-
Oil Production In Pakistan
Oil Production in Pakistan for FY21 increased by 24% to 75,575 bpd. This rise is due to increased economic activity, which was lower last year due to COVID lockdowns.
-
Pakistan Exports For FY21 Cross $31 Billion
The Advisor on Commerce and Investment Razak Dawood said that Pakistan Exports For FY21 Crossed $31 Billion. This is a historic record as a result of policy reconfiguration. The Adviser said exports of goods for FY2021 amounted to $25.3 billion, which are the highest-ever exports of goods in the country’s history. Previously the highest exports…
-
Time to Threaten China is Gone: Chinese President
The Chinese President said, ” The Time to Threaten China is Gone”. He was speaking at the 100 year Anniversary of the setup of the Chinese Communist party. The Chinese President said that no one can threaten China and the Chinese people will never allow any foreign forces to bully, oppress or subjugate China.…
-
WB Approves $800 million for Power, HR
It was reported that the WB Approves $800 million for Power, HR in Pakistan. This is going to bolster the policy implementation and power sector problem resolution in Pakistan. These approvals are for the the Pakistan Program for Affordable and Clean Energy (PACE) and Second Securing Human Investments to Foster Transformation (SHIFT II). …
-
IMF SDR Allocation For Pakistan To Raise Financing to $2.8 Billion: Fitch
Fitch Ratings has said that IMF SDR Allocation for Pakistan has increased and it can allow Pakistan up to $2.8 billion drawings from IMF. This is expected to improve improve the external position and reduce downside risks to the Pakistan’s credit ratings. Fitch added, “All six frontier markets should benefit from the expected new allocation…
-
Roshan Digital Accounts Growth Cross $1.5 Billion
The GOP reported that Roshan Digital Accounts growth has accelerated and crossed $1.5 billion, with investment in investments in Naya Pakistan Certificates crossing $1 billion for the first time. The Roshan Digital Account’s growth is occurring due to its ease of operations. Roshan Digital Accounts are for overseas Pakistani’s who can now open bank…
-
Morgan Stanley Thinking of Putting Pakistan in MSCI-FM
Morgan Stanley Capital International (MSCI) is thinking of putting Pakistan in MSCI-FM (frontier markets) from emerging markets. The rationale of Morgan Stanley of thinking of Putting Pakistan in MSCI-FM is based on falling below thresholds of emerging markets. Now, Pakistan may be back in the Frontier Markets with a higher weight of 2.3% from…
-
FATF Keeps Pakistan on Grey List
It was reported that FATF kept Pakistan on grey list for one more year keeping in view that 26/27 of the FATF recommendations were achieved. Pakistan has, as part of its policy, aggressively built up the anti money laundering framework in Pakistan. This was announced at the FATF plenary meeting from June 21-25, in Paris.…
-
US To Lift Sanctions on Iran
It is reported that US is going to to lift sanctions on Iran to revive the 2015 Nuclear deal. These sanctions involve Iran’s insurance, oil and shipping lines, and are seen as a confidence building measure. May countries including Germany, however, are of the view that there are major issues that are still outstanding,…
-
Saudi Yemen Peace Agreement
It has come to light that there may be a Saudi Yemen peace agreement as per a new policy effort from both sides. In this expected Saudi Yemen peace agreement, reportedly, Houthis are focusing on steps to lift the blockade on Houthi-held ports and Sanaa airport. In return, there is the promise from the…
-
Pakistan Power Generation for July – May Increases 7%
Pakistan Power Generation for July – May Increased 7% to 115,862 GWh in FY21 with share of regasified liquified natural gas (RLNG) plants showing growth. The results of Pakistan’s Power Generation is part of the Government’s effort to increase production but of a particularly beneficial kind. Details are: – Hydro power share decreased…
-
Pakistan FDI Increases 63% in May
Pakistan FDI increased in May by 63% to $198.3 million. Major inflows came in the communications, trade and the power sectors. This increase, although not very heavy in amount, does signify an improvement of foreign investors’ confidence and view on Pakistan which itself is due to the economy picking up, better fiscal space for…
