The caretaker government’s “do nothing” approach will accelerate “informalization of the economy”, said the Pakistan Business Council (PBC) on Monday.… Read More
Army Chief Promises to Bring Money Changers Under Tax Net
Chief of Army Staff General Asim Munir on Sunday assured that money exchanges will be taxed to promote transparency in… Read More
There is No Solution for Banking/Finance Frauds in Pakistan: NTISB
Admitting a massive increase in banking/financial frauds, the National Telecommunication and Information Security Board (NTISB) has warned that there is… Read More
RAAST Online Funds Transfer Service to be Unavailable on Sunday
Pakistan’s instant payment system RAAST will be temporarily suspended for nearly 15 hours on Sunday. According to the State Bank… Read More
US Dollar is Now Selling For Rs. 331 Against Rupee in Open Market
The Pakistani rupee halted its neck-breaking fall against the US Dollar today after opening trade at 304 in the interbank… Read More
Rapid Decline of Rupee ‘A Perfect Storm’: Pakistan Business Council
The rapid decline in the value of the Pakistani Rupee is attributable to a combination of premature relaxation of imports,… Read More
Govt Plans New Capital Markets Structure to Raise Long-Term Debt At Competitive Rates
The Federal Government is planning to develop domestic debt capital markets to ensure raising long-term domestic debt at competitive pricing.… Read More
SBP Denies Reports of Emergency MPC Meeting
The reports making rounds in the media about holding an emergency meeting of the Monetary Policy Committee (MPC) of the… Read More
PSX Crashes by Over 1,700 Points Amid Gut-Wrenching Rupee Slump, Economic Turmoil [Updated]
Bears ran riot at the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 1,700 points in… Read More
Govt Rejects Plan to Ban Afghanistan From Using Pakistan’s Currency Market
The Cabinet Committee for Economic Revival has rejected a plan for banning Afghanistan from Pakistan’s foreign exchange market despite a… Read More
Efforts Underway to Achieve $80 Billion Exports Target This year: Interim Commerce Minister
The Caretaker Federal Minister for Commerce Gohar Ejaz appraised the Senate Standing Committee on Commerce regarding the export target of… Read More
SBP Asks Islamic Banks To Adopt New Shariah Standards
The State Bank of Pakistan has directed Islamic banks and financial institutions to adopt new Sharia Standards in business practices… Read More
