Monitoring Report

Economy

Earlier this week it was reported Pakistan’s cement exporters have been directed to recall their containers which were set for India, upon the request of Indian importers after their government imposed a 200% increase in duty on several products

Economy

During the presentation, the Ogra chairperson shared that levelized tariff for oil transportation via the pipeline to be laid by Frontier Oil Company would be Rs2,406 per ton, which constituted 88% of the existing road tariff

Economy

PAEC wanted an extension in the completion period of these schemes and CDWP has provided an extension till June 2019 with the instructions that these projects be shelved if the work still remains pending

Economy

It also forecasts to raise the revenue-to-GDP ratio to 14.6% by 2021-22, including FBR collection and revenue from other sources

Economy

Mr Hayat shared the repayment of the loan begins after 20 years at an interest rate of 0.1% and no other country globally lends on such easy terms

Economy

The development comes amidst rising tensions between Pakistan and India after the Pulwama attack and the latter's decision to slap 200% duty on imports from Pakistan

Economy

Mr Bajwa said a plan had been formulated to banish the current account deficit and work in this regard was in progress

Economy

Pakistan has suggested signing an economic framework agreement to prioritize areas of cooperation, which is expected to be reached during the 12th JMC

Headlines

On Monday, the tax regulator notified the Statutory Regulatory Order (SRO) 187 (1) 2019 under which the revised Convention on Avoidance of Double Taxation between Pakistan and Switzerland includes revised Article 25 having a more elaborate mechanism for accessing information between the two countries

Economy

Saudi Fund of Pakistan is poised to invest $1 billion in five hydropower projects, including Diamer-Bhasha and Mohmand dams over the next two to three years