Category Archives: Market

Senate Committee Takes Notice of Issues Pertaining to Furnace Oil and LNG Imports

The Senate Standing Committee on Cabinet Secretariat, in its meeting, on Thursday, at Parliament Lodges, discussed in detail the impact of furnace oil import on oil refineries and recurrent LNG issues.It also took stringent notice of the issues related...

RCCI International Chambers Summit 2022 Stresses Promotion of Industries

The two-day International Chambers Summit 2022 ended on Wednesday with an emphasis on the need for industrialization and the creation of economic zones.The summit was organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) and the President...

FBR Begins Budget Preparation Exercises for FY23

Starting its budget preparation exercises for the fiscal year (2022-23), the Federal Board of Revenue (FBR) has sought customs-related proposals from all the Chambers of Commerce and Industry by March 31, 2022.In this regard, FBR has issued a letter to...

Govt Set to Pass Mini-Budget Tomorrow

The Pakistan Tehreek-e-Insaf (PTI)-led coalition government has finalized the preparations to get the Finance (Supplementary) Bill, 2021 passed from the National Assembly on Thursday.Talking to media, Advisor to Prime Minister on Parliamentary Affairs...

Pakistan’s Economic Fundamentals Remained Stable Despite COVID: Governor SBP

Pakistan’s economic fundamentals and overall performance remained stable during the COVID-19 pandemic, said Governor State Bank of Pakistan (SBP) Dr. Reza Baqir.Addressing ‘The Future Summit’ in Karachi, Dr. Reza Baqir reflected on how Pakistan’s econo...

PSW Introduces New Feature for Subscription of Companies with Foreign Members

Pakistan Single Window (PSW) has introduced a new feature to enable the subscription of companies having only foreign nationals as directors.The new functionality allows both local and foreign-owned companies that do not have a Pakistani national as “D...

EU GSP+ Review Mission to Visit Pakistan Next Month

An EU mission, the panel was informed, will visit Pakistan in February in connection with the extension of Good Governance and Sustainable Development (GSP Plus) status. It will monitor the situation of human rights, women rights, minority rights, labo...

FBR to Go through Third-party Security Audit Amid Looming Cyber Attacks

The government has decided to conduct a comprehensive third-party security audit of the Federal Board of Revenue (FBR) to determine any vulnerabilities in the system, as it is constantly subjected to cyber-attacks.Official documents of the bureau have ...

Rupee Posts Big Gains Against the US Dollar Following World Bank’s Projections

The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) for the second consecutive day in the interbank market today. It gained 40 paisas against the greenback after hitting an intra-day high of Rs. 175.87 against the latter during

Finance Ministry Concerned About Increase in Sugar Prices

National Price Monitoring Committee (NPMC) of the Ministry of Finance has expressed concerns about the marginal increase in sugar prices across various cities during a recent meeting. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, preside...