Category: Uncategorized

Pakistan’s Prime Minister Imran Khan launched the much awaited Small and Medium Enterprises (SMEs) policy. He warned of strict action against departments that create hurdles for the agriculture, industry or the services sectors and in the export process. He emphasized the importance of SMEs, these sectors and of exports and cited countries that had done…

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Foreign Direct Investment (FDI) into Pakistan for the first 6 months of FY22 increased by 20% to touch $1.06 billion (last: $880 million). The largest quantum of investments came in the:  power sector $364 million, Financial Business Sector $206 million and Communications Sector $147 million.  

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In what was termed a drone strike in the UAE, Yemen’s Houthi group reportedly claimed responsibility for the attack. In the attack, three fuel trucks exploded which caused fire and 3 deaths near the airport of Abu Dhabi, which is the capital of UAE. A Pakistani and two Indians were killed in the explosion. The…

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Remittances coming  into Pakistan for the half year FY22 increased by 11.3% to touch $15.8 billion (last: $14.1 billion).   Remittance predominantly came Saudi Arabia, United Arab Emirates, the United Kingdom and the United States of America. Ease in transfers through formal channels and policy measures have helped.    

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China said that it has offered Kazakhstan support in security. China said it is is willing to increase “law enforcement and security” cooperation with Kazakhstan and help oppose interference by “external forces”.   Wang Yi, China’s senior politician and former foreign minister said this to Kazakhstan’s foreign minister Mukhtar Tileuberdi, according to the Chinese foreign…

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More than a 150 people died in various incidents and more than 2000 people have been arrested in Kazakhstan’s Unrest. This has come about from the recent civil unrest that started early January 2022 due to pent up civil frustration, skyrocketing LPG prices and calls for more democratic processes.   Russia sent in troops on…

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Pakistan’s : Financial Advisor said that non filers of tax should become filers, pay taxes to avoid legal action. He said that the GoP would now approach non filers and non direct tax payers in the coming days, as the FBR has sufficient data.g   He launched the ‘National Sales Tax Return’ for all federal…

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According to EUROSTAT, EU’s statistical office, the inflation in EU touched 5% in December 2021, which is a the highest in more than 20 years. This steep rise in inflation in the year 2021 is attributed mostly to high energy costs.    

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Housing and construction financing in Pakistan by banks increased by 85% to Rs. 355 billion (last: Rs. 192 billion) in 2021 primarily due to sectoral support in the real estate sector and the markup subsidy scheme “Mera Pakistan Mera Ghar”.   One of the major reasons for the ability of the GOP to fulfill market…

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Pakistan’s National Security Committee met, presided by by the Prime Minister Imran Khan and attended by civil and military leadership. The NSC gave its approval to the National Security Policy.   The NSP focuses on economic security of the citizens of Pakistan as the core and incorporates non traditional security as a major portion of…

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Pakistani manufactured cell phone production reached 22 million in the January – November 2021 period. In the same period 9.95 million cells were imported.   For the period July – November FY22, Pakistan imported mobile phones worth $856.727 million (last: $724.083 million) – this represents an increase of 18.3%.  

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The UN Security Council unanimously adopted a US proposed resolution to help humanitarian aid reach desperate Afghans, while at the same time keeping funds out of Taliban hands.   This resolution is the first of its kind after the 15th August 2021 collapse of the Afghan Government in front of the Taliban. Their economy faced…

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