Sindh High Court has stopped JS Group from acquiring majority shares of BankIslami till the next hearing. The AKD Investment… Read More
Pakistan Asks China to Roll Over $2 Billion SAFE Deposits
Pakistan has communicated to the International Monetary Fund (IMF) that it has asked China to roll over $2 billion in… Read More
Islamic Institutions to Offer Financial Services in Pakistan
An Islamic financial institution may offer Islamic financial services in the financial services market, sources told ProPakistani on Monday. Officials… Read More
Rupee Gains 2nd Day in a Row Against US Dollar Amid ‘New IMF Demands’
The Pakistani rupee (PKR) gained further against the US Dollar during intraday trade today. The Pakistani rupee was bullish during… Read More
IMF Wants Pakistan to Fulfill ‘Another’ Condition Before Releasing Loan
Pakistan needs to give assurances in advance that its balance of payments deficit is fully financed for the remainder of… Read More
Banks’ Deposit Rate Surges to All-Time High
The minimum deposit rate (MDR) or profit rate offered to customers by different commercial banks surged to an all-time high… Read More
Engro Fertilizer’s Base Plant Undergoes Unplanned Shutdown
Engro Fertilizers Limited (PSX: EFERT) has announced an “unplanned shutdown” of its base plant on March 4th, Saturday. In a… Read More
Pakistan Needs to Show $3 Billion ‘Security’ in Order to Sign IMF Agreement This Week
Pakistan needs to confirm it will get roughly $3 billion in additional funds in order to sign a Staff-Level Agreement… Read More
FBR’s Sales Tax Refund “FASTER” System is Not Working Since January
The Fully Automated Sales Tax e-Refund (FASTER) system of the Federal Board of Revenue is down for the last two… Read More
Gold Prices in Pakistan Decrease by Over Rs. 4,000 Per Tola
Gold prices in Pakistan decreased on Friday after the Pakistani Rupee posted big gains against the US Dollar during interbank… Read More
Weekly Inflation Remains Above 41% Compared to Last Year
The Sensitive Price Indicator (SPI) based inflation for the week ended March 2, 2023, recorded a decrease of 0.30 percent… Read More
Rupee Sharply Recovers Against US Dollar, British Pound, Euro to End the Week
The Pakistani rupee (PKR) reversed yesterday’s substantial losses against the US Dollar during intraday trade today. The Pakistani rupee was… Read More
