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Monthly Archives: August, 2020

FDI Grows 61% on Chinese Inflows

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During the first month of this fiscal year (FY21), Foreign Direct Investment (FDI) reported 61% growth sponsored by Chinese inflows. As per the State Bank of...

Ongoing Vulnerabilities Weaken the Government’s Effectiveness on the Business Climate

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On Thursday the Standard & Poor's (S&P) rating agency confirmed Pakistan's long-term and short-term sovereign rating 'B-' and 'B' while retaining a 'stable' long-term outlook. The rating...

Around 2.3 Million Pakistani Youth May Lose Jobs this Year amid COVID-19

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Due to the lockdown to control COVID-19 outbreaks, up to 2.3 million Pakistani youth are at risk of unemployment this year, a joint study by the...

Pakistan’s Mango Exports Exceeds the 2020 Target despite the Pandemic

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Pakistan has exported 125,000 tons of mango, more than the 2020 export target of 80,000 in Covid-19 pandemic bringing foreign exchange $72 million to the country. Revealing...

SECP Directed FBR to Register or Cancel All Bearer Shares

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Pakistan's Securities and Exchange Commission (SECP) has proposed that all current bearer or bearer share warrants, if any, be either registered or cancelled in the specified...

Power Sector Reforms Have Been Affecting the Country’s Economy: PM

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Recently, while directing a meeting on power sector reforms, the Prime Minister Imran Khan said that it has been affecting the economic growth of the country....

Ministry of Commerce Allows the Exports of Surgical, N-95/K-95 Masks

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The Ministry of Commerce has allowed the export by a committee of surgical masks and N-95 / K-95 masks with strict monitoring of their availability in...

Remittances Hit the Highest Ever Amount in the History of Pakistan

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Remittances from overseas employees reached the highest amount for a single month in July, rising 36.5% annually, mainly due to lower expenditure on Hajj pilgrimages due...

Textile exports Finally Rise 14.4% YoY in July after Months of Economic Inactivity

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Pakistan’s exports particularly in the textile sector have finally started to improve after the gradual ease of lockdown in different parts of the world.  According to the...

SBP Introduces a Mechanism for the Payment of Global Digital Services

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SBP has launched a new system for making payments to internationally recognized digital service providers to assist enterprises, particularly those in the IT and financial sectors. The...
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