Monitoring Report

Economy

Liquefied Natural Gas (LNG) imports soared 144 percent to $332 million during July 2018 against $135.2 million in July 2017 due to the commencement of operations at various RLNG based power plants, said PBS

Economy

Ogra disregarding ISGS granted the other similar pipeline project to FOC without conducting a public hearing for it

Economy

The finance minister indicated this policy was to disincentivize those people who sought to earn money from illicit practices and launder it overseas

Economy

As many as $64 million have been remitted to Pakistan under the recently concluded tax amnesty scheme

Economy

Officials believe the absence of diplomatic ties with Armenia could inhibit the finalization of the trade deal with EEU

Headlines

Pakistan’s main water reservoirs have gained 65.60 percent of the combined live storage of 13.681 MAF, of which 34.40 percent capacity requires to be filled

Economy

The external debt servicing obligation payment projection for FY19 is a touch less than the foreign currency reserves held by the State Bank of Pakistan (SBP)

Economy

The slashed income tax rates incorporated by the previous government would make it difficult for the FBR to achieve budgetary targets set for FY19 due to the recent changes has effectively exempted 1.2 million out of 1.4 million taxpayers, as per their projections

Economy

During July, cotton yarn exports rose 7.62 percent YoY, touching $117.343 million

Economy

When JJVL commenced operations, there was a monopoly of around six companies at that time and now 130 entities existed, crediting itself for the efforts of bringing distribution down to the district level, said Iqbal Z. Ahmed

Economy

Sources quoting the Chinese ambassador said Beijing was contemplating to invite new Prime Minister Imran Khan as a guest of honour for China Import Fair set to be held in November 2018