The country borrowed $9.811 billion from multiple financing sources during the fiscal year 2023-24. If the International Monetary Fund (IMF)… Read More
Rupee Closes in Green 2nd Consecutive Day Against US Dollar
The Pakistani rupee (PKR) gained small ground against the US Dollar today after opening trade at 278 in the interbank… Read More
FIA Summons FBR Member Operations in Corruption and Illegal Tax Refund Inquiry
The Federal Investigation Agency has summoned member operations of the Federal Board of Revenue, Mir Badshah Khan Wazir, to an… Read More
Salaried Class Paid Staggering 232% More Taxes Than Exporters and Retailers in FY24
Pakistan’s salaried class paid a record Rs. 368 billion in income taxes, 232 percent more than taxes paid by exporters… Read More
IMF Board Likely to Approve $7 Billion Bailout for Pakistan in Mid-August
The International Monetary Fund (IMF) Executive Board will likely take up the agenda of Pakistan’s new $7 billion bailout package… Read More
IMF Urges Pakistan to Enhance Export Strategy
The International Monetary Fund (IMF) has found Pakistan trailing far behind other neighboring countries in terms of export growth due to… Read More
SBP Issues Guidelines to Regulate Non-Performing Assets
The State Bank of Pakistan has issued a set of guidelines to regulate the transfer and assignment of Non-Performing Assets… Read More
SBP Orders Banks to File Cases Against Loan Defaulters
The State Bank of Pakistan (SBP) directed banks to file recovery suits in the court of law for NPLs with… Read More
Maple Leaf Group Wants to Acquire Control in Agritech Limited
Maple Leaf Group intends to acquire control in Agritech Limited (PSX: AGL). Maple Leaf Cement Factory Limited (MLCF) and Maple… Read More
Rupee Posts Losses 3rd Day in a Row Against US Dollar After Mini-Budget News
The Pakistani rupee (PKR) dropped further against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Chinese Trading Company Building A $50 Million Slaughterhouse in Gwadar
Prime Minister Muhammad Shahbaz Sharif on Tuesday met with a delegation from Hengeng Trading Company, led by Chairman Zhang Bin,… Read More
Mini-Budget Likely If IMF Remains Unsatisfied
The International Monetary Fund (IMF) has warned that Pakistan might need to consider a mini-budget if revenue targets are not… Read More
