VALT Finance, a promising fintech startup focused on democratizing gold and cryptocurrency investing, has recently made headlines by securing an… Read More
Pakistan Seeks $4 Billion Loan From Middle Eastern Banks to Unlock New IMF Bailout
Pakistan is in advanced talks with Middle Eastern banks to secure $4 billion in loans to meet its external financing… Read More
6-Month KIBOR Declines By 63 Basis Points As Market Expects Another SBP Rate Cut
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a benchmark for lending to consumers and businesses, fell by 63 basis points… Read More
Rupee Loses More Value Against US Dollar, Crashes Against British Pound
The Pakistani rupee (PKR) lost further ground against the US Dollar today after opening trade at 278 in the interbank… Read More
Pakistan is Getting New Currency Notes This Year
Governor State Bank of Pakistan (SBP) Jameel Ahmed on Wednesday informed the Senate Standing Committee on Finance and Revenue that… Read More
Govt Forms Committee for Restructuring $15 Billion Energy Debt Owed to China
The federal government has formed a high-level committee comprising key federal ministers to negotiate the rescheduling of $15 billion energy… Read More
IMF Board to Approve $7 Billion Bailout For Pakistan Next Month
The federal government is working to get approval from the International Monetary Fund (IMF) Executive Board for the $7 billion… Read More
FBR Imposes 11% Customs Duty on Import of 4G MiFi, Mobile WiFi Modems
The Customs Classification Committee of the Federal Board of Revenue (FBR) has ruled that 11 percent customs duty would be… Read More
Car Financing Declines 25th Month in a Row
Car financing continued to fall 25 months in a row, down 20.1 percent YoY to Rs. 228 billion by the… Read More
PostEx Raises $7.3 Million in Pre-Series A Round to Cater Merchants in GCC Market
PostEx, one of Pakistan’s leading fintechs, has raised $7.3 million in a pre-Series A funding round. The round was led… Read More
FBR Refuses Retired Military Officer’s Request to Transfer His Currency Smuggling Case to ADRC
The Federal Board of Revenue (FBR) has decided that the Alternative Dispute Resolution Commission (ARDC) has no mandate to decide… Read More
Ghandara Tyre Ends 7-Year Partnership With Dutch Supplier, Signs New Deal With Chinese Company
Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) and Dutch firm Continental Global Holding Netherlands B.V. have ended their Royalty… Read More
