Karachi, January 21, 2020: A survey of nearly 100 senior accountancy experts on economic conditions in Pakistan shows a marked increase in economic confidence during the last three months of 2019, recovering strongly to above both its long run and recent average levels. However, the global report Global Economic Conditions Survey (GECS), jointly published by ACCA (the Association of…
Islamabad, January 17, 2020: The Finance, Revenue and Economic Affairs Divisions have resolved around 42,444 complaints or 94.7 percent of the total grievances received through Pakistan Citizen’s Portal (PCP) regarding the matters concerning these divisions. As many as 44,554 complaints were received by these divisions through Pakistan Citizen’s Portal (PCP), official data revealed, showing that…
Karachi, January 07, 2020: The State Bank of Pakistan today released its First Quarterly Report on the State of Pakistan’s Economy for FY20. According to the report, Pakistan’s economy moved progressively along the adjustment path during the first quarter of FY20. The macroeconomic stabilization process picked up momentum with the initiation of the IMF’s Extended…
Karachi, January 02, 2020: Headline inflation for December stood at 12.63 percent YoY, slightly lower than 12.67 percent in Nov-2019. Moreover, cumulative CPI for 1HFY20 averaged 11.1 percent YoY. Read More: Inflation rate to be eased to 5pc in medium-term The real story of the month though was the sequential decline of 0.34 percent MoM…
Beijing, December 30, 2019: With the construction of the China-Pakistan Economic Corridor (CPEC) and Pakistan’s domestic economic growth, the trade volume surged this year at a major border port between China and Pakistan. Cargo import and export reached 66,600 tonnes in the first 11 months at Khunjerab Pass in northwest China’s Xinjiang Uygur Autonomous Region,…