In a recent directive issued by the State Bank of Pakistan (SBP), IFPD Circular No. 09 of 2024, the profit-sharing… Read More
Finance Minister, IASB Vow to Improve Reporting Standards in Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of the International Accounting Standards… Read More
Pumps in Punjab, Islamabad Likely to Run Out of Fuel [Updated]
Pump stations in Punjab, Islamabad and Rawalpindi are likely to run out of fuel and cause a shortage in the… Read More
SBP Removes Minimum Profit Rate Requirement From These Deposits
The State Bank of Pakistan (SBP) has exempted certain types of deposits from the Minimum Profit Rate requirement specified in… Read More
Islamic Banks to Pay 75% of Gross Yield as Profit on Savings: SBP
The State Bank of Pakistan (SBP) has decided that Islamic Banking Institutions (IBIs) shall pay profit on their PKR saving… Read More
Pakistan Fails to Attract More Loans in 4 Months Due to IMF Delay
Foreign assistance inflows into Pakistan sharply declined by over 55 percent to $2.7 billion during July-October FY25 compared to $6.05… Read More
New SBP Guidelines Restrict Shariah Board Members to Single Islamic Bank
State Bank of Pakistan (SBP) has revised the terms and conditions for the appointment of Shariah scholars for Islamic banks… Read More
Rupee Appreciates 2nd Day in a Row Against US Dollar to End Exciting Week
The Pakistani rupee (PKR) posted gains 2nd day in a row against the US Dollar (USD) today after opening trade… Read More
Business Consortium Withdraws Offer to Buy 69% Stake in Engro Powergen
A consortium of business entities has withdrawn its public announcement of intention (PAI) to acquire a 68.89 percent stake in… Read More
Price of Petrol, Diesel Likely to Go Up By Rs. 45 Per Liter After New IMF Demand
The price of MS Petrol, High-Speed Diesel (HSD), kerosene oil, and light diesel oil (LDO) will likely spike by Rs.… Read More
IMF to Give $1 Billion Climate Funds to Pakistan After First Review
The International Monetary Fund (IMF) will provide $1 billion in climate financing to Pakistan following the first economic review of… Read More
Govt Will be in a Position to Reduce Tax Rates Soon: Minister of State for Finance
Minister of State for Finance and Revenue Ali Pervaiz Malik said that the government continues to expand the tax base,… Read More
