Category: Uncategorized

Pakistan returned $1 Billion to Saudia Arabia, which had been lent out earlier.   Pakistan’s Foreign Minister Shah Mahmood Qureshi confirmed that Pakistan returned $1 billion out of the remaining $2 billion, attributing it to the “financial constraints” of the kingdom due to the recent decline in oil prices in the international market. He dispelled…

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The State Bank of Pakistan said that the Roshan Digital Accounts received the highest inward flow till date.   SBP said, “Inward remittances from overseas Pakistanis into Roshan digital account (RDA) touched another daily high with inflows of $11.2 million on 11 December. To this date, total inward remittances into RDA touched $154.6 million.  …

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The State Bank of Pakistan (SBP) said that the newly-launched Naya Pakistan saving certificates attracted approximately $89 million from overseas Pakistanis in a month, indicating a growing tendency of expatriates to avail attractive rates of return.  

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Pakistan said that it will raise India’s disinformation campaign against Pakistan at all forums, globally. This comes as the EU Disinfo Labs released a report in which it has investigated Indian dis information and manipulation acts against Pakistan. India has undeniably created and sponsored a vast international network of mostly fake channels and forums, which…

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The Asian Development Bank (ADB) reported that Pakistan’s economy is recovering, particularly in manufacturing and construction, supported by GOP initiatives.

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The World Bank approved a $300 million facility for two projects in Pakistan including the Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project (SWEEP).   The World Bank said, “These investments would bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in Sindh, and strengthen solid waste…

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EU Disinfo Labs released 2 reports about the disinformation campaigns done by India. One report is about maligning Pakistan and the other is about their abuse of the UN HR Council.   Fake websites, NGOs, identities of deceased people and every dark element has been used in this process, which has been captured in these…

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Income tax returns in Pakistan as of 8th December 2020 (the last date for filing) increased 4% to 1.8 million (last: 1.73 million). Tax collected increased 63% to Rs. 22 billion (last: 13.5 billion) over last year.   This is the highest ever for income tax returns, mostly owing to improved compliance and an upgraded…

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The Roshan Digital Accounts received the largest inflow of $7 million in a single day.   To date, the total inward remittances into Roshan Digital Accounts reached $139.4 million, with $81 million invested in Naya Pakistan Certificates

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Japan’s government approved a $700+ billion in fresh stimulus package. It includes funding of projects related to anti-coronavirus measures to green tech. This is Japan’s third such package in this financial year. Japan´s latest package, worth 73.6 trillion yen ($708 billion), includes loan schemes and actual government spending of around 40 trillion yen. It is…

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Indian farmers threatened to shut the whole of India if their demands are not met.   Indian farmers are protesting against new laws liberalizing and deregulating agricultural markets spread across India. Farm organizations called for a nationwide strike after inconclusive talks with the government. Railway tracks and highways are being blocked across India, after 10…

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The Federal Board of Revenue (FBR) is planning to launch the Track and Trace System by 30th June 2021, for the electronic monitoring of tobacco, cement, sugar and fertilizer. The FBR a held pre-bidding conference for the grant of a five year license for an IT-based solution for this system. The conference was attended by…

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