Federal Cabinet Approves Budget Strategy for 4.2% GDP Growth in FY22
The Federal Cabinet approved the Budget Strategy Paper (BSP) for the next fiscal year (FY22), in line with the directives of the International Monetary Fund (IMF) program.The new budget includes a significant focus on higher contributions from province…
Punjab Sugar Mills Association Seeks Higher Sugar Price from Federal Government
Sugar millers have voiced concerns over the ex-mill price of Rs. 80 per kg set by the Punjab government on Tuesday.This is in as opposed to Rs. 104 to Rs. 106 per kg of manufacturing cost estimated by them.Pakistan Sugar Mills Association (PSMA) Punjab…
Large Scale Manufacturing Industries Output Increased by 7.45% in 8 Months
The overall output of Large Scale Manufacturing Industries (LSMI) output increased by 7.45 percent during the first eight months (July-February) of 2020-21 as compared to July-February 2019-20, as most of the major manufacturing sectors had posted grow…
ECC to Consider Amending KAPCO’s Power Agreements Today
The Economic Coordination Committee (ECC) of the Cabinet, scheduled to be held on Wednesday (April 14) will consider a summary of the Power Division for the approval of the amendment to the Facilitation Agreement and Guarantee Agreement with the Kot Ad…
ECC Approves Monthly Production Plan for Cost-Effective Electricity Production
Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet today.Power Division presented a summary regarding waiver of minimum 66% Take-or-Pay …
NCCPL Amends Murabaha Share Financing System Regulations
While carrying the quest of continuous progression and meeting the requirements of capital market participants, the National Clearing Company of Pakistan Limited (NCCPL), with the consultation and guidance of the Securities and Exchange Commission of P…
Reducing Privileges for Pakistan’s Elite by Just 24% Can Double Benefits for the Poor
The total privileges enjoyed by Pakistan’s most powerful groups amounted to $17.4 billion in 2017–2018, equivalent to seven percent of the country’s GDP as it battles with inequality, according to a report released by UNDP on Pakistan’s National Human …
SECP Stops a Bank From False Share Trading
The Securities and Exchange Commission of Pakistan (SECP) has prohibited a bank in Sindh to avoid false trading in shares of different companies in the capital market and avoid such a pattern of trading in the “Ready Market” in the future.In this conne…