Author: Anum Qudsia Siddiqui

Good Morning The World Bank (WB) has massively revised downward the GDP growth rate projection for Pakistan by five percent to negative 2.6 percent from 2.4 percent for the outgoing fiscal year 2019-2020. Petroleum Division on Monday constituted a seven-member committee to ascertain the element of hoarding and black marketing as well as verify the… Continue reading Daily news: 9th June 2020

Good Morning All focus will be on the upcoming budget, which is expected to be announced this Friday. The budget will likely aim to mitigate the economic losses caused by the COVID-19 pandemic by proving support packages to key industries. The central government has continuously re-enforced that the budget will not introduce any new taxation… Continue reading Daily news: 8th June 2020

Good Morning The country’s total foreign exchange reserves fell $1.818 billion to $16.920 billion in May from $18.738 billion in April, a statement issued by the central bank said on Thursday. The forex reserves held by commercial banks rose to $6.558 billion from $6.409 billion. The country’s exports on year-on-year (YoY) basis have witnessed a decline… Continue reading Daily news: 5th June 2020

Good Morning Finance ministers from the Group of Seven nations on Wednesday underscored their commitment to implementing official bilateral debt relief for the world’s poorest countries through year-end and possibly longer as they deal with the coronavirus pandemic. The State Bank of Pakistan (SBP) has reported that the government raised Rs146.5 billion through T-bills, against… Continue reading Daily news: 4th June 2020

Good Morning With no signs of coronavirus pandemic going away anytime soon, Pakistan on Tuesday reported a record number of 3,938 new coronavirus cases with 79 deaths over the last 24 hours. The government on Tuesday trimmed profit rates on all savings schemes and accounts of the Central Directorate of National Savings (CDNS) for the fourth… Continue reading Daily news: 3rd June 2020