Category: Uncategorized

The UN appealed for $600 million in aid for Afghanistan, which was successfully achieved. This aid is for humanitarian reasons, with the harsh winter approaching, food stocks dwindling and medicines running out.   The UN had held a ministerial meeting in Geneva in September, asking international donors for immediate support. Once the funds were received,…

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FBR‘s Sugar Track & Trace System was launched, whose purpose is to keep a clear view of the stock of sugar in Pakistan. The Prime Minister said, while launching the project, there is a need to increase tax collection to build up financial capacity, to deal with the debt burden, and to allow the government…

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Pakistan said that it is going to provide Rs. 5 billion relief goods and humanitarian assistance to Afghanistan. This came in light of the recent shortages in Afghanistan that have come about due to the freezing of Afghan funds by the US government. The relief includes edibles, 50,000 MT of wheat, emergency medical supplies, winter…

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Pakistan’s IT exports for July – October FY22 rose by 39% to touch $830 million (last: $596 million). This is part of the GOP’s efforts to ease IT and IT Enabled Services, which is resulting in a rise in exports.  

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The SBP raised the Policy Rate to 8.75%, raising it 1.5% in a sudden and unexpected move. The Monetary Policy Committee (MPC) the SBP announced increase to mitigate the risks related to inflation and external account.   TANGENT is the view that this increase in the policy rate is completely unnecessary – the inflation caused…

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The US & Chinese Presidents discussed, electronically, matters important to both countries various regions. The meeting lasted for more than 3 hours. The US pressed for human rights, while China warned against interference in Taiwan.   Both sides are trying to keep tensions from rising and to avoid confrontation, while maintaining their positions. They also…

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Pakistan textile exports for the period July – October FY 22 were up 27% to $6.2 billion (last: $4.8 billion).    

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Remittances coming into Pakistan for the 4 months of FY22 at $10.6 billion (last: $9.4 billion). This represents a growth of 12% over the same period in FY21. The SBP said that the policy initiatives of the GOP to bring ease of remittances through the formal channels has been effective. At this rate it is…

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The Taliban said that there is no anti Pakistan group working in Afghanistan. The acting Foreign Minister of the interim Afghan government Amir Khan Muttaqi said this while addressing the Center for Afghanistan, Middle East and Africa (CAMEA) at the Institute of Strategic Studies, Islamabad (ISSI). He also said that the Taliban hope for positive…

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Pakistan’s Strategic Trade Policy Framework (“STPF”) 2020-25 was approved by the Federal Cabinet, the objective of which is to enhance the efficiency, distribution and penetration of Pakistani enterprises, in comparison to their competitors.   Pakistan’s Ministry of Commerce has identified priority sectors (viz textile and apparel, leather, surgical instruments, sports goods, carpets, rice and cutlery)…

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Pakistan’s Parliament was briefed on the talks with Tehreek e Taliban Pakistan. The top military and intelligence officials clarified to the parliamentarians that peace talks were being held only with the splinter groups of the banned Tehreek e Taliban Pakistan (“TTP”), who are ready to lay down their arms and accept the constitution of Pakistan.…

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OPEC+ agreed to a gradual production increase, but did not agree on a sharp increase. Currently they agreed to raise oil output by 400,000 barrels per day (bpd) from December, but not more. The US had pressed for a sharper rise in production. The OPEC basket price was at $81.6 / barrel, which was $66.08…

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