EconomyGhandhara Nissan working on procurement of plant & machinery for automobile plant
During the financial year 2017-18, the company issued right shares to partially finance the investment for the revival of car assembly facility and allied activities for Datsun passenger car project
Feb 6, 2019
EconomyActive social media users in Pakistan grow by 5.7%: Report
As of January 2019, the total number of active social media users was recorded at 37 million and active social media users as a percentage of the population were 18%
Feb 5, 2019
EconomyS&P downgrades Pakistan's rating to B-, says recovery to take longer
S&P cautions fiscal and external imbalances will remain elevated despite securing financial aid from bilateral partners
Feb 4, 2019
EconomyPakistan recorded non-resident equity flows of +$14 million in January: IIF
January exhibited a rebound in net non-resident portfolio flows to emerging markets and IIF estimates that EM securities attracted $51.1 billion of foreign capital in January, the highest level in twelve months
Feb 2, 2019
EconomySBP hikes key interest rate by 25 basis points to 10.25%
Challenges to Pakistan’s economy persist despite narrowing as the current account deficit remains high, the fiscal deficit is elevated, and core inflation remains continuingly high, said SBP
Jan 31, 2019
EconomyMini-budget supports exports, but increases fiscal consolidation challenges: Moody’s
It projected the deficit to widen to 6% of GDP in fiscal 2019 due to revenue growth possibly being below government forecasts, slower economic growth and the new revenue-based incentives
Jan 31, 2019
EconomyComputer services have fueled ICT exports in recent years: SBP
The central bank said the country’s informal exports were higher than its formal exports and projections by industry experts put the total size of its ICT exports at $2.5 billion
Jan 29, 2019
HeadlinesUBL’s New York branch surrenders license, concludes voluntary liquidation
In November, UBL had announced it would voluntarily liquidate and surrender its banking license in New York as per the applicable rules and regulations
Jan 29, 2019
EconomyCPEC will continue fueling growth of Pakistan's construction industry over next decade: Fitch Solutions
Improved transparency regarding CPEC projects will aid Pakistan’s efforts in the renegotiation of an IMF bailout, which if sanctioned could provide its struggling economy with much required economic relief, said Fitch Solutions
Jan 28, 2019
EconomyDomestic security improvements will spur business & investment activity in Pakistan: Fitch
The gross financing requirements remain high, notwithstanding a fall in current account deficit as sovereign debt service will grow to $7-9 billion a year over the next three years, said Fitch Ratings
Jan 25, 2019
FeaturedIs the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy
Jan 25, 2019
EconomyUN cuts 2019 growth forecast to below 4% for Pakistan
UN said changes in trade policy can greatly decrease the rising trade costs across the region, facilitate the access to foreign inputs to exporters and enable the participation in global value chains (GVCs)
Jan 21, 2019