HeadlinesFBR initiates overhaul of Customs operations with 16 working groups
The initiative aims to evaluate and, if necessary, amend current laws and procedures
Dec 28, 2023
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HeadlinesProfit repatriation by foreign investors jumps 312% to $532m in five months
The State Bank of Pakistan attributes the rise in repatriation to the easing of capital controls that were imposed last year to deal with the foreign exchange crisis
Dec 28, 2023
HeadlinesFinance Ministry forecasts decline in inflation to 24-25% in January
The recent reduction in petrol and diesel prices is projected to offset inflationary pressures resulting from previous petrol price hikes
Dec 28, 2023
HeadlinesPSX rebounds after record plunge, closes above 60,000 mark
Benchmark KSE-100 index surged by 2.86%, or 1,692.65 points, to close at 60,863.62 level.
Dec 27, 2023
HeadlinesOrganic Meat Company approves expansion plan of production facilities
Substantial expansion of TOMCL’s existing meat chilling and freezing capacities involves an increased investment of Rs600 million
Dec 27, 2023
HeadlinesBank lending to private sector stays negative, highlighting economic challenges
From July 1 to December 15, the private sector witnessed a net debt retirement of Rs41 billion, in contrast to a net borrowing of Rs141 billion recorded during the corresponding period last year
Dec 27, 2023
HeadlinesExports to Middle East surge by 29% to $1.26bn in July-November
In the previous fiscal year, Pakistan's exports to the Middle East had contracted by 12.62% to $2.332 billion from $2.669 billion in the preceding year
Dec 27, 2023
HeadlinesTPL Properties to list its REIT Fund I on PSX
The fund will be offered to the public through a fixed-price listing
Dec 26, 2023
HeadlinesMassive sell-off wipes out 2,500 points from PSX
KSE-100 index settles at 59,170.97 points, down by 4.11% from the previous close
Dec 26, 2023
HeadlinesFBR releases procedure for online business licenses
Member Digital Initiatives will appoint an officer of at least the rank of Additional Commissioner as the convener of the licensing committee
Dec 25, 2023
HeadlinesStock market emerges as top performer in major asset classes in 2023
Research says the market provided highest 53% returns; other investment options such as Naya Pakistan Certificate provided 33%, US Dollar 21%, and Gold 18%; real estate also showed signs of recovery
Dec 25, 2023
HeadlinesGovt confronts escalating debts, liabilities of Rs2,333bn in PSEs
The three primary loss-making entities are PIA with debts and liabilities of Rs180.6 billion as of September 2023, followed by Wapda at Rs92.6 billion and Pakistan Steel Mills at Rs40.3 billion
Dec 25, 2023