State Bank of Pakistan’s Financial Stability Report released on July 7, 2021, show over 50pc rise in bad loans in calendar year 2020.
Economy
Electricity situation in the country has improved and there was no forced load shedding since July 2
Impact of cut in taxes will be passed on to car buyers in Pakistan
As the European Parliament has passed this resolution with a majority, any time the EU can suspend GSP plus status which was granted to exports from Pakistan since 2014.
According to Finance Ministry’s documents, Credit Suisse, Deutsche Bank, Emirates NBD Capital, JPMorgan and Standard Chartered facilitated this transaction.
Global Normalcy Index of Economists declared Pakistan at 3rd Position out of 50 countries.
The provincial breakdown indicates inflation as the biggest problem in Balochistan with 46 percent of the survey respondents termed it a major issue. About 42 percent in Punjab, 38 percent in KP and 34 percent in Sindh termed inflation as a problem.
Oil prices accelerate rise as OPEC+ calls off output talks
Talks carried over from last week after UAE opposition
Deal could see 2 million bpd added to market in stages by December