Monthly Archives: December 2019

Govt May Issue Another Presidential Ordinance to Curb Money Laundering

The government is considering another presidential ordinance for introducing heavy penalties against 'cash couriers,' reported a local media outlet.The ordinance aims to stop money laundering/terror financing in a bid to comply with the Financial Actio...

Pakistan’s Economic Growth Will Reach 5.0% Per Year: WELT 2020

The latest edition of the World Economic League Table or the WELT 2020 has been released which is produced by international economic forecasters, the London-based Centre for Economics and Business Research (CEBR).WELT tracks the size of different econo...

Trade at Pak China Border Increased by 46.8% in 2019

The trade volume has surged this year at a major border port between China and Pakistan.Cargo import and export has reached 66,600 tonnes in the first 11 months of FY 2019 at Khunjerab Pass in northwest China's Xinjiang Uygur Autonomous

Knitwear Exports Grew 8.69% in The First Five Months of FY 2019-20

During the first five months (July-Nov 2019-20) of the current financial year, knitwear exports from the country grew 8.69% compared to exports in the corresponding period last year.According to data from the Pakistan Bureau of Statistics, approximatel...

Pakistan Stock Exchange remains bullish

The Pakistan Stock Exchange was bullish today.The KSE-100 Index closed today at 40887.63 points as compared to 40848.53 points on the last working day with a positive change of 39.10 points.The total turnover was 165,834,760 as compared to 267,578,470 ...

SECP Makes Amendments in Public Offering Regulations to Reduce IPO Costs

To attract new listings, improve capital formation and ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations 2017.The commission has issued certain amendments to the Public Offer...

Govt increases Ehsaas Kifalat Program stipend from 5,000 rupees to 5,500 rupees: Sania

The government has increased the quarterly cash grant for 4.3million beneficiaries of Ehsaas Kifalat Programme of BISP from 5,000 rupees to 5,500 rupees.This was announced by Special Assistant on Poverty Alleviation and Social Protection Dr. Sania Nish...

Punjab Seed Council approves 25 new seed varieties

Punjab Seed Council has approved 25 new seed varieties. According to spokesman of Punjab Agriculture department, Agriculture Minister Malik Nauman Langrial, during a meeting approved 25 varieties of cumulative seeds, including 9 olive and 1 bt cotton n...