The federal cabinet on Wednesday approved the formation of a holding company for the privatization of Pakistan International Airlines (PIA).… Read More
Pakistan to Get Final Tranche From IMF A Bit Later Than Expected
Pakistan will get the second and final tranche of SDR 828 million (around US$1.1 billion) from the International Monetary Fund… Read More
Foreign Direct Investment Up by 16% in February 2024
The Foreign Direct Investment (FDI) in the country increased by 16 percent year-on-year (YoY) to $140 million in February 2024,… Read More
Pakistan Reaches Staff-Level Agreement with IMF For Final $1.1 Billion Loan Tranche
The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level agreement on the second and final… Read More
Rupee Fails to Extend 5-Day Winning Streak Against US Dollar After SBP News
The Pakistani rupee reversed its 5-day winning streak against the US Dollar after opening trade at 279 in the interbank… Read More
SBP Fights Rate Cut Temptation But At What Cost?
The State Bank of Pakistan (SBP) finds itself in a balancing act as it contends with the demands of the… Read More
SBP Governor Expects $6 Billion Rollover Before June-End
Talks between Pakistan and China for rolling over a $2 billion loan will conclude in two weeks, Governor State Bank… Read More
Roshan Digital Account Inflows Up 2% in February 2024
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) arrived at $141 million in February 2024, compared to $142 million… Read More
OGRA Ramps Up Refinery Upgrade Agreements
The Oil & Gas Development Authority (OGRA) has intensified efforts to finalize upgrade agreements with refineries under the Brownfield Refinery… Read More
World Bank to Consider $78 Million Digital Economy Enhancement Project For Pakistan This Week
The World Bank’s Board of Executive Directors will consider the approval of “Pakistan: Digital Economy Enhancement Project (DEEP)” worth $78… Read More
SBP Keeps Interest Rate Unchanged At 22%
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged… Read More
Here Are Highest Paid CEOs in Pakistan’s Banking Sector
Despite challenges to the national economy and business climate, commercial banks in Pakistan continued to expand their assets. The balance… Read More
