The approval of two foreign loans worth $700 million has been delayed owing to the federating units’ unwillingness to accept… Read More
Engro Polymer & Chemical Ltd Posts Highest Ever Quarterly Profit During Oct-Dec CY21
Engro Polymer and Chemicals Limited (EPCL) has posted its highest ever quarterly profit after tax of Rs. 4.689 billion for… Read More
Rupee Starts Losing Against US Dollar After 8 Successive Days of Gains
The Pakistani Rupee (PKR) depreciated against the US Dollar (USD) and posted losses in the interbank market today. It lost… Read More
FBR Withdraws 17% Tax on Imports by Foreign Diplomats
The Federal Board of Revenue (FBR) has revoked the 17 percent sales tax imposed last month through the mini-budget on… Read More
Hackers Steal Millions From Silk Bank ATMs in Lahore
A group of unidentified men hacked and cleared 14 Automated Teller Machines (ATMs) of Silk Bank in Lahore on 7… Read More
UBL Wants to Acquire Telenor Microfinance Bank
United Bank Limited (UBL) has also shown its interest in the acquisition of Telenor Microfinance Bank through the purchase of… Read More
Rupee’s Gains Come to a Halt Despite Receiving $1.05 Billion on Friday Night
The Pakistani Rupee (PKR) is persisting against the US Dollar (USD) and posted gains in the interbank market today. Although… Read More
MSCI’s Quarterly Index Review Due This Week
Investment research firm and stock markets index provider, Morgan Stanley Capital International (MSCI), is expected to announce the results of… Read More
Roshan Digital Account Inflows Hit $3.38 Billion
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at a total of $3.38 billion by the end… Read More
GST is Impacting Pakistan’s Export Competitiveness: IMF
Pakistan export competitiveness is impacted because of the cascading effect of General Sales Tax (GST), says the International Monetary Fund… Read More
IMF Urges Creditors to Maintain Exposure to Pakistan
The International Monetary Fund (IMF) has urged all key bilateral creditors to maintain their exposure to Pakistan in line with… Read More
IMF ‘Recommends’ Pakistan to Introduce Multiple New Taxes
The International Monetary Fund (IMF) has strongly recommended Pakistan to withdraw sales tax exemption on fertilizers, pesticides, and tractors, continue… Read More
