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 $11.524 billion during […]
Relaxation of Tax granted to IT Industries for 10 years – Amir Ahmad Hashmi
Amir Ahmad Hashmi head of Special Technology Zone Authority in a meeting of launch ceremony of Special Technology Zone Authority announced the relaxation of Tax to IT Industries for 10 years. Please follow and like us:
Forex Reserves inched up by 0.79% to USD 20,402.40Mn
As per the data released by the SBP, the Pakistan’s Forex Reserves increased by USD 160.60 Million or 0.79% and the total liquid foreign reserves held by the country stood at USD 20,402.40 Million on Dec 04, 2020. Please follow and like us:
Roshan Digital Account receives its highest ever single day remittance of US$ 7.7Mn
In a latest tweet from the State Bank of Pakistan, the inward Remittances from overseas Pakistanis into Roshan Digital Account rose to $7.7 million, the highest ever daily amount. To date, total inward remittances into Roshan Digital Account (RDA) have reached $139.4 million, with $81 million invested in Naya Pakistan Certificates. Please follow and like […]
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:
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 […]
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%. Please follow and like us:
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% […]