Topline Securities, a brokerage house in Pakistan, conducted a poll during the first week of December 2020, of over 50… Read More
FDI Dropped 17% in First 5 Months of FY2021
Foreign Direct Investment (FDI) to Pakistan dropped to $717.1 million in the first five months of the fiscal year 2020-2021,… Read More
Pakistan to Begin Construction of LNG Pipeline With Russia Next Year
Pakistan will start building a 1,100 kilometer (684 miles) pipeline in July with Russia, reported Bloomberg. This project will allow… Read More
Is IBM Involved in Fraudulent Payment Commitments in Pakistan?
IBM is not new to being sued for shortchanging its sales employees when it comes to handing out their commission.… Read More
Private Sector’s Credit Growth Slows Down Despite SBP Efforts
Private sector businesses with sufficient liquidity opted to reduce their debt burden, due to the economic contraction, in the past… Read More
FBR Uncovers Hidden Transactions Worth Rs. 220 Billion by Sugar Mills
Federal Board of Revenue’s (FBR) biggest revenue collection arm, Large Taxpayers Office (LTO) Karachi, has found that nine sugar mills… Read More
Inquiry Report Suggests Automated Gauging System to Defeat All Evils of Pakistan’s Oil Industry
The “Report of the inquiry commission on shortages of petroleum products in Pakistan” by the inquiry commission released yesterday (December… Read More
Pakistani Rupee Recovers Against GBP But Loses Against All Major Currencies
The streak of deterioration of the Pakistani Rupee against almost all major currencies on Monday continued on the second day… Read More
PMRC Establishes Rs. 15 Billion Fund to Support Low-Cost Housing Finance
Pakistan Mortgage Refinance Company (PMRC) has established a Rs. 15 billion fund to cover losses of financial institutions on low-cost… Read More
Large Scale Manufacturing Grew by 5.46 Percent in Four Months
The Large Scale Manufacturing during the first four months of the current fiscal year recorded a growth of 5.46 percent… Read More
Japan Extends Grant Worth Rs. 1.54 Billion for COVID-19 Assistance Program
The Government of Japan has extended grant assistance in the form of 1 billion Japanese Yen (PKR 1.54 billion) for… Read More
Inquiry Comission’s Incriminating Report Points Out Incompetent Officials in MoEPD
The inquiry commission’s report on the petroleum shortage in June 2020 has brought into light some damning revelations regarding the… Read More
