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Monthly Archives: April, 2021

The SBP Has Imposed Penalties on Major Banks totaling over Rs 97 Million

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For violating regulatory orders, the State Bank of Pakistan (SBP) has imposed penalties totaling Rs 97.577 million on Pakistan's major banks. The SBP takes supervisory compliance measures against...

PIA Cancels Flights to Canada Due to COVID-19

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Pakistan International Airlines on Friday declared that all passenger flights to Canada will be canceled. PIA spokesperson said that due to the ban on flights from...

China Has Agreed to Allow Trade Across the Khunjerab Border

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China has agreed to open the Khunjerab border for trade in response to Pakistan's repeated demands, but only under strict conditions due to the Covid-19 situation. Pakistani...

Govt to Bring Revolution in Tourism and Agriculture Sectors

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Prime Minister Imran Khan said that the government was committed to bringing a revolution in tourism and agriculture by modernizing the sectors. He said that proper infrastructure and...

FDI Plunges by 35% in 9 Months of FY21

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According to data released by the State Bank of Pakistan (SBP) on Monday, foreign direct investment (FDI) fell by 35% to $1.395 billion in July-March FY21,...

Pakistan Exports Textile Products worth $11.35 Billion in Nine Months

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As per the data released by the Pakistan Bureau of Statistics (PBS), Pakistan exported textile products worth $11.35 billion in the first nine months of 2020/2021,...

SECP Automates the Process of Determining a Company’s Ultimate Beneficial Ownership

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The Securities and Exchange Commission of Pakistan (SECP) has made it possible to apply statutory Form-45, the declaration of ultimate beneficial ownership, online through its eService portal...

The Prime Minister Reaffirms His Commitment to Completing CPEC Projects Shortly

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Through highlighting the transformational importance of the China Pakistan Economic Corridor (CPEC), Prime Minister Imran Khan reaffirmed the country's commitment to completing CPEC projects as soon as...

Petroleum Products Are Expected to Witness a Decline up to Rs2 per liter

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The government is planning to cut the price of petroleum products by up to Rs 2. The new prices will be updated after Prime Minister Imran...

The Government Estimates a 4.2% Growth for FY22

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The PTI government predicts 3% GDP growth in the current fiscal year (FY21) and 4.2 percent growth in the following fiscal year (FY22). In this reference,...
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