Former finance minister Miftah Ismail has said that $6 billion in commitments from friendly countries are needed for a full… Read More
Avanceon Sells Partnership Interest in US-based Entity to Octopus Digital for $1.5 Million
Avanceon Limited (PSX: AVN) has sold and transferred its partnership interest in Avanceon LP, a limited partnership in Pennsylvania, to… Read More
SBP Asks Banks to Report Data on Foreign Exchange Returns
The State Bank of Pakistan (SBP) has asked banks to submit data on Foreign Exchange Returns (FERs) generated by core… Read More
IMF Projects Decline in Pakistan’s Gross Debt in FY23 and FY24
The International Monetary Fund (IMF) has projected a decrease in the gross government debt for Pakistan from 75.8 percent of… Read More
Govt Expedites Amendments to Toshakhana Bill
The Senate Standing Committee on Cabinet Secretariat on Wednesday while taking up the bill on the Toshakhana (Management and Regulation… Read More
Rupee Defies Expectations to Gain Big Against US Dollar Despite IMF Downgrade
The Pakistani rupee (PKR) reverses losses against the US Dollar and posted big gains during intraday trade today. The Pakistani… Read More
Imported Cars, Mobiles Set to Get Cheaper as Regulatory Duties Expire
The time-bound notifications on the imposition of regulatory duties and Additional Customs Duties (ACDs) on the import of over 600… Read More
SBP Revises Exchange Rate Procedures for Exporters
State Bank of Pakistan (SBP) instructed banks to purchase the export proceeds from the exporters at the buying rate of… Read More
Electronic Money Institutions Reach Over 1 Million Accounts
With the addition of EMIs in Pakistan’s payments ecosystem, people have started to adopt digital instruments for payments. Electronic Money… Read More
Pakistan May Get $1 Billion Funding Confirmation From UAE This Week
Pakistan is expecting confirmation from the United Arab Emirates of a $1 billion funding guarantee this week which would pave… Read More
Over 25 Million Users Registered With Raast in 2022
Around 25.8 million users have been registered with the Raast payment system by end of 2022 due to its popularity… Read More
Rupee Plunges to New All-Time Low of 288.43 Against US Dollar
The Pakistani rupee (PKR) plunged to a fresh all-time low against the US Dollar and posted big losses during intraday… Read More
