The State Bank of Pakistan (SBP) has allowed TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited to explore a… Read More
PBA Develops Shared e-KYC Platform for Banks and Other Financial Institutions
Pakistan Banks Association (PBA), under the guidance of the State Bank of Pakistan (SBP), has undertaken the development of a… Read More
Foreign Loans Decline by 51% in November 2023
Pakistan borrowed $4.285 billion from multiple financing sources during the first five months (July-November) of the current fiscal year 2023-24,… Read More
Millat Energy Group Wants to Acquire Hascol Petroleum
Hascol Petroleum Limited (PSX: HASCOL) has invited Millat Global Holdings to conduct due diligence for the potential acquisition of its… Read More
Rupee Gains Further Ground 5th Day in a Row Against US Dollar
The Pakistani rupee gained further ground 5th day in a row against the US Dollar today after opening trade at… Read More
FBR Bounds PSW-Registered Govt Agencies to Implement Integrated Risk Management System
The Federal Board of Revenue (FBR) has made it compulsory for the government departments that apply trade controls on import,… Read More
Current Account Turns from Deficit to Surplus After 4 Months
The country’s current account posted a surplus of $9 million in November 2023, compared to a deficit of $157 million… Read More
SECP Allows New Scheme For Mutual Funds to Invest in Govt Debt Securities
The Securities and Exchange Commission of Pakistan (SECP) has permitted the “Money Market Schemes” of mutual funds to invest in… Read More
FBR Constitutes Teams For Monitoring Activities Under Track and Trace System
The Federal Board of Revenue (FBR) has constituted seven teams across the country regarding enforcement and monitoring activities of the… Read More
Rupee Rises 4th Day in a Row Against US Dollar to End the Week
The Pakistani rupee gained further ground 4th day in a row against the US Dollar today after opening trade at… Read More
ECC Approves Proposal to Resolve Issues Between K-Electric and Govt Entities
The Economic Coordination Committee (ECC) of the federal cabinet on Friday approved the proposal of the Power Division for signing… Read More
IMF Tells Pakistan to Double Taxes on Salaried Class [Updated]
Update: In a statement to Reuters, the International Monetary Fund (IMF) resident representative in Pakistan has denied reports that it… Read More
