The State Bank of Pakistan (SBP) has instructed banks and the House Building Finance Company Limited (HBFCL) to introduce a… Read More
Borrowing Now More Expensive in Pakistan After Increase in SBP Interest Rate
The Karachi Interbank Offered Rate (KIBOR) surged sharply across all tenors on Tuesday after the State Bank of Pakistan (SBP)… Read More
Remittances Will Jump to $50 Billion After Crypto is Legalized in Pakistan: Bostan
Remittance inflows will jump significantly to $50 billion from the current level of around $38 billion when cryptocurrencies are legalized… Read More
Pump Owners Demand Rs. 82.5 Billion From Govt to Absorb War-Driven Fuel Crisis
Petrol pump owners have demanded a substantial Rs. 82.5 billion payout from the government to absorb the impact of the… Read More
UAE Shocks Global Oil Market With Exit From Major Oil Producers’ Alliance
The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, marking a major disruption for the global oil… Read More
Arif Habib Consortium to Buy Remaining 25% PIA Shares
The Arif Habib-led consortium has submitted a standby letter of credit (LC) and bank guarantee to the Privatization Commission to… Read More
Gold Price Gets Further Away From Rs. 5 Lac in Pakistan After Big Crash Today
Gold prices in Pakistan fell today in both local and international markets after Monday’s small increase. In the international bullion… Read More
Fauji Cement, KAPCO Take Control of Attock Cement After Buying 92% Stake
Kot Addu Power Company Limited and Fauji Cement Company Limited have taken control of Attock Cement Pakistan Limited after acquiring… Read More
Govt Releases Billions to Settle PIA Salary and Pension Payments
The federal government on Monday approved fresh financial support for Pakistan International Airlines (PIA) to help clear outstanding employee-related liabilities,… Read More
Wartime Economy Forces SBP to Increase Interest Rate By 1%
The State Bank of Pakistan (SBP) has increased the policy rate by 100 basis points to 11.5 percent in today’s… Read More
PM Shehbaz Orders Investigation Against SNGPL Over Alleged Tender Violations
Prime Minister Shehbaz Sharif has taken formal notice of a complaint filed by Transparency International Pakistan, alleging violations of Public… Read More
Gold Rate Increases Again in Pakistan After Trump Assassination Attempt
Gold prices in Pakistan rose 2nd day in a row on Monday in both local and international markets after last… Read More
