OGRA imposes Rs. 15 Mn fine on OMC’s for artificial fuel shortage

Oil and Gas Regulatory Authority (OGRA) on Monday fined Rs. 15 million to the three Oil Marketing Companies (OMCs) for causing a fake fuel...

National Savings achieves target of Rs 375 Bn by June 25

The Central Directorate of National Savings (CDNS) has accomplished an assortment net objective of Rs 375 billion in the current fiscal year by June...

Pakistan to remain on FATF grey list till October

Financial Action Task Force (FATF) conducted a virtual plenary meeting on June 24, 2020. According to the Foreign Office, Pakistan's case was not made...

ECC gives a Go-ahead to Two Major Power Projects

The Economic Coordination Committee of the cabinet chaired by Dr. Abdul Hafeez Shaikh met on Thursday to discuss projects related to the Power sector...

MPC: SBP slashed the policy rate by 100 BPS to 7%

The Monetary Policy Committee held a meeting on 25th June, 2020, in which the committee has decided to reduce the existing Policy rate by...

Pakistan’s Current Account Deficit reported surplus of $13 Mn

Pakistan's Current Account Deficit (CAD) during the period of May 2020 has indicated a surplus of $13 Mn, contrasted with a decline of $530...

Fertilizer Review: Urea production declined by 60% YoY basis in Punjab

The general urea offtake during the month of May, 2020 was around 240,000 tons, demonstrating a decline of 59.6% over that period of earlier...

Fertilizer Review: DAP sales declined by 71% in May 2020

The overall DAP offtake during the long stretch of May, 2020 was about 61,000 tons, indicating a drop of 71.4% over May 2019.  DAP offtake...

Pakistan likely to downgrade in MSCI Annual Classification Review

The MSCI 2020 Annual Market Classification Review will be made available soon after 10:30 pm Central European Summer Time (CEST), i.e. 1:30 AM Pakistan...

Fertilizer Industry: Urea prices likely to increase by Rs. 200

The Fertilizer industry has hinted an increase in urea prices by Rs. 200 per bag, if gas companies are allowed the requested raise in...
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