Moody’s upgrades Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, maintains B3 rating
---Moody's forecasts current account deficit (CAD) for ongoing FY21 at 2 per cent of GDP compared to 1.1 per cent recorded in FY20
Pakistan’s exports may rise by up to $12bn by 2024: ITC
ISLAMABAD: Although the country's exports are expected to face the impact of Covid-19 in the current fiscal year, the International Trade Centre's...
Trade deficit shrinks 10.2pc to $1.64bn in July
Exports rise 6pc while imports drop 2pc during the first month of FY21
Govt unveils new shipping policy with an aim to attract investment
Ali Zaidi announces tax incentives for shipping industry investors, says at least three local shipping companies will soon be registered under the new policy
Cement offtake jumps 41pc to 4.97m tonnes in July
Offtake from the southern region touched an all-time high in July, as total despatches surged 63pc YoY to 1.31m tonnes
Cement price likely to reduce by Rs14.5 per bag
LAHORE: The price of a 50-kilogramme (kg) cement bag is expected to fall by Rs14.5, as the government has slashed Federal Excise...
After months of Covid-led downfall, Pakistan’s exports grow 5.8pc in July
According to the commerce ministry, Pakistan exported goods and services worth $1.99bn in July 2020, as compared to $1.88bn in July 2019
KSE-100 snaps winning streak on profit-booking
Despite accumulating 459 points in early trade, the benchmark index ends lower by 293 points at 39,577.62
FY2019-20: Pakistan’s fiscal deficit narrows to 8.1pc of GDP
ISLAMABAD: Pakistan's fiscal deficit shrunk to 8.1pc of Gross Domestic Product (GDP) during the fiscal year 2019-20.
According to sources, the fiscal deficit...
Stocks gain 613 points on positive sentiments
KARACHI: Investors of the Pakistan Stock Exchange (PSX) returned after Eid holidays with positive sentiments, as the indices accumulated gains throughout the...
IMF programme in limbo as key targets remain unfulfilled
ISLAMABAD: The International Monetary Fund (IMF) would review Pakistan's performance under the Extended Fund Facility (EFF) in the last week of September.
According...
Pay and Pension Commission asks government to increase salaries, pensions
ISLAMABAD: After the federal government’s decision to not increase salaries and pensions of its employees, the Pay and Pension Commission has forwarded...
Economists point out myths and facts about Pakistan’s defence budget
--Govt to spend 17.7pc on defence-related activities in FY21
--Army to get 47.6pc of the total defence budget of Rs1.28tr
--Pakistan's military expenditures...
SBP reserves rise $567m to $12.54bn
Central bank attributes the increase to inflows from multilateral and bilateral agencies, including $505m received from the World Bank
Agreement for Rashakai SEZ to be signed by August end, says Asim Bajwa
ISLAMABAD: CPEC Authority Chairman Asim Saleem Bajwa on Friday said that the agreement for the establishment of Rashakai Special Economic Zone (SEZ)...