Saturday, July 31, 2021

Pakistan economy

Dr Baqir: SBP to make one million new merchants in 2020

Dr Reza Baqir, the governor of the State Bank of Pakistan (SBP) announced on Friday that the central bank plans to make one million new merchants in 2020. A micro-payment gateway is in making which would provide facilities to...

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...

Interest rate hike to bring a new wave of inflation: Mian Zahid

Former provincial minister Mian Zahid Hussain said the Interest rate hike to bring a new wave of inflation, country is in grip of uncertainty and fears after the annual budget which is taking a toll on the weak economy. President...

Pakistan tops in discount rate among Asian countries

State Bank of Pakistan SBP in its meeting on Tuesday raised the discount rate by 100 bps to 13.25 percent with effect from 17th July 2019. The decision takes into account upside inflationary pressures from exchange rate depreciation since the...

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...

Higher taxes on liquefied gasses to hit economy: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain said enhancing taxes on liquefied gasses will hit almost all...

Withdrawal of zero-rated regime to hit exporters, economy: Mian Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said withdrawal of the zero-rated regime will hit...

Pakistan: Economic survey report to release today

Economic survey report to release on Monday (today). Pointers likely to carry in Economic Survey; Economic growth for 2018-19 will be likely be 3.3% vs 6.3% target Government sets economic growth target of 4% for 2019-20 Manufacturing sector slides...
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Latest News

Construction may fetch Rs 2000 Billion investment if amnesty extended: Fayyaz Ilyas

Chairman Association of Builders and Developers of Pakistan (ABAD) Fayyaz Ilyas has said that the investment in Construction Industry...
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