Daily Archives: September 23, 2020

Despite Signs of Recovery Pakistanis Remain Pessimistic About The Economy: Report

The Pakistan chapters of commercial data analysis company, Dun & Bradstreet, and Gallup International Association have launched their inaugural report titled ‘Pakistan Consumer Confidence Index (CCI)’. The CCI report has been developed by assessing consumers’ confidence about the economy as well as their personal financial situation. The Index encompasses covers four key parameters: Household Financial

Smuggling Has Reduced Considerably: Senate Standing Committee

Chairman Senate Standing Committee on Commerce and Trade Senator Mirza Muhammad Afridi has said that smuggling has reduced substantially due to effective measures for its eradication which has supported the local industry and will be instrumental in promoting economic activities and businesses in the country. He expressed these views while presiding the Senate Standing Committee

Pakistan’s Ambassador to EU urges European companies to invest in Pakistan

Pakistan’s Ambassador to Belgium, Luxembourg and the European Union Zaheer A Janjua has urged European companies to invest in Pakistan which offers a number of incentives to foreign investors. During a virtual meeting with a leading Belgian manufacturing company Ontex Group in Brussels, he said Pakistan is considered to be the top investment friendly destination

ECC approves Rs3850m due to employees of Pakistan Steel Mills

Economic Coordination Committee has approved an amount of 3850 million rupees due to the employees of Pakistan Steel Mills for the financial year 2020-21 to be disbursed every month. This approval was accorded during its meeting held in Islamabad on Wednesday, with Adviser to the Prime Minister on Finance and Revenue Dr.Abdul Hafeez Shaikh in

Current Account Deficit remains surplus for second consecutive time during Aug 2020: SBP

State Bank of Pakistan (SBP) has said the Current Account Deficit remained surplus for the second consecutive time during the month of August this year. In its tweets on Wednesday, the central bank said the current account balance cumulatively reached a surplus of 805 million dollars during the first two months of current fiscal year