The federal government has approved a risk coverage scheme for SME financing based on instructions from the State Bank of… Read More
Pakistan Has Paid $3.7 Billion Interest to IMF in 40 Years
Pakistan has paid interest amounting to SDR 2.815 billion ($3.7 billion) to the International Monetary Fund (IMF) since 1984. This… Read More
Bawany Air Products to Buy Alman Seyyam Sugar Mills Limited for Rs. 12 Billion
Defaulter Bawany Air Products Limited (PSX: BAPL) has signed a share purchase agreement for purchasing Alman Seyyam Sugar Mills (Private)… Read More
ZLK Islamic Financial Services and Dubai Islamic Bank Pakistan Join Hands to Broaden Shariah Compliant Investment Opportunities
In a landmark collaboration, ZLK Islamic Financial Services, Pakistan’s premier Shariah-compliant brokerage firm, has partnered with Dubai Islamic Bank Pakistan… Read More
IMF-Backed Reforms in Taxation, Privatization, SOEs Now Unavoidable: Finance Minister
The government now has no other choice but to proceed with crucial reforms in taxation, privatization, energy and State-Owned Enterprises… Read More
5 Chinese Firms Bid to Help Pakistan Raise Funds Via Panda Bonds
Five Chinese firms submitted bids to Pakistan to raise funds through Panda bonds as the country moves forward with plans… Read More
PSX Loses Over 700 Points to Close Below 78,000 After Nationwide Internet Outage
Bears wrecked the Pakistan Stock Exchange (PSX) on Wednesday with the benchmark KSE-100 index losing over 700 points in intraday… Read More
Toyota Indus Motors Starts Export of Certain Vehicles to Affiliated Companies
Indus Motor Company Limited (PSX: INDU) has commenced an export activity of certain vehicles to other Toyota-affiliated companies, the carmaker… Read More
KIBOR Rates Drop By Up to 53 Basis Points After SBP Decision
KIBOR tenors of 1-Week, 2-Week and 1-Month fell by up to 53 basis points (bps) on a day-on-day (DoD) basis… Read More
Govt Is Determined to Tax Agriculture Sector to Expand Tax Net: Finance Minister
Finance Minister Muhammad Aurangzeb on Tuesday made it clear that the government will tax the agriculture sector to expand the… Read More
Rupee Closes in Red Against US Dollar, British Pound Despite Good News From SBP
The Pakistani rupee (PKR) closed in red against the US Dollar today after opening trade at 278 in the interbank… Read More
FBR to Charge Up to 15% Tax on Profit on Development and Sale of Property
The Federal Board of Revenue (FBR) has shared details on the collection of taxes on earnings from real estate developers… Read More
