Securities & Exchange Commission of Pakistan (SECP) has issued Microfinance License to a newly established “Non-Banking Microfinance Company” namely SAFCO… Read More
SECP Enhances Investment Limits for Insurance Companies to Invest in ETFs
The Securities and Exchange Commission of Pakistan (SECP) has allowed insurance companies to invest in open-ended mutual funds including Exchange… Read More
Rupee Loses Big Against US Dollar As Oil Bill Spoils IMF News
The Pakistani Rupee (PKR) once again reversed gains against the US Dollar (USD) and posted losses in the interbank market… Read More
Rupee Recovers Against Major Currencies After IMF News
The Pakistani Rupee (PKR) halted losses against the US Dollar (USD) and posted gains in the interbank market today. It… Read More
BlueEx Plans to Set Up Subsidiary for International Services
Universal Network System Limited (BlueEx) plans to set up a local subsidiary in collaboration with international partners to tap into… Read More
Dollar Equals Euro for the First Time in Pakistan’s History After Today’s PKR Crash
The Pakistani Rupee (PKR) halted gains against the US Dollar (USD) and posted huge losses in the interbank market today.… Read More
France and Pakistan Ink €22 Million Credit Facility Agreement for Lahore Fort Restoration
Federal Secretary for Economic Affairs Division (EAD), Mian Asad Hayaud Din, Ambassador of the French Republic, Nicolas Galley, and Country… Read More
SBP Reserves Drop $493 Million to Sink Below $10 Billion Again
The foreign exchange reserves held by the central bank witnessed an outflow of $493 million in the week that ended… Read More
Energy Crisis to Worsen as Pakistan Fails to Attract Bids for $1 Billion LNG Tender
Pakistan’s energy crisis is expected to draw out for months following another botched effort by the South Asian nation to… Read More
SBP Raises Interest Rate by 1.25%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Thursday raised the policy rate by 125 basis points… Read More
Rupee Halts Losses Against US Dollar Ahead of SBP Decision
The Pakistani Rupee (PKR) halted losses against the US Dollar (USD) and posted marginal gains in the interbank market today.… Read More
SBP Adds More Items to Import Watchlist
In order to check the outflows of foreign exchange, the State Bank of Pakistan (SBP) has further tightened its policy… Read More
