Industry questions OGRA chairman about gas shortages on December 14, 2021President of the Federal Petroleum Corporation of Pakistan (FPCCI), Mian Nasser Hyatt Maggo, has welcomed the visit of Masroor Khan, Chairman of the Oil and Gas Regulatory Authority of Pakistan (OGRA), to the FPCCI Headquarters at Federation House in Karachi for a consultative session on the burning issue of increasing gas shortages for industry and […]
Prices of basic kitchen items fluctuate in Karachi on December 13, 2021Shakir Hussain, a resident of Karachi, is part of more than half of Pakistan’s population that was already mired in poverty and now the recent surge in inflation has broken his back. He says that the price of what he used to buy for one thousand rupees a year ago has now reached more than […]
Monetary direction: FPCCI supports status quo on policy rate on December 11, 2021According to FPCCI president Mian Nasser Hyatt Maggo, further increases in Pakistan’s Monetary Policy Rate (MPR) could result in stagflation and harm industrial growth. He argued that Pakistan’s economy is less integrated with the financial sector, making the use of the Policy rate for inflation control counterproductive. The Policy Advisory Board of FPCCI released the […]
SBP explains its policy decisions on December 10, 2021According to a statement released by the State Bank of Pakistan (SBP) on Thursday, it has addressed the concerns of the media, including op-eds, about the SBP’s recent monetary policy decisions and the role of the Covid-related financial accommodation in causing the current high inflation levels. “The SBP would like to address these concerns and […]
Over 250 points lost at KSE-100 on December 1, 2021As of Tuesday afternoon, the KSE-100 Index had fallen to a new low of 258 points, while volume and value had risen from the previous session’s low. The benchmark index reached an intra-day high of 45,757.60 points after accumulating 427.55 points. However, the index was unable to maintain its gains in the second half of […]
Mini Budget: Stakeholders kept out of loop, claims FPCCI on November 26, 2021Mian Nasser Hyatt Maggo, President FPCCI, has expressed his deep concerns over the approach of the government for not taking the apex business, industry and trade body of Pakistan into the consultative process over mini budget; and, what will it entail! This effectively keeps all the stakeholders out of the loop, he added. FPCCI President […]
Economy rebounded in FY21 with 3.9pc real GDP growth: SBP report on November 25, 2021The State Bank of Pakistan has released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2020-21 on Wednesday. Pakistan’s economy rebounded in FY21, with real GDP growth of 3.9 percent, according to the report. In addition, this growth in economic activity was accompanied by a 10-year low current account balance, […]
FPCCI-EU Dialogue: Pakistan should clinch GSP+ v2.0 on November 20, 2021The European Union’s Ambassador to Pakistan Androulla Kaminara met with FPCCI President Mian Nasser Hyatt Maggo for a high-profile and in-depth consultative session on Pakistan’s economic challenges. It was Mian Nasser Hyatt Maggo’s belief that Pakistan should be treated on a par with other nations in the region and countries that face similar economic and […]
KSE-100 index down more than 700 points on November 10, 2021Uncertainty about the IMF talks drained market confidence, as the KSE-100 Index finished 715 points or 1.52 percent lower to close at 46,400 on Tuesday. Over 800 points were wiped off the market’s value during intra-day trading. Closed with a loss of 715.13 points or 1.52 percent, the KSE-100 Index was 46.399.91 points. Economic analysts […]
Prices of kitchen items rise again in Karachi on November 1, 2021Prices of all necessary kitchen products witnessed an increase this week compared to the previous week, according to a poll conducted by Daily Times in Karachi on Sunday. Traders told this correspondent that the increase in costs of vital kitchen products and other daily necessities is a direct result of the increase in fuel and […]