POL import bill surges 95% to $17 Billion in 10 months
The imports of overall petroleum group witnessed an increase of 95.84 percent during the first ten months of the current fiscal year (2021-22) as compared to the corresponding period of the last year. During the period under review, the total imports of the petroleum group stood at $17.033 billion, as against the imports of $8.697…
Adil Aziz
CDNS collect Rs 980 Billion fresh bonds by May 15
The Central Directorate of National Savings (CDNS) on Monday realized the target of issuing Rs980 billion fresh bonds in the last 10 months of current fiscal year 2021-22 from July 1st to May 15th. The CDNS had set an annual gross receipt target of Rs 980 billion from July 1 to June 30 of the…
Governor SBP assumes the Charge of Chairman ACU Board in its 50th meeting
Dr. Murtaza Syed, Governor (Acting) State Bank of Pakistan (SBP) assumed the charge of Chairman of the Board of Directors of the Asian Clearing Union (ACU) in the 50th meeting of the ACU Board held in Islamabad on May 13, 2022 in both physical and virtual modes. Established in 1974 with permanent headquarters in Iran,…
SECP registers 2,345 new companies in April
The Securities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7% as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly incorporated…
Capital’s air quality healthy amid slight increase in pollutants ratio
The air quality of the federal capital on Friday was recorded healthy whereas a slight uptick was witnessed in the air pollutants ratio that remained below permissible limits due to less vehicular traffic on roads after scorching heat reduced masses to limited outdoor visits. The air quality data has been collected by Pakistan Environmental Protection…
realme Pakistan Embarks on a Strategic Partnership with Advance Telecom
realme levels up its distribution network by partnering with one of Pakistan’s top mobile phone distributors to increase their footprint across the country realme is always on the lookout for avenues to increase product availability in the market. To this end, realme has recently joined forces with Advance Telecom to increase their footprint in the…
Large industry grows 7% in 3 quarters, 26.9% in March 2022
The LSMI Quantum Index Number (QIM) was recorded at 161.2 points during July-March (2021-22) against 150.7 points during July-March (2020-21), showing growth of 7 percent, according to latest PBS data. On year-on-year basis (YoY), the industry rose by 26.9 percent during the month of March 2022 compared to the growth of March 2021, according to…
14 Chinese investors to visit Gwadar to assess investment potential next week
As many as 14 Chinese investors are coming to Gwadar to assess the investment potential of Gwadar and Balochistan next week, said Chairman of China Overseas Ports Holding Company (COPHC) Zhang Baozhong. “In addition to Chinese, last year we received more than 17 ambassadors from the US, Canada, and countries from the European Union,” he…
SECP proposes changes to bring transparency in capital formation
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and mechanics through which companies can raise capital, has been placed on SECP’s website for…
Workers’ Remittances in April 2022
With US $3.1 billion inflows during April 2022, workers’ remittances crossed $3 billion for the first time ever. • In terms of growth, during April 2022, remittances increased by 11.2 percent on m/m basis and 11.9 percent on y/y basis. • Cumulatively, at $ 26.1 billion, remittances grew by 7.6 percent during 10 months of…