The State Bank of Pakistan (SBP) has extended the deadline for reporting monthly statistics on foreign currency deposits and their… Read More
Commerce Ministry to Ask Cabinet to Release 35 Vintage Imported Cars
The Ministry of Commerce (MOC) is all set to seek the federal cabinet’s approval for allowing the release of around… Read More
SBP Keeps Interest Rate Unchanged
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 22 percent. The announcement was… Read More
FBR Proposes to Redefine Sales Tax Fraud to Curb Smuggling
The definition of sales tax fraud has been proposed to be changed to check the smuggling and local trading of goods on which sales… Read More
FBR Empowers DG Law and Prosecution to Resolve Cases Before Approaching Courts
The Federal Board of Revenue (FBR) has authorized the Directorate General of Law and Prosecution to deal with all matters… Read More
State Bank Slaps Rs. 350 Million Fine on 6 Banks
The State Bank of Pakistan (SBP) has imposed penalties of Rs. 350.7 million on six major commercial banks mainly for… Read More
US Federal Reserves Hikes Interest Rate to Highest Level in Over 22 Years
The United States Federal Reserve raised the interest rate on Wednesday, pushing benchmark borrowing costs to their highest level in… Read More
5 SOEs to Sign Deal for Saudi Aramco’s $10-11 Billion ‘Green’ Refinery in Balochistan
Five state-owned entities (SOEs) will today sign a memorandum of understanding (MoU) to finance their equity shares in Saudi Aramco’s… Read More
FPCCI Labels Power Tariff Hike an ‘Anti-Business Measure’
Echoing the collective concerns of the business, industry, and trade community of Pakistan, Irfan Iqbal Sheikh, President of FPCCI, has… Read More
BankIslami Appoints Rizwan Ata As President and CEO
The board of directors has given a promotion to a senior member of the bank’s team by appointing Rizwan Ata… Read More
Banks to Remain Closed for 3 Days on Ashura
Banks will remain closed for three days as the Ashura holidays announced by the government have coincided with Sunday. “The… Read More
Govt to Change CERT Rules to Form Cyber Security Monitoring Council
The federal government has proposed a change in the Computer Emergency Response Team (CERT) rules. Sources in the Ministry of… Read More
