Wednesday, November 25, 2020

PK-Economy

Bolstering the economy during the COVID-19 pandemic

As the tally of Coronavirus cases in Pakistan crosses 80,000, the impacts of the pandemic are beginning to gain strength. Pakistan faces both a humanitarian and economic challenge with continuing lockdowns causing problems for individuals and organizations alike. The...

PAeC laud efforts in putting national carrier on progress trajectory

President Pakistan Aerospace Council (PAeC) Dr Haroon Javed Qureshi said that PIA is a national identity for Pakistan, addressing the executive committee meeting held at Islamabad, he appreciated the efforts of Air Marshal Arshad Malik in putting the national...

Capacity building session on exports enhancement held at KCIP

A Capacity building session on exports enhancement was held in Mehran Commercial Enterprises located in Korangi Creek Industrial Park on “Exporting Issues and Enhancement” on Friday. The speaker of the workshop was former Secretary Commerce & Finance Mohammad Younus...

Pakistan: Reforms agenda fully on track, no need to renegotiate IMF program

The reforms agenda being pursued by the government with the support of IMF Extended Fund Facility (EFF) is aimed at putting the economy on a sustainable growth trajectory and the progress on nearly all the performance and structural benchmarks during...

Pakistan: Aamir Khan appointed as key regulator’s head

The government of Pakistan on Friday approved appointment of eminent financial sector professional Aamir Khan as Chairman of the Securities and Exchange Commission of Pakistan (SECP). Aamir has been working as Commissioner, company Law Division (Corporate Supervision) and Commissioner Specialized...

IMF conditions to push eight million people into poverty: Mian Zahid

Mian Zahid Hussain said IMF conditions to Pakistan without properly diagnosing economic ills and giving implementable solutions, quarterly review of IMF can result in another crisis if targets were not achieved. Talking to the business community, President Pakistan Businessmen and Intellectuals...

Pakistan: Equity Bourse in the doldrums on the back of despondent economic conditions

Local equity bourse continued to be in the doldrums for another week primarily on the back of despondent economic conditions in the country. The Pak Rupee once again continued its downslide against the USD, depreciating ~2% WoW to close...

Pakistan: CPI expected at 9.32% YoY in Jun’19, Policy Rate to Increase by 100 bps

Analysts expect Jun’19 Consumer price index (CPI) inflation to settle at 9.32% YoY compared to 5.21% in Jun’18 and 9.11% in May’19, respectively. The uptick in CPI will be owed to i) increase in price of MoGas by PKR...

KSE-100 loses 314 points on USD-Rupee parity

The down trend at KSE 100 continues amidst repo activity. Despite the absence of MTS volume, market remained under selling pressure. Power sector led the volumes on the bourse with 33M shares, followed by Banks (19M). KEL remained on...

Video: UBL came under severe criticism from its account holders

The privatized bank UBL came under severe criticism from its account holders when it did not only blocked their accounts on the pretext of biometric process but even refused to clear their Cheques following completion of the process at...

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Biden appointed Linda Thomas-Greenfield as UN ambassador

US President-elect Joe Biden said that the US Secretary of State, Anthony Blinken, will work to restore US foreign...

Mozambique and Tanzania launches joint operations against rebels

Mozambique and Tanzania would start joint operations to fight an insurgency, under an agreement that also includes the handover of about 500 suspected militants. The...

US-based Chinese opponents support Trump’s allegation of fraudulent election

Some Chinese opposition activists in the field of human rights residing in the United States, who support Donald Trump's hard-line stance towards Beijing, have...

Systems Limited Wins Forbes Asia’s Best Under A Billion Award 2020

Systems Limited – a next-generation global technology company enabling enterprises to reimagine their businesses through information technology (IT) and business process outsourcing (BPO) services...

Global tax evasion hits $ 427 billion annually

Governments around the world lose about $ 427 billion annually due to fraud and tax evasion as companies and wealthy people divert their money...