Pakistan’s debt rises by 24.45% YoY to Rs62.48tr in October
Domestic debt and liabilities grew by 23.44% year-on-year in October 2023, driven by the issuance of bonds and treasury bills, while the unfunded debt and domestic liabilities declined.
SBP injects Rs454.6bn into market through OMOs
The State Bank of Pakistan (SBP) conducted two types of Open Market Operations (OMOs) on December 5, 2023, in which it injected...
Germany’s KfW development Bank to invest in Pakistan’s power, health sectors
ISLAMABAD: The Ministry of Economic Affairs and KfW, the German government’s development bank, solidified their partnership on Monday with the signing of...
Annual inflation for the month of November recorded at 29.2%
ISLAMABAD: Pakistan’s year-on-year inflation for the month of November clocked in at 29.2 %. This figure was revealed in data released by the...
CCP greenlights Chinese company’s acquisition of renewable energy projectÂ
ISLAMABAD: China's CNNP Rich Energy Co. Ltd. strategically enters Pakistan's renewable energy market through its wholly owned subsidiary, M/s. CRE International Co....
Ambitious first-ever IT export strategy unveiled
ISLAMABAD: Dr. Umar Saif, the Caretaker Minister for Information Technology and Telecommunications, unveiled Pakistan's inaugural IT Export Strategy (ITeS) at a ceremony...
Experts propose agricultural tax to boost Pakistan’s economy
PESHAWAR - Renowned agricultural experts have urged the Pakistani government to consider implementing an agricultural tax system to address the country's economic...
Pakistan’s IT exports surge by 15% in October
ISLAMABAD: Pakistan's IT exports marked a significant 15% growth in October. Exports of $238 million were recorded compared to the previous month's...
Weekly inflation soars due to soar in gas prices
ISLAMABAD: Short-term inflation in Pakistan has witnessed a sharp spike, reaching its third-highest level since May, with a staggering 42 % year-on-year...
SIFC stresses on speeding up the privatisation process of SOEs
ISLAMABAD: Special Investment Facilitation Council (SIFC) has directed all the stakeholders to speed up the process of privatisation of State-Owned-Enterprises (SOEs).
As per...
Almost 2500 new companies registered by SECP in OctoberÂ
The Securities and Exchange Commission of Pakistan (SECP) marked a significant stride in economic development by registering 2,463 new companies in the...
SECP standardizes IPO approval process to boost market efficiency
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken a decisive step towards streamlining the Initial Public Offering (IPO) market...
The IMF is once again pointing towards our SOEs. The solution might have been with us all along.
World Bank has named Pakistan’s SOEs as the worst in Asia
IMF recommends additional tax on retail, real estate, and agricultural sectors
ISLAMABAD: The International Monetary Fund (IMF) has reportedly asked the Federal Board of Revenue to impose additional taxes on the retail, real...
IMF seeks briefing on SIFC’s role
ISLAMABAD: The International Monetary Fund (IMF) has sought a briefing from the Finance ministry on the Special Investment Facility Council (SIFC).
Sources said...