PM holds talks with IMF chief to break deadlock over next aid tranche
He also sought relaxation in the demand to increase electricity prices to compensate for the deviation of around Rs 500 billion from the annual circular debt management plan Prime Minister Shehbaz Sharif has made a telephonic call to International Monetary Fund chief Kristalina Georgieva to break the deadlock over the release of the next tranche of assistance for cash-strapped Pakistan, according…
Adil Aziz
SECP to reform PMEX for creating linkage with rural economy: Akif Saeed
The Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed said regulatory and structural reforms will be introduced along with product development to link Pakistan Mercantile Exchange (PMEX) with the rural economy of Pakistan. The Chairman SECP, accompanied by senior officials, met the Board of Directors and senior management of Pakistan Mercantile Exchange (PMEX)…
Services’ trade deficit shrinks by 49.50 % as exports grow by 5.73%
The services trade deficit narrowed by 49.50 per cent as exports witnessed a growth of 5.73 per cent during the first five months of the current fiscal year as compared to the corresponding period of last year. According to PBS data, the exports from the country during July-November (2022-23) were recorded at $2,899.98 million against…
Chairman SECP for continuous engagement with market participants
SECP team visits PSX The Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed, during his visit to Karachi, met with the management and Board of Directors of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL) as well as the Executive Committee of Pakistan Stock Brokers Association (PSBA) representing brokerage industry….
Pakistan’s trade with UAE to surpass US$10.6 Billion in 2023: envoy
The bilateral trade between Pakistan and United Arab Emirates is expected to grow up to double from the US$10.6 billion volume achieved in 2021-2022, Pakistan’s top diplomat in the UAE said. The last calendar year recorded a US$10.6 billion in trade “the highest volume Pakistan had in the Middle East and North Africa (MENA) region,”…
NA body for curbing wheat, fertilizer smuggling for price stabilization
National Assembly Standing Committee on National Food Security and Research expressed its concerns over the smuggling of wheat and fertilizers and asked for taking appropriate measures to curb the menace for ensuring supply of the commodity on affordable price across the country. The Committee, which met here with Rao Muhammad Ajmal Khan, Member National Assembly…
MMBL scores two awards by HR Metrics at GDEIB Awards 2023
HR Metrics has recognized Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, for being a leader in Diversity, Equity, and Inclusion (DEI) in the following categories: Diversity and Inclusion (D&I) structure and implementation and work-life integration, flexibility, and benefits at the Global Diversity, Equity and Inclusion Benchmarks (GDEIB) Awards 2023. The achievement highlights the…
Investment under CPEC to reach $62 Billion by 2030: Report
The total planned investment under China Pakistan Economic Corridor (CPEC) is $62 billion between FY2015 and FY2030, out of which $27.4 billion projects have been realized, with energy sector (power generation, coal mining and transmission lines) representing 76 percent. It covers power generation projects, both fossil fuel and renewable, of about 11 GW. To date,…
Trade deficit narrows by 32.65% in 1st half of FY 23
The trade deficit witnessed a decline of 32.65 percent during the first half of the current fiscal year as compared to the corresponding period of last year. The trade deficit during July-December (2022-23) was recorded at $17.133 billion against the deficit of $25.438 billion in July-December (2021-22), a decline of 32.65 percent. The exports during…
Carrefour rewards customers with 150 free trolleys per day
Carrefour launches its ‘Win your Trolley’ initiative starting on 1 January Customers in-store can spin the wheel for a chance to get their shopping for free 2,700 free shopping trolleys will be checked out by Carrefour over 18 days Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has announced its exciting campaign, ‘Win…