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Car Production In Pakistan Dips
Production of cars in Pakistan in the July to November period saw a decrease of 3.7%. During this period 50,527 cars were manufactured (last: 52,489 units). The production of Honda cars went up 73.8% from 5,885 units to 10,227, Suzuki’s declined by 6.2% from 759 units to 712 units and Toyota’s declined 34.5% from…
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FBR Collection From Exports
The Federal Board of Revenue (FBR) experienced a 2% increase in the collection of income tax from exports to touch Rs. 3.1 billion in the July – November period (last: Rs. 3 billion). This increase is due to the rise in exports in the same period. Paksitan exported goods worth $9.7 billion in the…
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SECP Annual Report
The SECP annual report for 2019-20 FY20 was released. It reported that 530 companies with paid-up capital of Rs. 1,391.477 billion were listed on Pakistan Stock Exchange (PSX) as on 30 June 2020. The KSE-100 Index was on 33,901.6 points at the start of FY20 and ended on 34,421.9 on 30 June 2020,…
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PSX Fund Outflow Decreases in FY20
Foreign investment in the Pakistan Stock Exchange (“PSX”) experienced a lower net outflow of 20% of $284.832 million during FY20 (FY19: $356.04 million).
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Pakistan Current Account Surplus
Pakistan’s current account has shown another surplus the 5th month with a surplus of $447 million in November 2020. In the period July – November FY21, the current account stands at $1.64 billion surplus versus a deficit of $1.75 billion during the same period last year. The strong balance of payment position is…
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Pakistan Gets Debt Relief
The Government of Pakistan had entered into negotiations with 21 creditor countries for debt suspension amounting to $1.7 billion. The G20 countries, together with the Paris Club creditors had announced a Debt Service Suspension Initiative (DSSI) to provide much-needed fiscal space to stressed countries in their fight against the COVID. According to an official…
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PM Warns India, Cautions World
Pakistan’s Prime made it clear to the international community that if India was reckless enough to conduct a false flag operation against Pakistan, it would get a befitting response. This reaction has come in the wake of information that India is planning yet another false flag operation to divert attention domestically and internationally from…
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Pakistan Iran Open New Border Crossing
Pakistan and Iran opened the Rimdan-Gabd border crossing point in a ceremony. Ministers from both countries were there for the ceremony. The Inauguration ceremony was attended by Pakistan’s Minister for Defense Production Zubaida Jalal and Iran’s Roads, Transport and Urban Development Minister Mohammed Eslami.
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Cement Dispatches In Pakistan Increase
Cement dispatches in Pakistan increased due to increased domestic consumption in construction projects and large public projects. During the period July-October 2020 cement growth was 23.5% touching 16.43 million tonnes (last: 13.303 million tonnes). The GOP’s package for the construction has restarted the sector. Additionally, several hydro power projects including Mohmand Dam, Suki Kinari,…
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Special Technology Zones Tax Incentives
The Federal Board of Revenue said that the GOP granted a comprehensive duty and tax incentives for 10 years to investors operating in special technology zones (STZs) in Pakistan. The incentives include immunity from explaining the source of funds to be invested. Exemptions are also available from declaring income and assets for 10 years. The…
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Pakistan Auto Sales Rise
Pakistan’s auto sales rose by 48% in November to 14,533 units (Last: 9,834 units). For July to November, the growth is 19% with 65,998 units sold.
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Pakistan Large Scale Manufacturing Growth Rises
Pakistan’s Large Scale Manufacturing Industries (LSMI) growth increased by 5.5% for July-October 2020 compared to the last period. Most of the major manufacturing sectors posted growth. The LSMI Quantum Index Number (QIM) was recorded at 136.08 points during July-October 2020-21 against 129.04 points during the same period of the preceding year.
