Category: Uncategorized

Pakistan’s IT exports for the 7 months period of July to January FY21 increased by 38% to $1.1 billion. Some of the main reasons was the gradual improvement in structure available to market players and the work from home economy. The Adviser to Prime Minister on Commerce and Investment  said “These exports now constitute a…

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The Financial Action Task Force (FATF) kept Pakistan on its ‘grey list’, giving it four more months – June 20, 2021 – to complete its full action plan. Currently Pakistan has completed 24 of the 27 requirements.   The FATF President Dr. Marcus Pleyer said that Pakistan had made progress across all action plan items…

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Pakistan and Sri Lanka decided to expand the FTA scope. The objective is to enhance trade and relations.

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The Inter-Services Public Relations (ISPR) said that Pakistan and India agreed to strictly observe and implement the previous agreement on ceasefire along the Line of Control (LoC).   This current agreement took place as the Director General of Military Operations (DGMOs) of Pakistan and India spoke about the established hotline contact.

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At the invitation of Prime Minister of Democratic Socialist Republic of Sri Lanka Mahinda Rajapaksa, the Prime Minister of Pakistan Imran Khan started a two-day official visit to Sri Lanka. The dates of the visit are 23-24 February 2021.   PM Imran Khan was accompanied by Federal Ministers and senior government officials. This was the…

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Foreign Direct Investment (FDI) into Pakistan for the period July to January FY21 dipped by 27%, amounting to $ 1.145 billion (last: $ 1.577 billion).   FDI inflows stood at $1.79 billion against outflow of $ 647.2 million. Despite the improved performance of Pakistan’s equity market, foreign investors were gradually withdrawing their investments from the…

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Pakistan’s Ministry of Finance presented the Debt Policy Statement January 2021, to the National Assembly, saying that the total debt in September 2020 stood at Rs. 36.95 trillion with domestic debt of Rs. 23.702 trillion and external debt Rs 13.247 trillion.   The statement said:   – external debt increased to US$ 79.91 billion in…

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The Governor State Bank of Pakistan (SBP) Dr. Reza Baqir highlighted how the Roshan Digital Account (RDA) and Naya Pakistan Certificates (NPCs) are helping Pakistan in i) attracting investment by non-resident Pakistanis (NRPs) ii) become a more consistent, reliable and long-term source of foreign exchange flows in the country and iii) help inflows get mobilized…

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The Federal Board of Revenue (FBR) crossed its tax revenue target of Rs. 2.55 trillion for July-January (2020-21) by collecting Rs. 2.57 trillion. This target has been achieved despite the issuance of 80% more tax refunds in comparison with same period last FY viz. Rs. 129 billion vs Rs. 69 billion. This has helped the…

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Pakistan’s Large Scale Manufacturing Industries increased by 8.2% in the first half (July-December) of 2020-21 compared to July-December 2019-20, with across the board growth in the major manufacturing sectors.   The LSMI Quantum Index Number (QIM) was at 143.30 points during July-December 2020-21 (last: 132.49 points).

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Deposits of the Pakistan banking industry in January 2021 increased by 16%, to Rs. 17.1 trillion (last: Rs. 14.7 trillion).   Deposits were broadly parked in investments, which grew by 37%. The Investment to Deposit ratio increased to 67 percent, reflected by the 46% increase in GOP borrowings from scheduled banks.   Gross advances of…

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Pakistan’s exports increased 8.1% to touch $2.13 billion in January 2021 (last: $1.97 billion), while imports increased by 14.9%  to touch $4.7 billion in January 2021 (last: $4.1 billion). On a yearly basis, Pakistan’s trade deficit widened by 21.% to $2.6 billion in January 2021 (last: $2.149 billion).   Pakistan’s trade deficit for the July…

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