Business News | PSX | News Updates from Pakistan Economy

Petrol price to remain unchanged till December 15

The government on Monday decided to leave the prices of petrol, kerosene, and light diesel unchanged till December 15, a notification from the Finance Division read.

November 30, 2020
Published in Business

Canada blocks bulk exports of some prescription drugs in response to Trump import plan

Canada on Saturday blocked bulk exports of prescription drugs if they would create a shortage at home, in response to outgoing US President Donald Trump’s efforts to allow imports from Canada to lower some drug…

November 29, 2020
Published in Business

Weekly inflation decreases of 0.92% due to a decline in food prices

Weekly inflation for the combined group during the period ended on November 26 recorded a decrease of 0.92 per cent due to a decline in prices of essential food items, according to the Pakistan Bureau…

November 28, 2020
Published in Business

No quick end to economic damage after Covid-19 vaccine: UNCTAD

Despite growing confidence that an end to health pandemic is in sight, a report released by the United Nations Conference on Trade and Development (UNCTAD) has warned that a viable Covid-19 vaccine will not contain…

November 26, 2020
Published in Business

Gold rate falls Rs2350 per tola in Pakistan

A single tola of 24-karat gold in Pakistan was sold at Rs110,500 on Tuesday at the closing of trading in the bullion market after the price of the precious metal decreased by Rs2350 during the…

November 24, 2020
Published in Business

SBP announces monetary policy, keeps rate unchanged at 7%

The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Monday and decided to maintain its policy rate at 7%, according to a statement issued by the bank.

November 23, 2020
Published in Business

Ground-breaking of Karachi’s Green Line BRT extension project performed

Federal Minister for Planning and Development Asad Umar and Sindh Governor Imran Ismail on Saturday performed the groundbreaking of the extension project of Karachi’s Green Line BRT.

November 22, 2020
Published in Business

Pakistan jumps in Trade Facilitation Agreement

Pakistan jumps rank on trading across border index

Pakistan’s rank on trading across border index jumped by 28 places in 2020 mainly due to considerably improved implementation of several measures under the Trade Facilitation Agreement (TFA) contributing to Ease of Doing Business.

November 21, 2020
Published in Business

Pakistan saw negative economic growth in FY 20 for the first time after 1952: SBP

The State Bank of Pakistan (SBP) estimated that Pakistan’s real GDP has contracted by 0.4% in the fiscal year 2019-20, making it the first time since the fiscal year 1951-52 that the country recorded a…

November 19, 2020
Published in Business

NEPRA approves blueprint for introducing competition in electricity market

National Electric Power Regulatory Authority has approved a blueprint to introduce competition in the power market which is likely to distribute energy on competitive price.

November 10, 2020
Published in Business

PM Imran Khan announces reduced energy costs for industrial sector

Prime Minister Imran Khan on Tuesday announced a package under which small and medium enterprises as well as the industrial sector in general will be able to benefit from reduced energy costs.

November 3, 2020
Published in Business

Pakistan’s pharmaceutical exports rise 22.6% in first quarter

Pakistan’s pharmaceutical exports rose by 22.6 per cent in the first quarter of the current fiscal year, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said on Monday.

November 2, 2020
Published in Business

Fuel prices for November announced in Oman

Fuel prices for November have been announced by the Ministry of Energy and Minerals Oman on Saturday, according to Times of Oman.

November 1, 2020
Published in Business

OGRA recommends up to Rs2 decrease in petroleum prices

The Oil and Gas Regulatory Authority (OGRA) on Saturday recommended up to Rs2 decrease in prices of petroleum products for the month of November.

October 31, 2020
Published in Business

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