Pakistan faces a tight fiscal situation, says the International Monetary Fund (IMF). The Fund in its latest Technical Assistance Report… Read More
IHC Grants Temporary Relief to Banks With Poor Lending Record Against Govt Tax
The Islamabad High Court has granted temporary relief to around 12 banks against a government-imposed tax tied to private-sector lending,… Read More
Silkbank Losses Jump 87% to Rs. 12.3 Billion in 2021
Silkbank Limited (PSX: SILK) has finally announced its financial results for the year ended December 31, 2021, whereby the bank… Read More
Rupee Surges 2nd Day in a Row Against US Dollar, Other Big Currencies
The Pakistani rupee (PKR) posted gains 2nd day in a row against the US Dollar (USD) today after opening trade… Read More
Rupee Makes Huge Leap Against British Pound, Other Currencies
The Pakistani rupee (PKR) posted losses 2nd day in a row against the US Dollar (USD) today after opening trade… Read More
Rupee Nears 278 Against US Dollar After 2nd Consecutive Decline
The Pakistani rupee (PKR) posted losses 2nd day in a row against the US Dollar (USD) today after opening trade… Read More
Govt to Spend Rs. 163 Billion on Adding Surplus LNG Stock to National Gas Pipeline
The federal government has decided to spend Rs. 163 billion to redirect imported liquefied natural gas (LNG) from the power… Read More
IMF Orders Pakistan to Introduce Mini-Budget or Cut Fiscal Expenditure
The International Monetary Fund (IMF) has demanded the federal government to impose a mini-budget and cover the Rs. 189 billion… Read More
Pak Rupee Again Depreciates Against US Dollar to Start New Week
The Pakistani rupee (PKR) posted losses against the US Dollar (USD) today after opening trade at 278 in the interbank… Read More
Cut-Off Yields on 1-Year Sukuk Drop by Half in 6 Months Amid Declining Interest Rates
Cut-off yields on 1-year Sukuk have dropped by nearly half in the space of just six months to below 11… Read More
Rupee Ends 4-Day Losing Streak Against US Dollar to End Bad Week
The Pakistani rupee (PKR) reversed its 4-day losing streak against the US Dollar (USD) today after opening trade at 278… Read More
Salaried Class Paid Rs. 368 Billion Withholding Tax in FY24
The salaried class paid Rs. 367.890 billion as withholding tax during 2023-24 as compared to Rs. 264.142 billion in 2022-23,… Read More
