The government rejected all the bids for fixed-rate Pakistan Investment Bonds (PIBs) against a target of Rs. 100 billion at… Read More
Govt Launches 1-Year Sukuk for the First Time
The government through the Ministry of Finance has launched the auction of the first-ever 1-year tenure sovereign domestic Ijarah Sukuk… Read More
Rupee Gains Further Ground Against US Dollar 2nd Day in a Row
The Pakistani rupee (PKR) gained further ground and reported gains against the dollar during interbank trade on Wednesday, rising as… Read More
Inflation in Pakistan Could Average 33% in First Half of 2023: Report
While it is highly unlikely that funds from the International Monetary Fund (IMF) will help Pakistan get its economy back… Read More
Banks Are Forcing Customers to Shift to Islamic Banking To Avoid High Interest Payouts
Banks in Pakistan are forcefully converting conventional savings accounts to Islamic accounts in order to avoid paying high interest to… Read More
Federal Cabinet to Donate 1-Month Salary to PM’s Relief Fund for Turkiye and Syria
All Ministers, Ministers of State, Advisors, and special assistants (SAPMs) will donate one month’s salary to the ‘Prime Minister Relief… Read More
Finance Ministry Notifies Special Dispensation for BPS-1-16 Employees
The Finance Division has notified special dispensation for the employees in BPS-1 to BPS-16. According to documents, the Finance division… Read More
SBP to Take Action in Case of Delayed Export Proceeds
The State Bank of Pakistan (SBP) has decided to “initiate necessary action” in all export cases where full export proceeds… Read More
Rupee Makes Big Gains Against US Dollar As Markets React to IMF Talks, New Taxes
The Pakistani rupee (PKR) reversed losses and reported gains against the dollar during interbank trade on Tuesday, rising as high… Read More
Brainchild Communications Adds Spark Foundry Media Brand to its Portfolio
Brainchild Communications Pakistan, the largest full-service advertising agency in Pakistan according to RECMA rankings, has now secured the Spark Foundry… Read More
Pakistan and IMF’s Talks Resume Virtually
Talks between the International Monetary Fund (IMF) and Pakistan continued on Monday, with the latter hoping to unlock critical funding… Read More
NHA Board Okays Rs. 62.9 Billion Annual Maintenance Plan
The National Highway Authority (NHA) Executive Board approved the annual maintenance plan 2022-23 amounting to Rs. 62.917 billion in addition… Read More
