The Federal Board of Revenue (FBR) has made it mandatory for outgoing international passengers to declare foreign currency of $5,000… Read More
RCCI Urges State Bank to Reduce Policy Rate
The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed regret over the State Bank of Pakistan’s decision to maintain… Read More
Pakistan’s Growth Stunted by Inefficient Allocation of Resources: WB
Underlying Pakistan’s growth and productivity performance are political economy and governance challenges that hinder sound policymaking and implementation, says World… Read More
IMF Projects Inflation Rate to Remain Over 19% in 2023
The International Monetary Fund (IMF) has projected an inflation rate of 19.9 percent for 2023 against 12.1 percent in 2022.… Read More
SECP Extends IFRS-9 Applicability Date for Non-Banking Finance Companies and Modarabas
The Securities and Exchange Commission of Pakistan (SECP) has extended the effective date for applicability of International Financial Reporting Standard… Read More
Moody’s Downgrades Rating of WAPDA
Moody’s Investors Service has downgraded Pakistan Water and Power Development Authority’s (WAPDA) corporate family rating (CFR) to Caa1 from B3… Read More
iPhone 16 May Have No Ports At All: Analyst
It is no news that Apple will soon be forced to switch to USB-C ports for their iPhones due to… Read More
Remittances Decrease by 12% to $2.4 Billion in September
Workers’ remittances in September decreased by 12.3 percent on a year-on-year (YoY) basis and stood at $2.437 billion compared to… Read More
Pak Suzuki to Pause Production Again For Three Days
Pak Suzuki Motor Company (PSMC) has announced a production suspension for three days in October 2022. It made the announcement… Read More
Honda Extends Production Shutdown in Pakistan
Honda Atlas Cars Limited’s (HACL) production cuts continue due to new CKD import approval measures from the State Bank of… Read More
RUDA Barred From Working on Unpurchased Land
The Lahore High Court (LHC) has barred the Ravi Urban Development Authority (RUDA) from acquiring unpurchased land in defiance of… Read More
Car Prices Have Increased By Almost 47% Since January
Pakistani carmakers have increased the prices by up to 47% in the past 9 months. The companies have attributed the… Read More
