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Monthly Archives: September, 2020

Government Process to Recover Rs517 Billion GIDC Amount Hits Snag

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The procedure initiated by the Petroleum Division to recover Rs517 billion raised by various sectors of the economy at the head of GIDC (Gas Infrastructure Production...

Pakistan’s Textile Sector Back at Full Capacity

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The textile industry, Pakistan's single largest export earning market, has increased production to pre-Covid-19 full-capacity levels, as a major improvement in the country's pandemic containment has led...

SBP Reserves Are Rising to $12.8 Billion from $13 Million

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As per the data released by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves kept by the central bank increased 0.1 percent...

Pakistan’s FATF October Review to Go Well: Yao Jing

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Finance Advisor Dr. Abdul Hafeez Sheikh and Chinese Ambassador Yao Jing addressed issues related to the Financial Action Task Force (FATF) and the latter said the...

SBP to Issue Monetary Policy Rate on Monday

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The State Bank of Pakistan (SBP) will issue a Monetary Policy Statement with status quo expectations for the next two months on 21st September. The SBP's...

CDWP Approves Projects worth Rs 12.25 Billion

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The Central Development Working Party (CDWP) approved four Rs12.25 billion projects, submitted two Rs33.427 billion projects to the Executive Committee of the National Economic Council (ECNEC) and...

Low-Performing Power Plants being Closed Immediately across the Country

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On Wednesday, a high-level meeting on reforms in the power sector met here to address the issue of circular debt and a roadmap for advancing issues...

The Government Declares Punjab and KP Districts Locust-Free Regions

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The government declared on Wednesday that efforts are under way to clear locust from Baluchistan and the Sindh provinces, while officially declaring Punjab and the Khyber-Pakhtunkhwa districts...

Pakistan, UAE Sign Anti-Money Laundering Agreement

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Pakistan signed a contract with the UAE on Wednesday to combat money laundering and terror financing. Under the Memorandum of Understanding (MoU), the Financial Monitoring Unit...

Pak-UK Trade Relations Should be Strengthen by Taping New Investment Areas

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Sheikh Sultan Rehman, Vice President of the Chambers of Commerce and Industry Federation of Pakistan (FPCCI) said that trade ties between Pakistan and the United Kingdom...
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