The Economic Advisor’s Wing of the Finance Division has reckoned that Pakistan’s economy is on the road to recovery, despite… Read More
Govt Has a Plan to Reduce Circular Debt by Rs. 300-400 Billion
The government is considering reducing circular debt by almost Rs. 300-400 billion by paying dividends to shareholders of energy sector… Read More
Saudi Arabia and Pakistan Sign Deposit Agreement for $3 Billion Facility
A deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government… Read More
Tarin Inaugurates Pakistan’s First Professional Clearing Member for Capital Markets
In a landmark achievement in Pakistan’s capital market landscape, Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin… Read More
Finance Division’s Proposals in Revised Draft of SBP Amendment Bill Outrightly Rejected by IMF
The International Monetary Fund (IMF) has outright rejected the Finance Division’s proposal in the revised draft of the State Bank… Read More
Govt Hands Over Telephone Industries of Pakistan to NRTC
The government has handed over the loss-making entity, the Telephone Industries of Pakistan (TIP), to the National Radio and Telecommunication… Read More
Fitch Expected to Retain Pakistan’s “B-” Rating
Pakistan’s recent policy adjustments, demonstrated access to external financing, and its commitment to a market-determined exchange rate has offset rising… Read More
Foreign Debt Increases to Almost 4 Billion in the First Quarter of FY22
The government incurred foreign debt of $3.898 billion from multiple financing sources in the first four months (July-October) of 2021-22… Read More
SBP Increases Policy Rate by 1.50%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Friday raised the policy rate by 150 basis points… Read More
Pakistan’s Car Financing Segment Breaks Another Record
The rapid upsurge of car financing is persisting despite the recent rise in car prices and other concerns such as… Read More
Afiniti Chairman and CEO Steps Down After Sexual Assault Allegations
Muhammad Ziaullah Khan Chishti has been relieved of his duties as the Chief Executive Officer and Director of the revolutionary… Read More
IMF is Pushing for More Taxes and Reforms: Chairman FBR
The International Monetary Fund (IMF) is demanding an increase in Personal Income Tax (PIT) and Corporate Income Tax (CIT) and… Read More
