SBP to Raise Rs. 3.98 Trillion from Sale of Government Securities
The State Bank of Pakistan will raise Rs. 3.98 trillion from the sale of Government Securities in the next three months.
Finance
CDNS Achieved Rs. 42 Billion Net Target in the Last 6 Months
The net target for Fy21 for CDNS was set to be Rs. 249 billion, of which they have met just Rs. 42 billion during the past 6 months.
Federal Board of Revenue Achieved Over 99% of its FY21 Target
The Federal Board of Revenue (FBR) as of now has already achieved over 99% of its FY21 tax target i.e. an amount of Rs. 2,204 billion.
The Inflation Rate for Dec’20 was 7.97%
The inflation rate in Pakistan for Dec’20 was 7.97%. In the previous month, it was 8.35%.
Pakistan Current Debt Reached Rs. 333.99 Billion During FY21
The total borrowing of the government of Pakistan reached Rs. 333.99 billion during FY21 which was Rs. 177.58 billion during FY20.
Net Borrowings for Non-Government Sector Reached Rs. 52.86 Billion
The net borrowings for the non-government sector reached PKR 52.86 Billion during FY21. Previously, it was Rs. 85.49 billion.
PKR Strengthens Against USD by 11 Paisa
The Pakistani Rupee, today, closed at PKR 160.28, showing strength of 11 paisa per USD. Previously, it closed at PKR 160.39 to USD.
Rs. 30 Per Share to be Spread as Dividends for Shareholder: ARPL
The board of directors recommended a cash dividend spread of Rs 30 per share to ARPL’s shareholders marked as a member on December 21, 2020.
PKR Remained the Same and Closed at PKR 160.39 Against USD
The Pakistani rupees did not change today against USD. However, it gained strength against GBP by 69 paisa.
Pakistan has very less to spend on the citizens, says the PM
The Prime Minister of Pakistan told that the government has very little to offer to the citizens as much of the income is spent on debt clearance.