Profits of listed fertilizer companies are likely to go up by 104 percent year-on-year (YoY) to Rs. 25 billion in… Read More
Govt Plans to Raise Rs. 100 Billion From Sukuks At PSX Tomorrow
The government through the Ministry of Finance is all set to conduct an auction of Rs. 100 billion for sovereign… Read More
APTMA Seeks Urgent Implementation of 9 Cent Energy Tariff For Industrial Sector
Further to the government and SIFC’s announcement to remove the cross-subsidy from power tariffs for industrial consumers, thereby bringing them… Read More
PKR Appreciates 4th Day in a Row Against US Dollar As Elections Near
The Pakistani rupee posted gains 4th day in a row against the US Dollar today after opening trade at 280… Read More
Govt Shares Plan to Pay Off Energy Sector’s Rs. 1.25 Trillion Circular Debt With IMF
The Ministry of Finance has come up with a plan to release Rs. 1,250 billion to pay off the energy… Read More
Service Global Footwear Approves Rs. 1.5 Billion Investment in Associated Company
Shareholders of Service Global Footwear Limited (PSX: SGF) have authorized the company to make further long-term equity investments of up… Read More
FBR Commits to IMF It Will Raise Taxes On Digital Markets During FY24
The Federal Board of Revenue (FBR) will increase taxes on digital markets to raise tax collection during the current fiscal… Read More
Y Combinator-Backed ‘Elevate’ Debuts in Pakistan Offering Alternative to Wise And Payoneer
Founded by members hailing from nations such as Yemen and Algeria and intimately familiar with the challenges faced by Pakistani… Read More
Pakistan Tells IMF It Will Hike Key Interest Rate If Rupee Falls and Inflation Rises
The government has informed the International Monetary Fund (IMF) that the policy rate was raised to 22 percent, and it… Read More
Pakistan Assures IMF to Maintain A Market-Determined Exchange Rate
Pakistan has committed a market-determined exchange rate with the International Monetary Fund (IMF). The Memorandum of Economic and Financial Policies… Read More
Govt to Impose Billions in Taxes On Sugar and Textile Sector
The government under the contingency revenue measures agreed with the International Monetary Fund (IMF) would impose a Federal Excise Duty… Read More
IMF Sets New Structural Benchmarks Under Its Standby Arrangement For Pakistan
The International Monetary Fund (IMF) has set two new Structural Benchmarks (SBs) for stand-by arrangement (SBA) including (i) notification of… Read More
