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Monthly Archives: January, 2020

Expected Downward Revision in Policy Rate

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According to the government’s economic team, the current policy rate is 13.25% which may witness a downfall by the end of this month. Federal...

Increase in Foreign Investment by Rs 1.13 billion.

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Foreign Investors’ interest in local equity markets continued during the week ended January 03, 2020, as the net purchase of securities via Specially Convertible...

SBP Clarifies the Confusion of Exchange Rates under IMF Program.

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The State Bank of Pakistan (SBP) on Friday issued a series of tweets through its official Twitter handle, clarifying that the exchange rate is...

Asian Markets Mostly Higher as Iran Fears Recede

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Oil prices retreated adding to sharp losses in the previous session as the market shifted focus toward rising US oil stocks and away from...

ECNEC Approves Seven Development Projects worth Rs216.4 Billion

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The Executive committee of the National Economic Council (ECNEC) on Monday approved seven development projects worth Rs216.4 billion related to poverty mitigation, education, and...

World Bank Revises Pakistan’s Growth Projections

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The World Bank has lowered Pakistan’s growth rate projections for the current as well as the next two fiscal years. According to the...

Pakistan to Seek Reduction in Cost of Gas Import

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Pakistan set up a committee to strive for a reasonable reduction in the price of gas which is going to be imported under the...

Enjoy Reduced Duties just on the Import of Mobile Phones below the Worth of PKR 15,000, not Applicable for the High-Priced Mobile Phones.

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Federal Board of Revenue (FBR) has issued a clarification on the news item published in some section of the press. FBR has clarified that...

Topsun Motors- The First Electric Car Company in Pakistan

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The first electric car company named Topsun Motors has finally launched on 3rd January 2020, in partnership with China. Mian Mehmood-ur-Rasheed, the Provincial Minister of...

Forbes Magazine Lists Pakistan among the Best Under-The-Radar Trips of 2020

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According to Forbes Magazine, Pakistan has been recognized as a go-to travel destination for tourists in the year 2020. After the visit of...
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