Adviser to PM on Finance and Revenue chaired a meeting of ECC

Adviser to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet, here today. A report on the wheat situation in the country was presented in the ECC

Govt’s Current Account Deficit Reduction in FY19 Was More Than the IMF Bailout Package

The current account deficit has recorded a massive reduction of $6.3 billion in the closing financial year 2018-19 mainly due to the gradual control over imports and an increase in the inflows of remittances throughout the year.According to the data

Foreign Direct Investment Dropped by 50% in FY19

Foreign investments in Pakistan failed to show an improved picture in Jul-Mar FY19. The Foreign Direct Investment (FDI) stood at US$1.737 billion in July-June (2018-19) compared to the investment of $3.47 billion recorded during the same period, a year...

State Bank raises policy rate to 13.25 % for next two months

State Bank of Pakistan has announced monetary policy for the next two months increasing policy rate by 100 bases points raising it from 12.25 to 13.25 percent.Announcing the policy in Karachi, Governor State Bank Dr. Reza Baqir said that the

Govt created conducive atmosphere for foreign investors: Azam Swati

Minister for Parliamentary Affairs, Muhammad Azam Khan Swati has assured that investment and business climate of Pakistan is conducive for foreign investors.This he stated during meeting with a delegation of Burgan Petroleum Kuwait in Islamabad.He said...

Pakistan’s GDP Growth Rate Remained at 3.3% in FY19: SBP

Pakistan's GDP grew by 3.3 percent in the closing financial year 201819 amid tough economic scenario and introduction of structural reforms in the economy.According to the State Bank of Pakistan's quarterly report The State of Pakistan's Economy, GDP g...

Export of plastic materials witness increase of 31% during 11 months

The exports of Plastic Materials from the country witnessed an increase of 31.34 percent during the first eleven months of fiscal year 201819.According to the latest data of Pakistan Bureau of Statistics, the Plastic Materials exports from the country ...

Adviser to PM on Finance and Revenue chaired a meeting of Executive Committee of the National Economic Council (ECNEC)

Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Sheikh presided over the meeting of the Executive Committee of the National Economic Council (ECNEC), here today. The meeting was attended by Federal Minister for planning Developme...