Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with the Chairman Prime Minister’s Youth Program Rana… Read More
Fitch Ratings Upgrades Pakistan’s Outlook to CCC+
FitchRatings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. The upgrade reflects greater certainty over… Read More
Foreign Companies in Pakistan Send Highest-Ever Profit Abroad in 6 Years
Foreign companies’ repatriation of profits and dividends rose to $2,215 million in the financial year 2023-24, up by 6.7x percent… Read More
LHC Prohibits FIA from Taking Coercive Measures Against FBR Officers
The Lahore High Court has barred the Federal Investigation Agency (FIA) from taking coercive measures against the Federal Board of… Read More
China, KSA, UAE to Help Pakistan Bridge External Financing Gap for ‘Last Ever’ IMF Loan: Aurangzeb
China, Saudi Arabia and UAE will support Pakistan in filling the external financing gap which will help get approval from… Read More
Govt Has Collected Data on 4.9 Million Non-Filers’ Homes, Assets, Cars, Will Start Taking Action Soon: Finance Minister
The federal government has collected all data on 4.9 million non-filers’ assets, houses, foreign travel, and cars and will start… Read More
IMF Strongly Opposes Delay in Increasing Electricity Rates for Middle-Income Consumers
The International Monetary Fund (IMF) has strongly opposed the federal government’s new proposal to delay increasing electricity bills of consumers using… Read More
CCP Allows Engro to Sell Its Thermal Energy Assets
The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. This transaction involves… Read More
Competition Tribunal Upholds CCP Penalty in Trademark Dispute
The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Baba Plastic against the Competition Commission of Pakistan’s… Read More
FFC, FFBL Announce Big Increase in DAP Prices
Fauji Fertilizer Company Limited (PSX: FFC) and Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) have each announced a massive increase… Read More
Pakistan Falls Short of $17.6 Billion Loan Target For FY24, Received Only $9.81 Billion
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
