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02/09/2024

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27/12/2012

Economic Indicators
GDP Growth FY12E = $3.60%
Per Capita Income FY11 = $1,254
Forex Reserves (14-Dec-12) = $13.21 bn
Inflation CPI % (Jul-12-Nov-12) = $8.39%
Exports (July-12 - Nov-12) = $10.08bn
Imports (July-12 -Nov-12) = $18.25bn
Trade Balance (July-12 - Nov-12) = ($8.17)bn
Current A/C (July-12 -Oct-12) = $258mn
Remittances (July-12 - Nov-12) = $5.98bn
LSM Growth (Oct-12) = $2.46%

26/05/2011

SLR for Islamic banks to be enhanced
The State Bank of Pakistan (SBP) has decided to increase the Statutory Liquidity Requirement (SLR) for Islamic banks/Islamic banking branches by 5 percent with effect from June 03, 2011.

26/05/2011

SBP allows banks to extend auto loans for ancillary items
The State Bank of Pakistan (SBP) has also allowed the banks/Development Finance Institutions (DFIs) to extend loans for the cost of ancillary item(s) like CNG kits, vehicle tracking device i.e. Global Positioning System—commonly known as “Tracker” etc.

25/04/2011

MARCH 1, 2011 TILL TO DATE: PSO SUPPLIES FUEL WORTH RS 58 BILLION TO POWER SECTOR
The cash strapped Pakistan State Oil (PSO) has supplied fuel to power sector worth Rs58 billion from March 1, 2011 till to date,

25/04/2011

FBR LIKELY TO RAISE SALARIED SECTOR TAX RATE TO 25 PERCENT
The Federal Board of Revenue (FBR) is contemplating to increase the maximum tax rate of salaried persons from 20 percent to 25 percent in the budget for 2011-12.

25/04/2011

MANUFACTURERS' RAW MATERIAL IMPORTS: FBR MAY RAISE WHT RATE
The Federal Board of Revenue (FBR) may enhance withholding tax rate from 3 percent to 5-6 percent for the manufacturers/industrial units engaged in import of raw materials, in the upcoming budget for 2011-12.

25/04/2011

ENERGY SECTOR''S STAKEHOLDERS: PRESIDENT CONVENES MEETING TODAY
President Asif Ali Zardari has convened a meeting on Monday (today) of energy sector''s stakeholders to evolve a strategy in order to overcome power shortage, reportedly surged to 6,000 megawatts (MW), in the country.

25/04/2011

ELECTRICITY SHORTFALL SHOOTS TO 6,000MW
Electricity shortfall hit a new peak of 6,000 mw on Sunday, plunging the country into 10 to 15 hours of outages as the country braved the hottest day. Pepco spokesman said that all sources of power generation--hydel, thermal, IPPs and RPPs--produced 10,075 mw electricity, while the demand rose to 16,067 mw, causing a shortfall of about 6,000 mw.

18/04/2011

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18/04/2011

PAKISTAN’S FOREX RESERVES EASE TO $17.31 BLN
Pakistan’s foreign exchange reserves eased to $17.31 billion in the week ending on April 9, from $17.64 billion the previous week, a senior central bank official said on Thursday.

18/04/2011

INFLATION LIKELY TO REMAIN 17PC IN NEXT SIX MONTHS
Results of a survey on ‘inflation expectations conducted by the Pakistan Institute of Development Economics (PIDE) have indicated that the expected inflation rate during the next six months will remain 17 per cent and 16.6 per cent for the current year.