Moody’s Investors Service (Moody’s) has downgraded to Caa3 from Caa1 the long-term deposit ratings of five Pakistani banks: Allied Bank… Read More
PBA, Avanza Ink Deal to Develop Pakistan’s First Blockchain-Based Banking Platform
The Pakistan Banks’ Association (PBA) has signed a project agreement with the Avanza Group to develop and implement the country’s… Read More
Default Risk Will Not Subside Even After IMF’s Bailout: Miftah
Former Finance Minister Miftah Ismail believes that even if Pakistan receives the $1 billion bailout from the International Monetary Fund… Read More
FBR’s Customs Committee Imposes Sales Tax on Imported Textbooks, Literary Works and Much More
The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed a sales tax on the import of… Read More
Govt Goes After Modarabas Companies Defrauding Citizens in the Name of Religion
The government will not allow financial frauds and scams committed by the fraudulent Modarabas companies in the name of Islam.… Read More
SBP Reserves Rise for 3rd Consecutive Week
The foreign exchange reserves held by the central bank registered their third consecutive weekly increase, according to data released by… Read More
Gold Prices Again Cross Rs. 200,000 Thanks to Rupee Crash
Gold prices in Pakistan surged massively on Thursday after the Pakistani Rupee plummeted by Rs. 19 against to a new… Read More
Bond Holders Expect Pakistan to Default on $7 Billion Debt Amid IMF Deadlock
Bondholders are bracing for a possible default by Pakistan, which is struggling to meet billions of dollars in debt repayments… Read More
Ishaq Dar Claims Elements Spreading Rumors About Default are ‘Anti-Pakistan’
Under-fire Finance Minister Ishaq Dar on Thursday once again ruled out the possibility of any default and reiterated his stance… Read More
SBP Announces Huge Increase in Interest Rate After Emergency Meeting
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Thursday raised the policy rate by 300 basis points… Read More
Pakistan Received $6.13 Billion Foreign Loans in 7 Months of FY23
The government has borrowed $6.134 billion from multiple financing sources during the first seven months (July-January) of 2022-23 compared to… Read More
Govt to Borrow Via Instruments Other Than Sukuks, NPCs As Money Problems Persist
The government has decided to re-pledge assets approved by the cabinet for Sukuks and Investment in Islamic Naya Pakistan Certificates… Read More
