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Monthly Archives: February, 2020

IMF Strict Conditions- A Major Threat to the Country’s Economy

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The direction of the country’s economy needs to be corrected otherwise; the current economic condition may lead to great haram in the near future.  Chamber of...

The government is intended to Borrow Rs. 1.9 Trillion

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During the last 15 months, there is a 40% increase in Pakistan's public debt, the government is planning on borrowing more Rs. 1.9 trillion for financing...

Moody’s Latest Report “Banking System Outlook – Pakistan” for Banking System

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Moody’s latest report Banking System Outlook – Pakistan stated, “that high-interest rates, government's narrow revenue base and heavy debt burden coupled with substantial structural constraints to economic...

Malaysia Automakers to Start Manufacturing in Pakistan

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Malaysian automaker Proton is going to start the production in Karachi during the first half of the year 2021. The plant in Karachi would be the...

British Companies to Invest in the E&P Sector

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As per the official statement released on Tuesday, the Government of Pakistan has invited British companies to invest in the E&P sector. For this purpose, a...

Bed-Wear Textiles Posts 3.16% Export Growth

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As per the official data, Pakistan's bed-wear textiles posted 3.16% export growth to $1.197 billion during July-Dec 2019-20. Pakistan Bureau of statics revealed that increase in...

International Buyers Turn to Pakistan for Textile Orders

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Pakistan Textile Export Association (PTEA) Chairman Khurram Mukhtar said that due to the delay in payment of tax refunds, industrialists are facing severe liquidity issues that...

Turkish President Tayyip Erdogan to Visit Pakistan on 13 February

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The Turkish president will be visiting Pakistan on 13-14 February to attend the sixth round of Pakistan-Turkey High-Level Strategic Cooperation Council (HLSSC). Tayyip Erdogan will make...

The Prices of Food Items to Come Down to a Comfortable Level “Soon”

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Prime Minister's advisor on Finance and Revenue Hafeez Shaikh said the country's inflation rate will begin to recede early, slowly reaching a comfortable level. The advisor...

Pakistan Plans to Sign Dual Citizenship Agreement with Turkey

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The Government of Pakistan is planning on signing an agreement with Turkey to grant dual citizenship for the civilians of both countries. According to a statement issued...
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