EconomyFitch downgrades Pakistan’s rating to B-, maintains stable outlook
It projects current account deficit will narrow to 5.1% of GDP in FY19 and to 4% in FY20 from a revised 6.1% in FY18
Dec 14, 2018
Mohammad Farooq
The author is an Assistant News Editor at Profit by Pakistan Today. His works have been published in Dawn, Express Tribune, LiveMint India, Huffingtonpost India and The News on Sunday. He tweets @MohammadFarooq_
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Economy
HeadlinesMatco to setup joint venture company with Barentz International
The JV is being set up for the import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector
Dec 14, 2018
EconomyEngro Corp divests 29% stake in ETPL to Vopak for $31.378 million
In end-November it was reported Vopak would purchase a total 44% stake in Elengy Terminal Pakistan Ltd, which operates the country's first liquefied natural gas (LNG) import facility
Dec 14, 2018
HeadlinesNoor Financial to divest 5.96% stake in Meezan Bank
In August, according to a notice filed on the exchange, Meezan Bank Limited announced that Noor Financial Investment divested 0.85% of its shareholding
Dec 13, 2018
EconomyPakistan’s GDP growth to slow to 4.3%-4.7% in FY19 and FY20: Moody’s
Moody's said a moderate but increasing level of external government debt also leaves the country’s finances vulnerable to sharp currency devaluations
Dec 13, 2018
EconomyRupee to weaken to Rs148 against greenback by end of FY19: Fitch Solutions
It expects the trade deficit to narrow over the coming months irrespective of oil price dynamics taking the country’s dollar shortage and recent rupee weakness into context
Dec 13, 2018
HeadlinesSystems Ltd granted Rs240m LRMIS contract in Balochistan
Initially, the execution will be carried out in four districts of Baluchistan namely Quetta, Gwadar, Jaffarabad and Pishin
Dec 12, 2018
EconomyAuto sales nosedive 17% YoY to 17,442 units in November
On a month-on-month basis (MoM), auto sales declined 30% to 17,442 units in November against 24,850 units in October
Dec 11, 2018
EconomyTrade deficit declines 0.3% YoY to $2.78 billion in November
On a month-on-month (MoM) basis, trade deficit recorded a decline of 5.3% to $2.78 billion from $2.94 billion in October 2018
Dec 11, 2018
EconomyHubco completes acquisition of 37% stake in ThalNova
In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh
Dec 11, 2018
EconomyPakistan remittances growth to remain flat at 6.2% in 2018: World Bank
Pakistan’s remittances as a percentage of GDP was 6.9% in 2018, ranked at 3rd behind Nepal at 30.1% and two positions above India at 2.8%
Dec 8, 2018
HeadlinesWith PM taking personal interest will the K-Electric deal finally materialize?
On news of SEP’s delegation meeting with the PM, led to a surge in selling and buying of K-Electric shares and it ended Friday as the market volume leader with 13.90 million shares traded
Dec 8, 2018