Monitoring Report

Economy

In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure

Economy

The PEC urged the government to float its shares on the stock market for public subscription, which would allow to raise funds for the Diamer-Bhasha dam

Economy

Megvii Technology based in Beijing is seeking to enter the Pakistani market for developing apps and other software for transportation departments and one of its services can recognize vehicles’ number plates

Economy

The Punjab government is looking to use its vacant land for industrial and commercial purposes which would enhance economic activities and allow it to generate revenue, said Bakht

Headlines

This is the fifth devaluation of the rupee since December 2017, which has seen the local currency losing a cumulative 27 percent of its value against the greenback

Economy

The energy ministries from both the countries had reached an inter-governmental agreement in February 2017

Headlines

The tax regulator owes Rs26 billion in shape of sales tax and Rs33 billion in income tax refunds to the OICCI members

Economy

Pakistan has been a recipient of over a dozen IMF bailouts in the last two to three decades

Economy

Southern region exports also surged by a gigantic 212.13 percent to 1.044 million tons against 0.334 million during July-September 2017

Economy

An official stated the latest round of devaluation and exchange rate would assist in reducing the import bill which stood at a record $60.9 billion in the preceding FY18 and rein in current account deficit

Economy

The interest rate hike by the central bank is also impacting auto financing, said an analyst

Economy

Chaudhry mentioned the government was in talks with other countries but explained Pakistan was left with only 46 days of foreign exchange reserves to run the country