Monitoring Report

Economy

Another request of the sugar industry to permit state-owned Trading Corporation of Pakistan (TCP) to procure 20,000 tons of sugar from the millers was also rejected by the government

Economy

Both sides were unable to reach a consensus on a new macroeconomic framework

Economy

Due to delays in securing a bailout package from the International Monetary Fund (IMF), the issuance of Eurobonds has been put on hold

Economy

A borrowing target of $12 billion has been set for FY19 by the Finance Minister Asad Umar to meet the swelled current account deficit

Economy

After the court ruling, Karkey visited Germany, US and UK to get the verdict enforced against Pakistan and this puts the country's foreign assets at risk of being taken over as security to enforce the court's verdict and pay the damages to the Turkish company

Economy

The sources said Moody’s had requested the Finance Division to provide government debt and repayment schedule i.e. latest figures of outstanding public sector debt, which includes external debt by lenders and domestic deb

Economy

As per sources, Governor State Bank of Pakistan (SBP) Tariq Bajwa is going to share the reasons behind the rupee fall on November 30th, a day after the PTI government completed its 100-days in power

Headlines

An increase of 1% in interest rate raises the cost of debt servicing by approximately Rs180 billion and a single rupee devaluation adds Rs97 billion to the public debt

Economy

SAI’s fortunes tumbled in April this year when it defaulted on payments of taxes and fee to the Federal Board of Revenue (FBR) and Civil Aviation Authority (CAA) to the tune of Rs1.3 billion

Economy

Previously, Pak Suzuki Motor had tried to secure tax exemptions under the Greenfield investment category from the PML-N administration which was declined

Economy

The IMF called for 22% further hike in power tariff to address the problem of circular debt

Economy

The AG chairman declared the terminal will be commissioned in the 1st quarter of 2020