Category: News

Good Morning As anticipated, the government has hiked petroleum prices by over PKR 25/liter to closer reflect prevalent international oil prices. While this hike is antcipated to ease off the recent petroleum shortage within the country, it is expected to push inflationary pressures onwards. Nevertheless, we feel interest rates will likely remain near current levels… Continue reading Daily news:29th June 2020

Good Morning The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), in its emergent meeting held on Thursday, decided to further cut the key policy rate by 100 basis points (bps) to 7 percent aimed to address the domestic economic slowdown due to the Covid-19 pandemic. The net foreign exchange reserves held… Continue reading Daily news: 26th-June-2020

Good Morning The country’s current account balance recorded a surplus of $13 million in May 2020, as compared to the deficit of $1.004 billion recorded in May 2019, according to data released by the State Bank of Pakistan on Wednesday. The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan… Continue reading Daily news: 25th June 2020

Good Morning The rupee fell to almost two-and-a-half month low of 167.65 against the US dollar in the interbank trade on Tuesday as investors and companies rushed to cover a shortage of the US currency before the fiscal year end, dealers said. Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of… Continue reading Daily news:24th June 2020

Good Morning The Minister for Planning, Development and Special Initiatives, Asad Umar, on Monday briefed that as many as 549 lockdowns were imposed across the country. Pakistan’s outstanding debts as of May 31, 2020 stand at Rs.22.71 trillion whereas total debt at the end of prior month was Rs.21.89 trillion, meaning that around Rs.820.97 billion were… Continue reading Daily news: 23rd-June-2020

Good Morning The coronavirus cases in Pakistan are continuing to proliferate, compelling the government to impose targeted lockdowns to curb the spread. Imposition of wide-scale lockdowns capable of affecting businesses activity, however, seems unlikely at present time. While external account imbalances appear to have been rectified for the time being with support from bilateral institutions,… Continue reading Daily news:22nd June 2020

Good Morning The net foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $11 million to $10.107 billion during the week ending June 12, 2020, according to data released by the central bank on Thursday. The Asian Development Bank (ADB) has projected that Pakistan’s economy, which is expected to contract by… Continue reading Daily news:19th-June-2020

Time: Jun 19, 2020 04:00 PM Islamabad, Karachi, Tashkent
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Good Morning The State Bank of Pakistan (SBP) has reported that the government raised a collective amount of Rs186.8 billion from the auction of Pakistan Market Treasury Bills (T-bills), and Pakistan Investment Bonds (PIBs), with both auctions held on Wednesday. Sindh Chief Minister Syed Murad Ali Shah, who also holds the finance portfolio, presented a… Continue reading Daily news: 18th-June-2020

Good Morning Authorities have formulated a plan to impose smart lockdowns in several coronavirus hotspots in Karachi’s East, West and Korangi districts, a notification issued from the Karachi Commissioner’s office on Tuesday says. The development came amid a sharp spike in the number of coronavirus cases in the megapolis. The city reported 1,854 cases and… Continue reading Daily news: 17th June 2020