The government has decreased the rates of profit on national savings certificates and schemes by up to 160 bps. The… Read More
Govt Borrowing From Banks Up 7 Times Than Last Year
The government has borrowed Rs. 3.58 trillion just from banks during the first five months (July-November) of 2023-24 (FY24). As… Read More
More Austerity On the Cards As Govt Seeks to Cut Expenses
New austerity measures for the current fiscal year 2023-24 are currently being submitted to the Prime Minister for approval, aimed… Read More
ADB Rates Pakistan’s Provincial Strategy for Urban Growth Project As Successful
The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated the “Pakistan: Provincial Strategy for Inclusive and… Read More
World Bank Board Approves $350 Million RISE-II Project For Pakistan
The World Bank’s Board of Executive Directors approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy… Read More
Finance Ministry to Release Rs. 130 Billion For Power Generation Companies This Week
The Ministry of Finance has decided to release Rs. 130 billion to government power plants this week. The allocated funds… Read More
Rupee Appreciates 6th Day in a Row Against US Dollar
The Pakistani rupee gained further ground 6th day in a row against the US Dollar today after opening trade at… Read More
Senate Panel Concerned Over Alarming Circulation of Fake Rs. 5,000 Notes
The Senate Standing Committee on Finance on Tuesday voiced concern over the alarming circulation of counterfeit Rs. 5,000 notes in… Read More
PSX Crashes By Over 2,300 Points As Red Sea Unrest Rattles Investors [Updated]
Bears wrecked the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 2,300 points in intraday trade… Read More
SBP Gives Up to 30% Pay Raise to Officers
The State Bank of Pakistan (SBP) increased the pay of its staff by up to 30 percent on Monday. The… Read More
IMF Wants Pakistan to Stop Giving Supplementary Grants Without Parliament’s Approval
The International Monetary Fund (IMF) wants Pakistan to modify the Constitution to prevent the federal government from giving additional grants… Read More
Pakistan Takes Foreign LNG Supplier to Court For Breaching Contract
Pakistan has sued a foreign company for defaulting on its 5-year liquefied natural gas (LNG) agreement, resulting in millions of… Read More
