Inflation was the highest during Pakistan Peoples Party’s (PPP) 2008-13 tenure, second-highest during Pakistan Tehreek-e-Insaf’s (PTI) government, and the least… Read More
KIBOR Surges to Highest Level Since 2009
The six-month Karachi Interbank Offered Rate (KIBOR) has increased by 641 basis points to 14.1 percent, owing to the sharp… Read More
FBR Conducts First Meeting to Discuss Proposals on Budget FY2022-23
The Federal Board of Revenue (FBR) has convened its first meeting to discuss the budget proposals and their revenue implications… Read More
Pakistan to Receive Additional $2 Billion from IMF
Pakistan underwent a major breakthrough in talks with the International Monetary Fund (IMF) as a Finance Ministry official said the… Read More
Pakistan Records its Highest Ever IT Exports in 9 Months of FY 2022
IT export remittances including telecommunication, computer, and information services from July 2021 to March 2022 have surged to $1.948 billion… Read More
Current Account Deficit Stands Higher at $13.17 Billion in 9M FY22
The current account maintained a high deficit of $13.12 billion in the first nine months of the financial year 2021-22… Read More
New Govt Will Not Extend Dr. Reza Baqir’s Tenure As Governor SBP
The new regime does not intend on extending the current State Bank Governor Dr. Reza Baqir’s tenure beyond his scheduled… Read More
Pakistan to Develop Strategic Underground Gas Storage Soon
Pakistan will develop a Strategic Underground Gas Storage (SUGS) costing Rs. 127 billion. The bankable feasibility study in this regard… Read More
OICCI Asks Punjab Govt to Slash GST on Telecom Services to 13%
The Overseas Investors Chamber of Commerce and Industry (OICCI) has asked the Government of Punjab to cut the General Sales… Read More
Auto Financing Surges 27.7% YoY in March 2022
Arif Habib Limited (AHL) recently shared data that shows auto financing rise by Rs. 364 billion in March 2022. This… Read More
NBP Approves Rs. 1.5 Billion for Waves Singer’s Housing Project
National Bank of Pakistan has approved an Rs. 1.5 billion financing for Waves Singer Pakistan Limited to develop an affordable… Read More
i2C Powers American Express Payment Network for Fintechs and FIs Around The Globe
American Express and i2c Inc, a provider of digital payment and banking technology, today announced an expanded global, multi-product agreement… Read More
