EconomySBP likely to keep interest rates unchanged for remainder of FY18-19: Fitch Solutions
It warned from a long-term perspective, money and credit growth remain troublesome and indicate inflation pressures are probably going to remain fairly high
Jan 7, 2019
EconomyPTI needs to deliver “tangible” economic improvements to retain its high popularity: Fitch Solutions
It stated downside risks to policy-making are rising due to a united opposition and enactment in the country
Jan 5, 2019
HeadlinesOil and LNG imports decline 11% YoY in December
During the first half (July-December) of the financial year 2018-19, imports declined by 17% YoY excluding LNG (-29% YoY)
Jan 2, 2019
EconomyRupee devaluation & balance of payment crisis dominated headlines in 2018
The rupee, capital markets remained under duress in 2018 due to dwindling forex reserves, growing external financing gap, imports, trade deficit, political and economic uncertainty
Jan 1, 2019
EconomyKSE-100 index declined 3,405 points or 8.4% in 2018
Equities recorded sluggish trading during 2018 as traded volume plateaued by 22% YoY.
Jan 1, 2019
EconomySEP resubmits offer to acquire 66.4% stake in K-Electric
On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer
Dec 24, 2018
EconomyUAE decides to bolster Pakistan’s forex reserves with $3 billion
Pakistan is expecting the UAE to extend further financial assistance via deferred oil payments, said Information Minister Fawad Chaudhary
Dec 21, 2018
EconomyHubco signs financing documents for 330MW coal-fired power project
This is one of the first power projects to use the local lignite at Thar coal block II for power generation
Dec 21, 2018
HeadlinesIPO proceeds in 2018 plunged by 49% to Rs4.8 billion
AGP Pharmaceutical, one of the largest companies in the country’s pharmaceutical sector via its offer for sale (OFS) collected 65% of total raised capital during 2018
Dec 20, 2018
EconomyCurrent account deficit grows 3.46% MoM to $1.255 billion in November
During July-November FY19, current account deficit nosedived 10.59% to $6.090 billion compared to $6.812 billion in the corresponding period of last year
Dec 19, 2018
EconomyRupee devaluation fails to spur growth in exports, touch $9.120 billion in 5MFY19
Trade deficit for July-November FY19 fell to $14.51 billion or 2.0% from $14.81 billion in the corresponding period of last year
Dec 19, 2018
EconomyPakistan spends an average 2.1% of GDP on infrastructure: Fitch Solutions
The research agency said that China’s Belt and Road Initiative (BRI) will keep playing an important role in spurring infrastructure development across Asia
Dec 19, 2018