Category: Uncategorized

Russia and Pakistan agreed to build the Pakistan Stream gas pipeline which is a 1,100-km project and which will carry 12.4 billion cubic meters of natural gas annually. This project was earlier known as the North South Gas Pipeline.   The Russian Energy Minister Nikolai Shulginov and Pakistan’s Ambassador to Russia (in Moscow) Shafqat Ali…

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The Monetary Policy Committee of the State Bank of Pakistan decided to keep the policy rate unchanged at 7%.   The MPC said that the broad based economic growth based on reforms was visible and was supported by targeted fiscal measures and aggressive monetary stimulus.   Quarterly Review Video.

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Pakistan‘s Government announced that the economy is on course to grow 3.94% in the current financial FY21, which ends in June 2021. This is double of the predictions of IMF and the World Bank.   This comes at a time when Pakistan is recovering from the COVID negative impact, with growth visible in the agricultural,…

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The Economic Coordination Committee (ECC) of the Cabinet of the GPO approved the earlier mentioned collateral-free lending scheme for SMEs. This scheme is worth Rs. 60 billion over a 3 year period.   SMEs have traditionally had a difficult time in getting financing due to their lack of collateral.   Corporate Advisory VIDEO.

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The State Bank of Pakistan is planning to provide (re)financing of Rs. 60 billion to Small and Medium Enterprises in three years, with a credit guarantee scheme for collateral-free lending. This was a major requirement for Pakistan’s 5 million SMEs, which could not get credit due to collateral issues. The SME sector contributes 40% to…

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Remittances coming into Pakistan for the July to April period of FY21 increased by 29% to touch $24.2 billion, which is a historic level. Remittance flows have already crossed the full FY20 level by more than $1 billion – in FY20 remittances were $23.3 billion.   April witnessed record remittances per month with $2.8 billion…

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Pakistan’s exports to China for the period July to April FY21 increased 31% to $1.9 billion (last: $1.5 billion).   The operationalization of the 2nd phase of the FTA is considered a major reason for the increase.   Corporate Advisory VIDEO.

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Passenger car sales in Pakistan increased by 48% to 126,579 units (last: 85,330 units) in the July-April period of FY21. Details are: 1,300 cc and above car sales increased 81% to touch 62,571 units (last: 34,528 units)   1,000 cc and above cars sales increased 42% to touch 23,734 units (last: 16,677 units).   Buses…

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Pakistan’s exports to the European Union (EU) for the July to April period of FY21 increased 17.4% to $7.5 billion (last: $6.37 billion).   In this period, the growing markets were Poland with 23%, Sweden 21%, Netherlands 21%, Germany 19%, France 14%, Belgium 12%, Italy 4% and Spain 2%.   Corporate Advisory VIDEO.

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Morgan Stanley Capital International (MSCI) said in its semi-annual review, it has increased Pakistan’s weightage to 0.023% (last: 0.016%). They also said that Pakistan’s weightage in the small cap index was revised upwards to 0.379%. These changes are expected to become effective from 28th May 2021.   MCB Bank, Habib Bank and Lucky Cement have…

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Pakistan’s exports for the period July – April FY21, to the US, increased 29% to $4.1 billion (last: $3.2 billion).   Corporate Advisory VIDEO.  

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Pakistan’s Banks disbursed Rs. 454.5 billion in loans to private businesses during July to April FY21 (last:  Rs. 318.4 billion), which is 43% higher than last year. This was in part due to the lowering of interest rates and a focus of the GOP towards private sector finance. Conventional banking disbursed Rs. 215.4 billion loans…

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