Category: News

We have launched a free online course on Investments and financial markets. It is a MOOC MasterClass in which 12 global experts from the US, the UK, Middle East and Hong Kong have given lectures on areas of their expertise and given advice to students on how to best prepare for a career in finance.… Continue reading KASB launches free online course on Investments and Financial Markets

Time: Jun 18, 2020 05:00 PM Islamabad, Karachi, Tashkent
Join Zoom Meeting
https://us02web.zoom.us/j/85206573999
Meeting ID: 852 0657 3999

Good Morning With 62 new deaths due to novel coronavirus across the province during the last 24 hours, Punjab has become the first province to cross 1,000 deaths taking the provincial tally to 1,031.With spike in corona positive cases in Lahore, the provincial government has decided to start complete lockdown for 15 days from midnight… Continue reading Daily news:16th June 2020

Good Morning The market will likely be influenced by the Federal Budget 20-21, which largely unshot the expectations of the business community. The tax collection target for the FBR has been set at an ambition PKR 4.9tn with the introduction of any new taxation measures. Sector-wise relief also remained relatively limited. Therefore, the overall impact… Continue reading Daily news: 15th-June-2020

Good Morning Pakistan Tehreek-e-Insaf government is going to present its second budget for the fiscal year 2020-21, with an estimated outlay of around Rs7.5 trillion, on June 12 (Friday). The government has officially acknowledged that coronavirus has inflicted a loss of Rs3 trillion on the economy so far with 3 percent to 3.5 percent hit… Continue reading Daily news: 12th June 2020

Good Morning The Asian Development Bank (ADB) has approved a $500 million loan to help the Government of Pakistan deliver social protection programmes to the poor and vulnerable, expand health sector capabilities, and deliver a pro-poor fiscal stimulus to boost growth and create jobs as the country fights the coronavirus pandemic. Pakistan became the latest… Continue reading Daily news: 11th-June-2020

Good Morning The federal government is planning to set Rs4.95 trillion as revenue collection target for the Federal Board of Revenue (FBR) for 2020-2021. Sources told Business Recorder that the revenue collection target of the FBR was projected at Rs5.101 trillion for 2020-2021 against pre-Covid19 projection of Rs6.138 trillion for the next fiscal year. While projecting… Continue reading Daily news:10th June 2020

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