15th JULY 2021

Pakistan well-positioned for growth: Citibank officials (Neutral)

Pakistan is well-positioned for growth, but the South Asian economy will continue to be concerned about inflation, global protectionism, and US monetary tightening, according to the report.

Officials from Citibank spoke with Business Recorder recently.



SBP’s reserves hit over 4-year high (Positive) 

Pakistan has received $1 billion in foreign inflows via Eurobonds issued by the federal government to help boost foreign exchange reserves. The State Bank of Pakistan’s (SBP) foreign exchange reserves increased to their greatest level in four and a half years as a result of these inflows.



Sindh govt orders reclosure of schools, recreational places

With the new highs of the Coronavirus that have hit the province, particularly in the city, Sindh Chief Minister Syed Murad Ali Shah has decided to re-close all recreational places, including indoor dining and sports activities, as well as schools from class one to nine, and has threatened to take harsher measures if the SOPs are not followed in letter and spirit.



ECC to okay 5-year trade framework

The Economic Coordination Committee (ECC) is likely to approve the Strategic Trade Policy Framework (STPF) 2020-25.



Oil prices likely to significantly increase

ISLAMABAD: The prices of all petroleum products may touch Rs11.5 per liter owing to higher international prices.



Car sales skyrocket 90% in FY21

KARACHI: The total number of cars sold in Pakistan in fiscal year 2020-21 soared 90% compared to the previous fiscal year (FY20), but sales remained 28% lower than the all-time high of 329,000 units reached in FY18.