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
PM Shehbaz Summons $20 Billion Investment Plan For Next 5 Years
Prime Minister Shehbaz Sharif has directed all ministries to submit a $20 billion investment strategy for 94 key projects as… Read More
Sindh Chamber of Agriculture Opposes Further Increase in Sales Tax Rate on Tractors
Sindh Chamber of Agriculture has approached Prime Minister Shehbaz Sharif against abnormal increases in prices of agricultural tractors for poor… Read More
