The federal government will retain the power to appoint the Board of Directors (BoD) of the State Bank of Pakistan (SBP).… Read More
Moody’s Assigns B3 Rating to Pakistan’s US Dollar-Denominated Sukuk Offering
Moody’s Investors Service (“Moody’s”) has today assigned a B3-backed senior unsecured rating to the proposed US dollar-denominated trust certificates (Sukuk)… Read More
IMF to Discuss Pakistan’s Loan Program on 28 January
The International Monetary Fund (IMF) has convened its next meeting of its Board of Directors for Pakistan for 28 January… Read More
Pakistan to Issue Dollar Sukuk Bonds in Global Market
The Islamic Republic of Pakistan will soon issue seven-year Dollar Sukuk bonds in the global bond market, reported Bloomberg on… Read More
Govt on Schedule to Present New Fiscal Year’s Budget in June
The government is likely to present the budget for the next financial year i.e. 2022-23 in June 2022, suggests the… Read More
Cabinet to Review Amnesty Scheme for Foreigners Tomorrow
The federal Cabinet will meet tomorrow to review and possibly promulgate the Ministry of Interior’s proposed amnesty scheme for overstaying… Read More
Atif Mian Blames Govt for The Failing Economy
Pakistan’s economy is a mess because of a ‘broken economy decision-making system’ where those in charge have repeatedly failed to… Read More
Govt Asks NHA to Share Profits From M6 Motorway
The Executive Committee of the National Economic Council (ECNEC) has asked the National Highway Authority (NHA) to share the profit… Read More
SBP Updates Data Collection Software for Tracking Foreign Exchange Record
The State Bank of Pakistan (SBP) has updated the software and reporting mechanism to ensure the track record of foreign… Read More
Private Sector Borrowing Drops From 5.3% to 1.2% in 20 Years
Banks’ loans to the private sector dropped from 5.3 percent of GDP to 1.2 percent in the last 20 years,… Read More
Chinese Firms May Relocate Facilities to Pakistan if US Trade Spat Worsens
Chinese firms are considering relocating their manufacturing facilities to Pakistan under the infrastructural framework of the China Pakistan Economic Corridor… Read More
National Assembly Finally Passes Finance Bill 2021 Into Law
The National Assembly (NA) has passed the contentious Finance (Supplementary) Bill, sometimes known as the “mini-budget,” in the penultimate hour… Read More
