Pakistan’s commercial real estate business is officially dead and will not recover until after 2030, thanks to poor government policies… Read More
FBR Orders to Issue Sales Tax Refunds Within A Month
After the issuance of sales tax refunds of Rs. 65 billion to five leading export sectors, the Federal Board of… Read More
IMF Ready to Send Mission to Pakistan For Final Review After New Cabinet is Formed
The International Monetary Fund (IMF) stands ready to hold a mission for the second review of the Stand-by shortly after… Read More
Meezan Bank Inks MoU With Pakistan Microfinance Network to Promote Islamic Finance
Meezan Bank, Pakistan’s leading Islamic Bank, has recently formalized a Memorandum of Understanding (MoU) with the Pakistan Microfinance Network (PMN)… Read More
Rupee Reverses 4-Day Losing Streak Against US Dollar After Moody’s Upgrade
The Pakistani rupee reversed its 4-day losing streak against the US Dollar after opening trade at 280 in the interbank… Read More
Fertilizer Companies to Renew Gas Contracts in June With Rates Likely to Rise
Contracts for purchasing affordable gas for fertilizer plants are set to expire in June 2024, sources told ProPakistani. The Ministry… Read More
Pakistan Must Cancel Rs. 129 Billion Gas Subsidy to Get New And Much Bigger IMF Program
The Government of Pakistan must meet several key requirements including cancelling Rs. 129 billion in gas subsidies to qualify for… Read More
Govt Issues Financial Sector Cyber Security Advisory As Threats Rise
The Government of Pakistan has issued a cyber security advisory titled “Pakistan’s Digital Blackout — Fake Propaganda and Response Initiative… Read More
PSO’s Receiveables From PIA Near Rs. 28 Billion
The receivables of Pakistan State Oil from national flag carrier Pakistan International Airlines (PIA) have neared Rs. 28 billion. The… Read More
Pak Rupee Down 4th Day in a Row Against US Dollar As IMF Talks Near
The Pakistani rupee declined 4th day in a row against the US Dollar after opening trade at 281 in the… Read More
Ethereum Back Above $3,800 For The First Time Since December 2021
Ethereum, the world’s second-largest cryptocurrency by market cap, has surged past $3,800 for the first time since December 2021. Since… Read More
Banking Sector Deposits Near Rs. 28 Trillion in February 2024
Banking sector deposits have maintained their steady growth since the turn of the new year, posting a 22 percent year-on-year… Read More
