A much needed positive step from Pakistani Govt of PM Imran Khan making it possible for Afghan refugees and other unregistered communities to open bank accounts and do all sorts of businesses inside a documented economy.

The Economic Coordination Committee of the Cabinet has approved a National Remittance Loyalty Programme to incentivize the Pakistanis abroad to use formal channels to send their money to Pakistan. This will aid the government in maintaining the increasing current account deficit.

Pakistan's leading company in the chemical sector Engro Polymer and Chemicals Limited has shown significant Year-on-Year growth in net profit reaching Rs7.26 billion for the first half of the current calendar year 2021. However, it is down 25 percent Quarter-on-Quarter contrary to the experts' expectations.

Finance Minister Shaukat Tarin has announced the establishment of an Rs10 billion fund to give cash rewards to the IT companies based on their exports. A 5 per cent rebate on exports has been announced for the companies. The government has also decided to use 1 per cent of the annual remittances by the IT sector for further development of the sector.

Pakistan Telecommunication Authority took to Twitter to announce that Lucky Motor Cooperation has been given the authorization to manufacture South Korean tech giant Samsung's mobile phones in Pakistan. The regulator termed it "a great achievement" for the country.

As the trade deficit for July 2021 clocked in at US$3.1bn as reported by the Pakistan Bureau of Statistics, it is an alarming indicator for our economy which struggles under the brunt of the IMF bail-out package, Covid-19 restricted economic activity measures and shutting down of borders for trade.

On a month-on-month basis, Pakistan's to Holland rose by 23.74 percent during June 2021 as compared to the exports of $87.273 million in May 2021, the SBP data revealed.

The State Bank of Pakistan on 2nd August has launched two initiatives which would facilitate the introduction of digital financial products and services by financial institutions. These were announced by the governor state bank at the 5th stakeholder meeting of the digital financial services.

The market-leading cement sector saw a 19 percent decrease in sales during the month of July due to the monsoon season and Eid Holidays, the All Pakistan Cement Manufacturers Association reported. On the other hand, the coal sector prices remain elevated.

The approval of the largest ever Special Drawing Rights by IMF worth $650 to help the emerging economies combat economic slowdown will benefit Pakistan as well. This will help put the global economy on a sustainable growth path.

The first month of revenue collection by FBR exceeds the set target by big margins. On the other hand, Prime Minister Imran Khan has promised businessmen that the government reforms aimed at improving the tax system are underway, and directed that the stakeholders meet regularly for consultations to improve the system.

Lower cost of borrowing, increased options, and decreased duties by the government have allowed people to buy more cars, and thus increased car financing and car sales in the country. On the other hand, the EV sector of the auto industry is kicking off with MOUs and partnerships being signed between local and international companies.