Technology & Business

Economy

Monetary Policy: SBP maintained the Policy rate at 7%

The Monetary Policy Committee (MPC) decided to maintain thepolicy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21, and business sentiment has improved further. Nevertheless, there are risks to the […]

World News

PSX Stock Market

MCB Bank has informed that the sale of its wholly owned subsidiary MCB Financial Services Ltd (MCBFSL) has now completed

In a notification to PSX, MCB Bank Limited , has informed that the sale of its wholly owned subsidiary MCB Financial Services Limited (“MCBFSL”), through Share Purchase Agreement has now completed in accordance with necessary approvals, including the approval granted by the Securities and Exchange Commission of Pakistan (SECP). Following this transaction, MCBFSL is no […]

FBR selected TPL Trakker to avail its real-time video monitoring system

Avanceon Secures its Biggest Oil and Gas Contract to date in United Arab Emirates

PSX

PAKOXY approved an investment plan of Rs. 6.3Bn to setup an efficient Air Separation Unit

The Board of Directors of the Company in its meeting held on November 20, 2020 has approved an investment plan of about Rs. 6.3 billion to setup the latest and the most energy efficient Air Separation Unit (the “Plant”) in its class. The new state-of-the-art Plant will be sourced from Linde GmbH, Linde Engineering Pullach […]

Avanceon FZE, wins Contract to Upgrade Critical Infrastructure for the Saudi Ministry of Environment

Avanceon has incorporated a subsidiary in Qatar Avanceon QFZ LLC

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Monetary Policy: SBP maintained the Policy rate at 7%

The Monetary Policy Committee (MPC) decided to maintain thepolicy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21, and business sentiment has improved further. Nevertheless, there are risks to the outlook. The recent rise in Covid cases in Pakistan and many other countries presents considerable downside risks. On the upside, while it could take some time to fully implement worldwide, there has been recent encouraging news on vaccine development. On the inflation front, recent out-turns

MCB Bank has informed that the sale of its wholly owned subsidiary MCB Financial Services Ltd (MCBFSL) has now completed

In a notification to PSX, MCB Bank Limited , has informed that the sale of its wholly owned subsidiary MCB Financial Services Limited (“MCBFSL”), through Share Purchase Agreement has now completed in accordance with necessary approvals, including the approval granted by the Securities and Exchange Commission of Pakistan (SECP). Following this transaction, MCBFSL is no longer a subsidiary of MCB, and is fully owned by ISE REIT and lnfotech.  

FBR selected TPL Trakker to avail its real-time video monitoring system

We are pleased to announce that the Federal Board of Revenue (“FBR”), after a rigorous qualification process, vide its approval letter dated November 23, 2020 has selected TPL Trakker Limited (the “TPLT”), as one of the approved vendors till December 30, 2023 to avail video monitoring system (“System”) as required under the newly implemented Video Analytics Rules 2020. This System has been introduced to monitor the production of specified goods through high technology video cameras which will be installed on the production lines of the manufacturing industry enabling FBR to receive real-time video analytics data of production from the manufacturing sites

Avanceon Secures its Biggest Oil and Gas Contract to date in United Arab Emirates

Avanceon FZE, a subsidiary of Avanceon Limited, has secured a multimillion-dollar long term purchase contract from a major oil company in the middle east. As per the contract, Avanceon shall supply Hydraulic & PLC control panels on a call off basis as and when requested by the client. This contract execution gives a pathway for positive impact on group’s business and value for its shareholders.

Avanceon FZE, wins Contract to Upgrade Critical Infrastructure for the Saudi Ministry of Environment

Avanceon FZE, a subsidiary of Avanceon Limited in Dubai, has been contracted to provide a comprehensive solution for the Sewage Treatment Plant in the city of Al Ras. Avanceon will be responsible for the Supply, Installation, Testing and Commissioning of the SCADA systems & PLC with HMI for the Sewage Treatment Plant. This contract execution gives a pathway for positive impact on group’sbusiness and value for its shareholders.

Forex reserves increased by 0.9% to USD 178.70Mn

As per the data published by the State Bank of Pakistan (SBP), Pakistan's total liquid foreign reserves held by the country stood at USD 20,085.60 Million on Nov 13, 2020. The Forex Reserves increased by USD 178.70 Million or 0.9%.

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Economy

Monetary Policy: SBP maintained the Policy rate at 7%

The Monetary Policy Committee (MPC) decided to maintain thepolicy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21, and business sentiment has improved further. Nevertheless, there are risks to the […]

Economy

Forex reserves increased by 0.9% to USD 178.70Mn

As per the data published by the State Bank of Pakistan (SBP), Pakistan’s total liquid foreign reserves held by the country stood at USD 20,085.60 Million on Nov 13, 2020. The Forex Reserves increased by USD 178.70 Million or 0.9%.

Economy

Central Govt’s Debt mounted to Rs. 35.68Trn during September

As per the data released by the State Bank of Pakistan (SBP) Debt of Central Government during the month of September 2020 was recorded at Rs.35.68Trn, surged by 7.34% YoY basis. Whereas, on a monthly basis, the debt figure remained stable. Out of the total debt, 66% debt was from domestic sources while remaining 34% […]

Economy

Southeast inflation and money

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Economy

Economica report 2018 by Lara

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Atqui eorum nihil est eius generis, ut sit in fine atque extrerno bonorum. Non autem hoc: igitur ne illud quidem. Atque haec coniunctio confusioque virtutum tamen a philosophis ratione quadam distinguitur. Utilitatis causa amicitia est quaesita. Sed emolumenta communia esse dicuntur, recte autem facta et peccata non […]

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