Steel industry urges SBP to slash interest ratesÂ
ISLAMABAD: The steel industry in Pakistan is sounding a desperate alarm as it calls upon the State Bank of Pakistan (SBP) to...
Finance committee seeks detail from FBR about $7.5 bn discrepancy in imports
Islamabad: The senate’s standing committee on Finance and Revenue has sought details from the Federal Board of Revenue about discrepancies worth $7.51...
Canadian Mineral Investment Company explores investment opportunities in KPK
PESHAWAR: A high-level delegation of Canadian Mineral Sector Investment Company "TYTAN COPPER", called on the caretaker commerce minister of Khyber Pakhtunkhwa, Dr.Aamir...
Pakistan’s revenue per telecom User 10 times less than the global average: SBP
ISLAMABAD: According to the latest State of Pakistan’s Economy report released by the State Bank of Pakistan, the country’s telecom sector has...
More than two-thirds female engineering graduates jobless: Survey
ISLAMABAD:Â A recent joint research initiative by Gallup Pakistan and Population Research in Identity and Disparities for Equality (PRIDE) has shed light...
ECC approves import of 1mn metric tons of wheat to meet shortfallÂ
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved import of 1 million metric tons (MMT) of milling wheat for...
SBP increases permissible retention limit of IT exporters from 35% to 50%Â
ISLAMABAD: In order to facilitate the IT exporters, and to boost the exports of IT and IT-enabled services, State Bank of Pakistan...
Govt raises Rs1.1tr in short-term debt as T-bill yields decline slightly
The State Bank of Pakistan (SBP) raised Rs 1.09 trillion in short-term debt via a treasury bills (T-bills) auction held on Wednesday....
Govt to start exploring raw materials for fertilisers, batteries
ISLAMABAD:Â The federal government of Pakistan has set in motion ambitious efforts to host exploration missions for phosphate and lithium ores. These...
IMF team will travel to Pakistan next month for first review under SBA Â
ISLAMABAD: The International Monetary Fund (IMF) team will visit Islamabad in the first week of November to review the country's economic performance...
Financial crisis hits two-thirds of KP Municipal Administrations, urgent need for Rs343mnÂ
PESHAWAR: In Khyber Pakhtunkhwa, 92 tehsil municipal administrations are struggling with a severe financial crisis. These administrative bodies, employing 343,000 individuals and...
CCP approves Bank Alfalah’s investment in QistBazaar
ISLAMABAD: The Competition Commission of Pakistan (CCP) has given its nod for Bank Alfalah Limited to acquire a substantial 7.2% shareholding in...
Rupee sees marginal decline after nearly a month of consistent appreciation
The rupee fell by 20 paise in the interbank market. Will it become a downtrend?
Exclusive: China tells banks to roll over local government debts as risks mount – sources
China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with...
Pakistan borrows $3.527bn in first quarter
ISLAMABAD: Pakistan borrowed $3.527 billion from multiple financing sources during the first quarter (July-September) of the current fiscal year 2023-24 (FY24) compared...