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PK-Economy

Pakistan Budget FY 2019-20: Salient features of Customs Duty

RELIEF MEASURES 1. To standardize printing and preservation of Holy Quran, import of good quality duty free Art paper is being allowed. 2. Exemption of CD on 18 medicinal inputs/items 3. Exemption of CD on Modular/ Particle Free Operation Theatre 4. Exemption of CD...

Pakistan Economic Survey FY19, Key Highlights

Provisional GDP growth rate clocks in at 3.3%, a 9 year low Pakistan's economy is now worth USD 257bn (PKR 38,559bn). Key growth sectors: Services 4.7%, Industrial 1.4% and Agriculture 0.9%. Major crops witnessed a decline of 6.6%. ...

Pakistan FY20 Budget Preview – A Bitter Pill

The incumbent government is set to build a strategy to navigate through complicated times where the FY20 Budget will address tough economic conditions to revive economic growth (i.e. restrict the twin deficits and target stringent revenue goals via increase...

SECP embarks on digital transformation, launches LEAP

The Chairman, Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, has said that SECP is embarking on digital transformation, end-to-end process automation and enabling user environment for all its regulatees. The SECP’s project for end-to-end digital transformation and...

CPHGC unit 2 synchronized with national grid

The 660MW Unit 2 (CPHGC 2) of the China Power Hub Generation Company (Pvt.) Ltd.  2 x 660 MW coal-fired power plant was successfully synchronized with the national grid of Pakistan on May 28, 2019 as per schedule. The synchronization,...

CDC reduces annual fee by 65 percent, rationalise tariff for five years

Central Depository Company of Pakistan Limited (CDC) has reduced its annual fee and tariff structure in the larger interest of the public and to support the stock market. As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is...

ECC will announce Market Support and Pakistan Opportunity funds on May 30

Incumbent Government after procedural changes has finalized two state enterprise funds namely Market Support Fund (MSF) and Pakistan Opportunity Fund (POF) to energise the capital market. Economic Coordination Committee (ECC) will formally give the guarantee and approval for the...

Currency swap arrangement with China and Middle East need of the time: Malik Bostan

Chairman Forex Association of Pakistan (FAP) Malik Bostan Khan has urged the government to immediately implement currency swap arrangement with China and Middle East to strengthen Pakistani rupee. He hoped that China, which is Pakistan’s Iron Brother’ would facilitate the...

State Bank renews status of VIS and PACRA as eligible external credit assessment institutions 

State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions...

KSE-100 sheds 748 points on delays in state enterprise funds, MSCI rebalancing

Market took a major bantering on Tuesday after resisting the tide of profit taking since Friday. The meteoric rise of Index observed last week was matched on Tuesday with a slide of ~800pts, although the index closed -754pts (unadjusted)....
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Latest News

IMF Staff Concludes Visit to Pakistan

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad and Karachi during September 16–20, 2019...
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Whistleblower incriminates the US president

US President Donald Trump comes under pressure for alleged statements in a telephone conversation with a foreign leader. Democratic chairman of the House Intelligence...

Washington shooting: One person killed and 5 wounded in indiscriminate firing

One person was killed and five others were injured by indiscriminate gunfire in the US capital of Washington. REBREAKING¶¶ Gunfire shots heard on the streets of...

Artificial Intelligence can predict El Nino 18 months in advance

Artificial Intelligence achieves feats that we often thought were impossible to achieve. Their ability to analyze data, find patterns, and learn from them is extraordinary. One...

Belgian F-16 crashed near french base, pilot miraculously unhurt despite being trapped in high voltage line

A Belgian F-16 fighter jet has crashed in the city of Morbihan in France, pilot miraculously remain unhurt despite being trapped in high voltage...