HeadlinesFBR collects over Rs1trn tax in a single month
Tax board surpassed the target of Rs4,425bn for the first six months by Rs43bn and collected Rs4,468bn
Jan 1, 2024
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HeadlinesPSX starts new year with strong rally, gains over 2,200 points
Rally was driven by high demand for shares in the oil and gas sectors
Jan 1, 2024
HeadlinesBusiness confidence rises 42% as expectations for the future improve: Gallup survey
Despite the positive trends, the overall confidence of the business community remains low due to persistent economic crises in 2022
Dec 30, 2023
HeadlinesSBP launches 'Sunwai' portal for customer complaints against banks
The portal/app is accessible through web browsers and mobile applications, available on both Android and iOS platforms
Dec 30, 2023
HeadlinesPolitical uncertainty impacted GDP contraction and inflation challenges in FY23, says SBP Governor
Mr. Jameel emphasizes the State Bank’s commitment to preventing high inflation from becoming entrenched and anchoring inflation expectations
Dec 30, 2023
HeadlinesShort-term inflation surges to 43.25% with notable increase in gas rates
The Pakistan Bureau of Statistics reports seventh consecutive week of inflation above 41%, highlighting significant impacts on essential commodities
Dec 30, 2023
HeadlinesGovt injects Rs200b subsidy to tackle power sector circular debt woes
The allocated funds will be utilized to pay gas companies, addressing circular debt to the tune of Rs80 billion
Dec 29, 2023
HeadlinesPSX: Shares’ value rises by 39%, reaching Rs9tr in 2023
Refinery and power sectors lead the market surge; whereas, property, modarabas, and textile spinning emerged as the worst-performing sectors, experiencing declines of 24pc, 11pc, and 7pc, respectively
Dec 29, 2023
HeadlinesGovt to borrow Rs3.88tr from banks in Q1 2024 to address budget deficit
The primary avenue for government borrowing involves fortnightly auctions of market treasury bills and conventional and Shariah-compliant bonds in local currency
Dec 29, 2023
HeadlinesAsian refiners grapple with diesel glut in 2024 amidst Middle East expansion, Chinese exports
The Middle East is anticipated to contribute to the surplus, with Kuwait's Al-Zour and Oman's Duqm refineries increasing output and exports
Dec 29, 2023
HeadlinesSBP sets mechanism for ITM facility in importing input goods
Under the mechanism, the import and export of goods under ITM will be conducted through a single Authorized Dealer for reconciliation and reporting purposes
Dec 28, 2023
HeadlinesSBP designates Bank of Khyber as e-stamping agent in KP
The project will be implemented across the province in phases, contributing to increased revenue collection and ensuring comprehensive data reconciliation
Dec 28, 2023