 2017-18, official data revealed. The import bill of petroleum group was recorded at $14.430 billion compared to
Capital markets kicked off on a positive note today and within a few hours of trading, KSE – 100 index has gained 278 points. The 100 index is currently trading at 42,784 points, up by
The Azad Jammu and Kashmir (AJK) government will be spending over Rs 80 million to improve the transport sector in AJK. According to sources in the Transport Department, strengthening of the transport department has been
Market Data and Economic Indicators Weekly Performance Aug 03, 2018 Jul 27, 2018 PKR InterBank 124.05 127.86 KSE100 Index 42,505.05 42,786.45 Avg Daily Volume 283,683,942 234,917,930 Gold (Karachi) Rs/10 gm 47,153 49,725 KIBOR 6M
LAHORE, Aug 04: Lahore Chamber of Commerce and Industry (LCCI) and Defence Export Promotion Organization (DEPO) inked a Memorandum of Understanding (MOU) to cooperate in Defence and Defence Production sectors here at LCCI on Saturday.
The Federal Bureau of Revenue has started sending notices to those who did not avail the tax amnesty scheme after it's expiry on July 31, 2018. FBR is receiving data of assets and property from
ISLAMABAD, Aug 04 : The production of motorcycles during the first eleven months of fiscal year (2017-18) increased by 15.44 percent as against the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
ISLAMABAD, Aug 4: As Eid-UL-Adha approaching Fast , the trend of purchasing sacrificial animals online has gained momentum all over Pakistan including federal capital , as the practices makes life easier for people who do
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