Category Archives: Market

Analysis: Food inflation pain puts emerging markets between rock and hard place

Published by Reuters UK By Karin Strohecker, Ezgi Erkoyun and Sarah El Safty LONDON/ISTANBUL/CAIRO (Reuters) – Like for millions of people in developing and emerging market countries around the world, shopping for staple foods has turned from a necessity into

China and Pakistan Review Progress on CPEC and Special Economic Zones

Pakistan and China reviewed the progress of the China-Pakistan Economic Corridor (CPEC) and Special Economic Zones (SEZs) yesterday and discussed the future plan for the completion of these projects.Both sides evaluated the development of CPEC and SEZs...

PTA’s Profit Grew by 286% in Q1 FY22

The profit of the Pakistan Telecommunication Authority (PTA) witnessed a staggering growth of 269% year-on-year in the first quarter of the financial year 2021-22.According to the State Bank of Pakistan (SBP), PTA’s profits rose to Rs. 30.1 billion in ...

ICCI Slams SBP for Surge in Benchmark Interest

The Islamabad Chamber of Commerce & Industry (ICCI) has disagreed with the State Bank of Pakistan’s (SBP) decision to increase the benchmark interest rate by 2.5 percent, pushing it to 12.25 percent.President ICCI Mohammad Shakeel Munir termed the deci...

Commerce Ministry Formally Starts Barter Trade With Iran and Afghanistan

The government has finally given legal cover to the barter trade with Iran and Afghanistan, according to two notifications issued by the Ministry of Commerce.Ministry of Commerce has issued SRO.484(I)/2022 and SRO.485(I)/2022 to amend the Export Policy...

FBR Exempts Customs Duty on Import of Oxygen Gas, Cylinders and Cryogenic Tanks

The Federal Board of Revenue (FBR) has exempted customs duty on the import of oxygen gas, oxygen gas cylinders, and oxygen cryogenic tanks up to June 30, 2022.In this regard, FBR has issued an SRO.488(I)/2022 on Wednesday. According to a

FBR Moves to Recover Rs. 5.7 Billion in Unpaid Taxes from Jazz

The Federal Board of Revenue (FBR) has attached Pakistan Mobile Communications Limited Jazz bank accounts for committing income tax default amounting to Rs. 5.7 billion.It has been learned from credible sources that the Enforcement Zone of Large Taxpay...

Cut-Off Yield on T-Bills Up by 80 BPS

The cut-off yields on Treasury Bills (T-Bills) were up by 60-80 basis points (bps) in the auction of the paper held on Wednesday.According to the data released by the State Bank of Pakistan (SBP), the government raised Rs. 645 billion