The inflation rate in Pakistan could jump as high as 70 percent if the South Asian economy defaults. Ex-Finance Minister… Read More
Summit Bank’s Shareholders Authorize Rs. 10 Billion Capital Injection
Summit Bank is set to bring stability to its financial management step by step, as the bank’s shareholders authorized the… Read More
World Bank Delays Loans Worth $1.1 Billion By a Fiscal Year
The World Bank (WB) has delayed the approval of two loans totaling $1.1 billion until the next fiscal year, causing… Read More
Symmetry Group Wants to Raise Rs. 430 Million through PSX Listing
Symmetry Group Limited wants to raise Rs. 430.2 million through a stock exchange listing. The Pakistan Stock Exchange (PSX) on… Read More
SBP Will Assist Banks to Convert to Islamic Mode
Deputy Governor of the State Bank of Pakistan (SBP) Sima Kamil said that the banking regulator will facilitate banks having… Read More
Bloodbath at PSX As KSE-100 Falls by Over 1,370 Points Amid IMF Delay
The Pakistan Stock Exchange (PSX) saw a dramatic sell-off during the trading hours, with the benchmark KSE-100 index losing over… Read More
IMF Asks Govt to Increase Energy Prices for Revival of Loan Program
The International Monetary Fund (IMF) has shared its list of prerequisite actions with Pakistan and stated unequivocally that it must… Read More
Rupee At 228.66 Against US Dollar, 20th Consecutive Drop After Bad News from IMF
The Pakistani Rupee (PKR) continued its fall against the US Dollar (USD) for the 20th consecutive day today, with rates… Read More
Visa Appoints Umar Khan as Country Manager for Pakistan
Visa, the world leader in digital payments, has announced the appointment of Umar Khan who will lead its operations in… Read More
Money Changers Suggest Higher US Dollar Rate to Increase Remittances
Exchange companies have proposed that the government raise US dollar rates for remittances in order to reduce currency price movements… Read More
Senate Passes Bill for ‘Limit’ on Bank Loans in Smaller Provinces
Loans to the private sector for projects in small provinces will now only be as high as the bank deposits… Read More
NHA Board Okays Additional Rs. 408 Million for Urgent Rehabilitation of Kayal Bridge
The National Highway Authority (NHA) Executive Board accorded in-principle approval of the revised Engineer’s Estimate and allocation of additional funds… Read More
