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Yearly Archives: 2020

State Bank’s Forex Reserves Hit a 2.5-Year High

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On Thursday, the central bank declared that its foreign exchange reserves had risen to their highest levels in more than two and a half years this...

Oil Prices Ease as Rising COVID-19 Cases Outweigh Vaccine Optimism

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On Thursday, oil futures eased, giving up some gains from the previous day as the increase in coronavirus cases and tighter economic constraints around the world...

Pakistan & Russia Finalizes protocols for North-South Gas Pipeline Execution

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The Pakistani Ministry of Energy (Petroleum Division) and the Russian Federation Ministry of Energy held the first meeting of the Russia-Pakistan Technical Committee on Mutual Cooperation for...

SBP Likely to Expects 1.5-2.5% Growth

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During the current fiscal year the State Bank of Pakistan (SBP) expects GDP growth of the country to remain within the range of 2.5 percent, i.e....

PM Imran Khan meeting with Afghan President Ashraf Ghani on Maiden Visit Today

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Prime Minister Imran Khan will arrive in Kabul on his maiden visit to Afghanistan today at the invitation of President Ashraf Ghani and is...

Hike in Saudi Aramco CP to Hit Local Market

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The substantial rise in the Saudi Aramco Contract Price (CP) would lead to an increase in local market prices for domestic and commercial cylinders in the...

Exemptions from Duties and Taxes Extended for another 3 Months

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The government has agreed to extend COVID-related products taxes and duty exemptions for a further three months, i.e. from October to December 2020, official...

FDI increases 9.1% to $733.1 Million in July-October

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In the first four months of the current fiscal year, foreign direct investment rose 9.1% to $733.1 million as the troubled power industry continued to draw...

Import of Costly LNG to Hit Masses, Double Circular Debt

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On Sunday, the Pakistan Economy Watch (PEW) said that the government is importing expensive gas that will impact the masses and the industry. Expansive gas would...

Government to Abolish Unnecessary Taxes

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On Saturday, Federal Minister of Industry and Production Hammad Azhar assured the business community that the excessive tax burden on companies will end. While speaking at...
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