Category: News

Good Morning The State Bank of Pakistan (SBP) on Monday announced the auction for three-year Government of Pakistan (GoP) Ijara Sukuk to raise some Rs 225 billion in the next three months for the federal government. The World Bank has forecast that if the novel coronavirus (COVID-19) lasts longer than expected, Pakistan’s exports could plunge… Continue reading Daily News:14th April 2020

Good MorningThe weekly inflation during week-ended April 9 against March 26-April 2, 2020 on Week-on-Week (WoW) basis witnessed a reduction of 0.44 percent for combine income group from 125.52 points to 124.97 points, the Pakistan Bureau of Statistic (PBS) revealed. Workers’ remittances increased six percent to $16.9 billion in the first nine months of the… Continue reading Daily News:13th April 2020

Good Morning The foreign exchange reserves held by the central bank decreased 4.14% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 3, the foreign currency reserves held by the SBP were recorded at $10,722.5 million, down $463 million compared with $11,185.6 million in the… Continue reading Daily News:10th April 2020

Good Morning The International Monetary Fund plans on providing Pakistan $1.4 billion by next week  to improve the country’s financial situation as it fights coronavirus,   Arab News reported on Wednesday. The Economic Coordination Committee (ECC) of the Cabinet on Thursday (today) is likely to approve issuance of long-awaited Pakistan Energy Sukuk-II worth Rs 200 billion to… Continue reading Daily News:9th April 2020

Good Morning In the aftermath of the spread of deadly COVID-19 virus in different parts of the world, the Financial Action Task Force (FATF) has extended its deadline for complying conditions for Pakistan for three months up to September from earlier June 2020. Rupee hit another record low of 167.89 to the US dollar in the… Continue reading Daily News:8th April 2020

Good MorningThe federal cabinet, which is scheduled to meet on Tuesday (today) with the prime minister in the chair and will formally approve tax exemptions on the funds to be extended to the Prime Minister’s Covid-19 Pandemic Relief Fund 2020, till June 30, 2021. The Oil and Gas Regulatory Authority (OGRA) on Monday notified a… Continue reading Daily News:7th April 2020

Good Morning The SPI inflation during the week ended April 2 against March 26 on Week-on-Week (WoW) basis witnessed a reduction of 2.01 percent for combined income groups, ie, from 128.10 points to 125.52 points, the Pakistan Bureau of Statistic (PBS) revealed. The World Bank (WB) has revised the real GDP growth projection massively for Pakistan… Continue reading Daily News:6th April 2020

Good Morning The country’s total liquid foreign exchange reserves posted a notable decline of $1.5 billion during March, mainly due to massive outflow of hot money. Moody’s Investors Service has revised downward the Gross Domestic Product (GDP) forecast for Pakistan from 2.9 percent to 2-2.5 percent, ie, by up to 0.9 percent for 2020. The… Continue reading Daily News :3rd April 2020

Good Morning The federal government on Wednesday decided to extend the lockdown to counter the novel coronavirus for another fortnight (till April 14). For second month in a row, pace of increase in prices significantly slowed down and recorded at 10.2% in March due to correction in prices of food and energy items -the factors that… Continue reading Daily News :2nd April 2020

Good Morning   Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and will need a support package of up to $2.5 trillion to cope with the damage, a United Nations report has predicted. According to a report by the UN Conference… Continue reading Daily News:1st April 2020