Category: Uncategorized

Chairman, National Electric Power Regulatory Authority (Nepra), Tauseef H. Farooqi, said that the energy sector’s circular debt has touched the Rs. 2.3 trillion mark. He was commenting on power sector’s issues at a meeting of Sub-Committee of National Assembly Standing Committee on Power.

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Banking in Pakistan through digital channels posted strong growth during July to September 2020 in COVID. This was reported in the State Bank of Pakistan (SBP) Quarterly Payment System Review (QPSR).   According to the review, the number of registered Mobile Phone Banking users reached 8.9 million, up 41% over Q1-FY20. The number of internet…

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The Economic Coordination Committee (ECC) of the Pakistan Cabinet abolished ‘peak hours’ electricity rates for industries by according approval, in principle, to the proposed amendment in the SROs for both the DISCOs and K-Electric to charge ‘off peak’ hour rates from Nov-June 2021.

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Fitch gave out projections for Pakistan’s growth rate. They said that the real GDP growth forecast for Pakistan for fiscal year 2020-21, even after factoring in base effects, stands at a 0.8%, and could see further downsides, as the recent second wave of the COVID infections derails hopes for recoveries in private consumption and investment…

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Pakistan’s exports posted shy of 2% growth during the first five months (July-November) of FY21 to touch $9.73 billion (last: $ 9.55 billion).   The Prime Minister’s Advisor on Commerce and Investment, Abdul Razak Dawood said, “We have just received provisional figures for export of goods. I wish to congratulate our exporters that in these…

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The Federal Board of Revenue (FBR) said that it paid refunds of Rs. 80 billion during the period of July-November FY21 (last: Rs. 41 billion).   Despite increase in refunds, FBR has still managed to cross the revenue collection of November last year. FBR collected Rs. 1.69 trillion in this period (last: Rs. 1.62 trillion),…

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Pakistan Stock Market P/E as of end November 2020 was 13.1.   For more details comment at Contact.  

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Pakistan and China have signed an MoU regarding Defense Cooperation. It is meant to for enhancement of defense cooperation between the armies of Pakistan and China. Pakistan’s Chief of Army Staff (COAS) General Qamar Bajwa held a meeting with General Wei Fenghe, China’s Minister of National Defence at the GHQ. He said Pakistan and China…

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In Pakistan, thousands of volunteers have gone to research hospitals to join the final-stage clinical trials of a Chinese-made COVID vaccine. It is the first time Pakistan has participated in such a trial, which comes amid a string of positive vaccine announcements by Western pharmaceutical companies this month. The vaccine is being developed by CanSinoBio…

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Pakistan’s Ambassador to the United Nations, Munir Akram gave to UN Secretary-General Antonio Guterres a dossier on India’s campaign to promote terrorism and subversion in Pakistan, and urged him to prevail on New Delhi to “desist from these illegal and aggressive activities.” Afterwards, Ambassador He asked the UN chief to take note of India’s violations…

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Pakistan’s Prime Minister said that after facing various economic challenges, Pakistan’s economy was now stable and moving in the right direction and getting stronger with the passage of time.   Addressing the Pakistan Strategy Dialogue under the auspices of the World Economic Forum (WEF), the PM said Pakistan is concerned about the increase in COVID…

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The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) maintained the policy rate at 7%, as risks to the outlook for economic growth and inflation appear balanced.   In reaching its decision, the MPC considered key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and…

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