By NewzTodays Editorial Team | April 20, 2021

Aftab Ahmed Islamabad: The United Arab Emirates (UAE) has rolled over the payment of a $2 billion Pakistan loan. Pakistani foreign minister spokesperson Zahid Hafeez Chaudhri said in a tweet. This is a development in wake of Pakistani foreign minister Shah Mahmood’s visit to UAE. Meanwhile, the Foreign Office spokesperson lauded the decision of the UAE…

By NewzTodays Editorial Team | April 19, 2021

Islamabad: Foreign Private Investment fell by 45% year on year (YoY) basis to USS159mn during Mar 2021 primarily because of a decline in Foreign Direct Investment by 40% YoY to US$168mn despite receiving US$36mn from UAE in FPI. Foreign Direct Investment (FDI) during the month recorded a net inflow of USS168mn against net inflows of…

By NewzTodays Editorial Team | April 19, 2021

Aftab Ahmed Islamabad: In a major development, a delegation leading Russian businessmen is visiting Pakistan to boost cooperation in different sectors between two countries. Pakistan and Russia had resolved four-decades-old trade dispute issues which paved a way for businessmen of two countries to find out avenues for cooperation. The trade dispute between the two countries…

By NewzTodays Editorial Team | April 19, 2021

Aftab Ahmed Islamabad: Mari Petroleum on Monday announced 600 percent dividends for the shareholders. The company will pay Rs 8 billion worth of dividends to the shareholders that amount to Rs 60 per share. In a notice to Pakistan Stock Exchange, Mari Petroleum said that the Board of Directors of Mari Petroleum Company Limited in…

By NewzTodays Editorial Team | April 14, 2021

Aftab Ahmed The Economic Coordination Committee (ECC) on Wednesday approved an amendments in agreements of three LNG-based power plants relating to gas supply and purchase of electricity. Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet on Wednesday. Power Division presented…

By NewzTodays Editorial Team | April 13, 2021

The Securities and Exchange Commission of Pakistan (SECP), in its pursuit of end-to-end digitization of regulatory processes, has achieved another milestone with the launch of the online facility for issuance of digitally certified true copies of statutory returns and mortgage register. The new initiative is in line with the Government’s vision of “Digital Pakistan”, to…

By NewzTodays Editorial Team | April 9, 2021

The reforms introduced by the Securities and Exchange Commission of Pakistan (SECP) for ease of doing business and digitalization are resulting in the continued growth of entrepreneurship in the country. In the first three-quarters of FY 2020-21, SECP has incorporated 19,251 companies, representing an annual growth of 39%, compared to the same period last year….

By NewzTodays Editorial Team | April 9, 2021

Federal Minister for Planning, Development and Special Initiatives, Asad Umar has said that Pakistan needs economic transformation by redefining resource allocation and incentive structure. Asad Umar was addressing a seminar organized at the Planning Commission in which the Economic Advisory Group/PRIME Institute gave a presentation outlining a conceptual framework for economic transformation. The seminar was…

By NewzTodays Editorial Team | April 9, 2021

Pakistan’s consumer companies-Discretionary, Staples, and Pharmaceuticals have registered an increase in profitability of 80% YoY during 4Q2020 against 86% YoY in 3Q2020. In full-year 2020, the profitability increased by 28% YoY. Category-wise, Consumer Discretionary firms posted a significant 285% YoY improvement in profitability during 4Q2020, followed by a 60% YoY increase in Consumer Staples and…

By NewzTodays Editorial Team | April 9, 2021

Bernhard Schlagheck, German Ambassador to Pakistan called on Mr. Abdul Razak Dawood, Advisor to the Prime Minister on Commerce & Investment. The Secretary of Commerce along with other officials of the Ministry of Commerce attended a meeting. During the meeting, issues pertaining to bilateral trade & investment came under discussion. Advisor to the Prime Minister…