Macro-economics

【WB loan】
Pakistan has received $505.5 million from the World Bank under the Resilient Institutions for Sustainable Economy (RISE) programme, which will help improve the fiscal management, strengthen the government's stabilisation drive and finance the pandemic responses, the central bank said in a tweet on Tuesday.
https://www.thenews.com.pk/print/693532-pakistan-receives-505mln-from-world-bank

【Trade】
The bilateral trade of Russia and Pakistan needs more practical steps as there is huge potential for investment and economic cooperation in Pakistan's energy sector, steel production, telecommunication, oil and gas.
https://www.brecorder.com/news/40008544/russia-pakistan-need-more-steps-to-enhance-bilateral-trade-fpcci

Industries

【Sugar】
The Economic Coordination Committee (ECC) of the Cabinet gave a go-ahead to a proposal by the Ministry of Industries and Production allowing import of up to 300,000 tonnes of refined white sugar to maintain buffer stocks and prevent shortage in the coming months before the start of next crushing season.
http://www.dawn.com/news/1571756/ecc-okays-import-of-03m-tonnes-sugar-to-check-rising-prices

【IT】
Pakistan needs to develop a comprehensive framework for a new industrial look by incorporating new technologies. Poverty-stricken and resource-deficient Pakistan needs to develop more IT-driven start-ups to engage youth for productivity.
https://tribune.com.pk/story/2257123/post-covid-19-scenario-more-it-driven-start-ups-needed

【Banking】
Banks should extend advances to individuals and enhance the size of loans for a positive impact on financial inclusion as collateralized loans are a product with a negative impact on the process, said financial sector experts.
https://www.brecorder.com/news/40008541/banks-should-extend-advances-to-individuals-enhance-size-of-loans

Financial Market

【Stocks】
Stocks rallied ahead on Tuesday, banking on rupee appreciation and institutional support, encouraging investors to take positions in shares promising robust payouts, amid economic revival hopes, dealers said.
https://www.thenews.com.pk/print/693534-stocks-rally-for-second-day-on-rupee-strength

【Rupee】
The rupee strengthened against the dollar at Rs166.45 in the inter-bank market on Tuesday compared with Monday's close of Rs166.87, according to the State Bank of Pakistan (SBP).
https://tribune.com.pk/story/2257131/inter-bank-market-rupee-strengthens-against-dollar-8

CPEC

【Opinion】

The Pakistan-China Economic Corridor (CPEC) is an economic project, proving to be backbone project in Pakistan, will directly benefit not only Pakistan but more than three billion people in South Asian countries.
http://pakobserver.net/us-india-nexus-against-cpec-2/?i=xly

【Manshehra-Thakot Expressway】
Mahmood Khan termed the project as a vital importance for the development of entire region and said that it will boost tourism and trade activities in the area, create job opportunities and will provide quality communication facilities to the local people.
https://www.brecorder.com/news/40008552/kp-cm-inaugurates-havelian-thakot-section-of-hazara-motorway

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