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 […]

Economy

ECC approved the removal of Regulatory duty on Cotton Yarn, awaits Cabinet Ratification

The ECC today approved removal of Regulatory Duty on Cotton Yarn. This will facilitate the exports of apparel sector. This is in line with our policy of getting more value added exports. The ECC decision will now go to the Cabinet for ratification, after which it will be notified Please follow and like us:

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 […]