The State Bank of Pakistan (SBP) made it mandatory for Islamic banking Institutions (IBIs) to pledge collateral for availing Sharia-compliant… Read More
International Oil Prices Drop to 3.5-Year Low
Global oil benchmark Brent crude futures fell below $68 a barrel on Thursday for the first time in nearly three… Read More
Govt Changes Pension Calculation Method
The federal government has introduced some big pension reforms by changing the calculation method and restricting multiple pensions. Pensions will… Read More
IMF Likely to Lower Pakistan’s Tax Collection Target for the Current Fiscal Year
The International Monetary Fund (IMF) is likely to revise down Pakistan’s revenue collection target to Rs. 12,480 billion in the… Read More
Govt Appoints Bilal Bin Saqib As Chief Advisor to Finance Minister on Crypto Council
The Government of Pakistan has appointed Bilal Bin Saqib MBE as the Chief Advisor to the Finance Minister on the… Read More
Payoneer, Meezan Bank Launch International Payment System for Small Businesses
Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and… Read More
IMF to Negotiate Electricity and Gas Tariffs Today As Review Talks Heat Up
The International Monetary Fund (IMF) review mission under Nathan Porter’s leadership will have discussions with the Ministry of Energy today… Read More
Public Accounts Committee Unhappy With Foreign Loan Repayment Strategy
The Public Accounts Committee (PAC) is unhappy with Pakistan’s foreign loan repayment system, summoned the Finance Ministry for a detailed… Read More
International Coal Prices Drop to 4-year Low
International coal prices have dropped to a four-year low, according to Bloomberg data. International coal prices (Richards Bay) have dropped… Read More
Pakistan Likely to Unlock $1 Billion IMF Tranche
Pakistan will likely clear the first review of its $7 billion loan program with the International Monetary Fund (IMF) and… Read More
IMF Urges Pakistan to Successfully Complete Rightsizing to Cut Expenses
The International Monetary Fund (IMF) has urged Pakistan to implement right-sizing measures as soon as possible to cut government expenses,… Read More
These Are the Top 10 Most Profitable Banks in Pakistan in 2024
Banks in Pakistan saw fluctuations in policy rates, yet a significant number of banks reported substantial profits and asset growth.… Read More
