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Yearly Archives: 2020

PSX Reintroduces its Rulebook to Eliminate Redundancies

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Pakistan Stock Exchange (PSX) has re-introduced its Rule Book under the Securities Act 2015 and the Futures Market Act 2016 and has aligned it...

Pakistan’s current account deficit shrinks by 78 percent in 2019/2020

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Pakistan’s Current Account Deficit (CAD) has reduced by 78 percent owing to lower imports and better inflows. The CAD fell to $2.966 billion during fiscal...

Pakistan Has Discovered New Oil and Gas Deposits in Khyber-Pakhtunkhwa

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Pakistan has discovered new oil and gas reserves in Khyber-Pakhtunkhwa province's Kohat district. The discovery was announced at the exploratory well in Tal Block, Mamikhel South-01...

SBP Foreign Reserves Increased from $13m to $12.05b

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According to data released on Thursday by the State Bank of Pakistan ( SBP), the foreign exchange reserves kept by the central bank increased by 0.11...

Development Budget Reduced by Rs170 Billion: Asad Umar

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The federal government had to reduce development budget by Rs170 billion due to coronavirus and this budget deficit would be met next year, said Asad Umar....

PM Inaugurates Diamer Bhasha Dam construction Work

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On Wednesday, Prime Minister Imran Khan kicked off the mega-building work at Diamer Bhasha Dam on River Indus near Chilas, which will generate 4,500 cheap and...

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,...
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