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Highest inflation in the world during 2020 in Pakistan: SBP

By Shahid Iqbal KARACHI: For Pakistan’s residents, fiscal year 2020 was the worst year as they witnessed highest inflation in the world forcing policy makers to increase interest rate. “Pakistan witnessed highest inflation not only in comparison with the developed economies but also with emerging economies,” said the Inflation Monitor …

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CCP processes ,approves first paperless pre-merger application

ISLAMABAD -UNS: The Competition Commission of Pakistan (CCP) has processed and approved the first paperless pre-merger application, successfully using its Online Merger and Acquisition Application Filing System. In the aftermath of COVID-19 outbreak, the CCP has introduced online systems as part of its efforts to improve services and deliver on …

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CCP seeks public comments on draft study on LPG sector

ISLAMABAD -UNS : The Competition Commission of Pakistan (CCP) has prepared a draft competition assessment study of the LPG Sector in Pakistan with solid recommendations for the government to introduce policy reforms, remove regulatory barriers, and put in place a competitive LPG pricing framework to create a level playing field …

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No new taxes in upcoming budget for fiscal year 2020-21: Hafeez

ISLAMABAD -UNS – Adviser to Prime Minister on Finance and Revenues Abdul Dr Abdul Hafeez Shaikh Tuesday said that the government would not impose any new taxes in the upcoming budget for the fiscal year 2020-21 to facilitate the industry and help check contraction of economy. Talking to a private …

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Catastrophe bonds stand out in correlated market: Report

  SINGAPORE -UNS- Financial markets have recently proved to be highly correlated, as the COVID-19 pandemic cut a swath through various different industries. However, as S&P Global Ratings says in a new report, recent events do not affect the modeling used to underwrite most outstanding insurance-linked securities (see “In A …

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Turkmanistan to join WTO as observer

ASHGABAT -UNS- A regular meeting of the Cabinet of Ministers of Turkmenistan was held in Ashgabat. During the session, President of Turkmenistan Gurbanguly Berdimuhamedov signed a Resolution “On the entry of Turkmenistan to the World Trade Organization as an observer.” In accordance with the Document, the Turkmen side sent the …

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