Category Archives: Market

Japan extends grant assistance worth 318 mln JPY to Pakistan

Japan has extended grant assistance worth 318 million Japanese Yen to Pakistan for The Project for Human Resource Development Scholarship for fiscal year 2020. The Exchange of Notes and Record of Discussions for the grant were signed by Secretary Economic

FPCCI welcomes GoPb advice to federal govt to reopen restaurants, marriage halls

The Federation of Pakistan Chambers of Commerce and Industry has welcomed the Punjab government advice to the federal government to reopen restaurants, marriage halls, cinemas and other sectors. In a statement issued in Islamabad today, FPCCI President Mian Anjum Nisar,

Traders to stand with Kashmiri brethren till freedom: FCCI President

Faisalabad Chamber of Commerce & Industry (FCCI) president Rana Sikandar Azam Khan said that traders and businessmen will stand with the Kashmiri brethren till their freedom. Addressing a seminar to mark the Youm-e-Istehsal Kashmir, he said that Kashmiris had been

PSX remains bullish

The Pakistan Stock Exchange was bullish on Thursday. The KSE-100 Index closed at 40166.12 points as compared to 39882.78  points on the last working day with a positive change of 283.34 points. The total turnover was 826, 808,981 as compared

Pakistan’s Shift to Euro 5 Fuel Will Support Asian Markets

According to S&P Global, Pakistan’s eagerness to adopt cleaner motor fuels by 2021 is likely to extend support to the Asian gasoline and gas oil market in the medium-term. In June, Pakistan had imposed a ban, which came into effect on

ADB’s COVID-19 response reaches $9.3 billion to end July 2020

The Asian Development Bank (ADB) committed US $9.3 billion in financial resources in the last six months since early February when ADB started its initial response to support its developing member countries and the private sector to address the impact

FBR Issues Sales Tax Exemption on Import of Oxygen Gas, Cylinders & Cryogenic Tanks

The Federal Board of Revenue (FBR) has exempted sales tax on the import of oxygen gas, cylinders, and cryogenic tanks for medical purposes, for a period of three months. According to the SRO 649(l)/2020 issued by the FBR on August

Pakistan Can See a Drop of 26.8% in Remittances in The Worst Case Scenario: ADB

Pakistan could see a decline of 26.8 percent from baseline remittances under the worst-case scenario, says the Asian Development Bank (ADB). In its latest report, “COVID-19 Impact on International Migration, Remittances, and Recipient Households in Developing Asia”, ADB stated that