Category Archives: Market

Pakistan Makes Huge Leaps in International Tax & Inequality Reduction Rankings

Pakistan has moved nine places up to 71st position in the tax ranking of the Oxfam and Development Finance Institution (DFI) report, 2020. According to the report, the country’s overall ranking on Commitment to Reducing the Inequality Index (CRII) improved

Working groups will be formed to increase exports of gemstones: Gul Asghar

Chairman of Prime Minister’s task force on Gems and Jewelry, Engineer Gul Asghar Khan Baghoor has said working groups will be formed to increase exports of precious gemstones. Addressing a weekly meeting of the task force in Islamabad on Friday,

Pakistan welcomes French investment, technology and expertise in agriculture field: Fakhar

Minister for National Food Security and Research Syed Fakhar Imam says Pakistan has huge potential in the field of agriculture and agri-products and the country welcomes French investment, technology and expertise, in a mutually beneficial way. He said this in

Govt focusing to increase trade volume with other countries: FM

Foreign Minister Shah Mahmood Qureshi says the government is focusing on increasing export and trade volume with other countries for strengthening our economy. Addressing the second high level meeting regarding economic diplomacy at Foreign Office in Islamabad today (Thursday), he

World Bank Cuts Pakistan’s GDP Growth Rate for FY21 to Just 0.5%

External financing could be compounded by difficulties, for Pakistan, in rolling-over bilateral debt from non-traditional donors and tighter international financing conditions, given the “anemic” economic outlook of Pakistan, with a growth rate of just 0.5% in the current fiscal year,

PSX Sets 60 Minutes for Index-Based Market Halt

The Pakistan Stock Exchange (PSX) has set 60 minutes for Index-Based Market Halt. Accordingly, the Index-Based Market Halt shall be applicable in the last 75 minutes prior to the close of the market. KSE-30 Index continues to trade 5%, above

KP govt procured 500,000 metric ton wheat from PASSCO: Kamran Bangash

Khyber Pakhtunkhwa government has procured five hundred thousand metric ton wheat from PASSCO, out of which two hundred thousand metric tons has already been transported to the province. Briefing newsmen in Peshawar today (Wednesday), the Special Assistant to Chief Minister

SECP is Taking Several Measures to Encourage Investment in Exchange Traded Funds

SECP is determined to create a more competitive and efficient playing field for exchange-traded funds (ETFs) by addressing tax disparities, achieving tax credit, and allowing investments in ETF through Special Convertible Rupee Accounts (SCRA). SECP Chairman Aamir Khan said this

Trade Deficit Increases Due to Higher Imports in September 2020

Pakistan’s trade deficit went up by 19.5% to $2.39 billion during September 2020 as compared to $2 billion in the same period in 2019. The uptick in the trade deficit was seen due to a 13.2% year on year increase

Pakistan’s Longest Serving Finance Secretary Dr. Waqar Masood Appointed SAPM on Revenue

Prime Minister Imran Khan on Monday appointed eminent economist and former finance secretary Dr Waqar Masood as his special assistant on revenue. Now, as SAPM, he has been given the status of Minister of State, the PM Office said. Dr.