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Monthly Archives: July, 2020

Macroeconomic Uncertainty Confines Productivity Growth

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The World Bank said that the growth in productivity in Pakistan has been constrained by macroeconomic volatility. In its latest report, "Global Productivity, Patterns, Drivers, and...

MOL Group Makes New Hydrocarbon Discovery in TAL Block

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MOL operates TAL block with 8.4% stake while Pakistan Oilfields Limited (POL), Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company (OGDC) hold 21%, 28%...

Turkish Airlines Handle Pakistan’s Exports of Fruits and Vegetables after PIA Ban

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Although the flight operations to Europe remain suspended for Pakistan International Airlines (PIA), Turkish Airline has offered its services to transport Pakistani exports of fruit and vegetables...

Remittances Hit Historic High of $23.121 Billion

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During the last fiscal year (FY20), Pakistan has earned all-time high inflows of over $23 billion in home remittances. As per the State Bank of Pakistan (SBP), cumulatively,...

Public Debt Grows 9% in 11 Months to Rs 34.5 Trillion

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The data released by central bank showed that, In the 11 months to May, public debt rose 8.5 per cent to Rs34.5 trillion as cash-strapped government...

Afghan Exports through the Border with Wagah Allowed

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Pakistan announced on Monday that the Wagha border crossing would be reopened from Wednesday (15 July) to allow Afghan goods to be exported to India 'in...

PIA to Lose Rs. 33 Billion Due to UK, EU & US Flight Bans

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Pakistan International Airlines (PIA) will suffer losses worth billions following the ban on flight operations in Europe, the United Kingdom (UK), and United States...

Kamyab Jawan scheme loan limit raised to Rs25 million

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Entrepreneurs from IT and Ecommerce sectors can avail loans of up to Rs. 25 million under the PM Kamyab Jawan Program. In this regard, the...

SBP imposes monetary penalty of Rs1.68 billion on 15 banks

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State Bank of Pakistan (SBP) has imposed monetary penalty of Rs1.68 billion upon at least 15 commercial banks for violating various regulations including anti-money...

World Bank to Release $400 Million Loan After Govt Achieves Targets

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The World Bank (WB) has linked the $400 million loan for the Pakistan Rises Revenue (PRR) project with a result based annual target, saying...
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