The Federal Board of Revenue (FBR) is projected to miss its tax collection target by over Rs. 344 billion during… Read More
6-Month KIBOR Down to 31-Month Low
The 6M Karachi Inter-Bank Offered Rate (KIBOR) is currently trading blows at 12.88 percent as of November 28, 2024, according… Read More
Inflation to Remain At 5.8-6.8% in November 2024
The federal government has forecasted inflation to remain within the range of 5.8 percent to 6.8 percent in November 2024.… Read More
Islamic Banks’ Profits to Come Under Pressure Due to New SBP Requirements
In a recent directive issued by the State Bank of Pakistan (SBP), IFPD Circular No. 09 of 2024, the profit-sharing… Read More
Finance Minister, IASB Vow to Improve Reporting Standards in Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of the International Accounting Standards… Read More
Pumps in Punjab, Islamabad Likely to Run Out of Fuel [Updated]
Pump stations in Punjab, Islamabad and Rawalpindi are likely to run out of fuel and cause a shortage in the… Read More
SBP Removes Minimum Profit Rate Requirement From These Deposits
The State Bank of Pakistan (SBP) has exempted certain types of deposits from the Minimum Profit Rate requirement specified in… Read More
Islamic Banks to Pay 75% of Gross Yield as Profit on Savings: SBP
The State Bank of Pakistan (SBP) has decided that Islamic Banking Institutions (IBIs) shall pay profit on their PKR saving… Read More
Pakistan Fails to Attract More Loans in 4 Months Due to IMF Delay
Foreign assistance inflows into Pakistan sharply declined by over 55 percent to $2.7 billion during July-October FY25 compared to $6.05… Read More
New SBP Guidelines Restrict Shariah Board Members to Single Islamic Bank
State Bank of Pakistan (SBP) has revised the terms and conditions for the appointment of Shariah scholars for Islamic banks… Read More
Rupee Appreciates 2nd Day in a Row Against US Dollar to End Exciting Week
The Pakistani rupee (PKR) posted gains 2nd day in a row against the US Dollar (USD) today after opening trade… Read More
Business Consortium Withdraws Offer to Buy 69% Stake in Engro Powergen
A consortium of business entities has withdrawn its public announcement of intention (PAI) to acquire a 68.89 percent stake in… Read More
