Economy

CPI Inflation increased by 10.9% on YoY in May 2021

CPI Inflation Rate (New Base 2015-16) increased by 10.9% on year-on-year basis in May 2021 as compared to an increase of 11.1% in the previous month and 8.2% in May 2020. On month-on-month basis, it increased by 0.1% in May 2021 as compared to an increase of 1.0% in the previous month and a increase […]

Economy

MPS: SBP maintained the Policy rate at 7%

At its meeting on 28th May 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last meeting in March, the MPC was encouraged by the further upward revision in the FY21 growth forecast to 3.94 percent. The MPC noted that this confirms the strength of the broad-based […]

Economy

Pakistan posts Current Accout Deficit of USD200Mn in April 2021: SBP

Pakistan reports Current Account Deficit of $200mn for the month of April 2021 as compared to a deficit of US$510mn in April 2020, 61% lower than in Apr20. Through the first 10mths of FY1, CAB remains in surplus of $800mn, a significant turnaround from the $4.7bn deficit during the same period last year. The SBP […]

Economy Stock Market

ECC approves the removal of dividend distribution cap on MPCL

The Economic Coordination Committee (ECC) was presided over by Minister for Finance and Revenue Dr Abdul Hafeez Shaikh on Wednesday received a summary from the Petroleum Division for removal of dividend distribution cap on Mari Gas Company Limited (MPCL) under Gas Pricing Agreement as the company is being considered for privatisation. The ECC of the […]

Economy

MPC: Policy rate remains stable at 7%

The Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in November, the domestic recovery has gained some further traction. Most economic activity data and indicators of consumer and business sentiment have shown continued improvement. As a result, there are upside risks to […]

Economy

PIA 777 impounded in kualumpur for not paying Lease amount

PIA Boeing 777 registration APBMH operating flight islamabad Kuala Lumpur Islamabad is impounded by the Malaysian Authorities in Kuala Lumpur by orders of the court which was approached by the lessor of the aircraft. The leasing company has not been paid the lease amount hence they approached the courts there. PIA managment has not paid […]

Economy

Pakistan’s Exports increased 18% YoY & imports surged 25% during December, 2020

Pakistan Bureau of Statistics (PBS) revealed the exports from the country increased by 4.98 percent during the first half (H1) of the current fiscal year (2020-21) as compared to the corresponding period of last year. The exports from the country during July-December (2020-21) were recorded at $12.098 billion against the exports of $11.524 billion during […]