The Islamic Development Bank (IsDB) has approved $252.5 million of funding for two vital projects in Pakistan aimed to support… Read More
SBP’s New Foreign Currency Rules to Reverse the Negative Trend: Economist
The State Bank of Pakistan (SBP) has updated the regulations governing the selling of foreign exchange to individuals by exchange… Read More
Govt Extends Prize Bonds Encashment Deadline Again
For the fourth time, the Finance Ministry extended the date for encashment of Rs. 7,500, Rs. 15,000, Rs. 25,000 and… Read More
Governor State Bank Assures of a Rate Hike Pause
After delivering Asia’s boldest hikes since September 2021, the State Bank of Pakistan (SBP) will suspend interest rate increases to… Read More
Transparency Int’l Requests Sindh Govt to Examine Allegations of Misappropriation in Karachi’s K-IV Project
Transparency International (TI) Pakistan, an anti-corruption watchdog, has urged the Government of Sindh to address the issue of an alleged… Read More
Pakistani Rupee Manages to Halt Record-Breaking Drop Against the US Dollar Again
The Pakistani Rupee (PKR) finally held out against the US Dollar (USD) and reported zero changes against the greenback in… Read More
IMF Sees Pakistan’s Gross Debt at 83.4% of GDP in 2021
The International Monetary Fund (IMF) has projected Pakistan’s government gross debt at 83.4 percent of GDP in 2021. IMF, in… Read More
Jazz to Provide High Speed Internet on M3 and M5 Motorways
The Ministry of IT and Telecom, through the Universal Service Fund (USF), awarded contracts worth approximately Rs. 300 million to… Read More
Commerce Ministry Delays Trade Policy Announcement
Despite a month-long delay, the Ministry of Commerce is yet to announce the Strategic Trade Policy Framework 2020-25 for local… Read More
SBP Governor Forecasts Current Account Deficit to Go Down After Two Months
Dr. Reza Baqir, Governor of the State Bank of Pakistan (SBP), has stated that Pakistan’s current account deficit (CAD) will… Read More
Pakistan Stock Market Witnesses Highest IPOs after 6 Years
The Pakistan Stock Exchange (PSX) has witnessed eight initial public offerings (IPOs), including two GEM Board offerings, in 2021. These… Read More
SBP Increases Policy Rate by 1%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points… Read More
