Caretaker PM approves transfer of Sugar Advisory Board’s control back to Industries & Production Ministry

ISLAMABAD: The caretaker prime minister, Anwaar-ul-Haq Kakar, has granted his approval for the Sugar Advisory Board to be handed over to the...

Why is OPay International acquiring FINJA?

OPay claims it has received SBP approval

Industry on edge as new proposition suggests 24-hour clearing period for stock trades 

The clearinghouse is looking to change the settlement time before changing the infrastructure

Remittances have been on the decline for some time. August’s data shows the trend hasn’t changed

Remittances in FY23 were down by $4.25 billion year-on-year. They have continued to decline in first two months of FY24. Are Pakistanis sending less money home?

IMF gives green signal for electricity relief plan for consumers with 200 units or less

ISLAMABAD: The International Monetary Fund (IMF) has given the go-ahead to the caretaker government to give relief to electricity consumers using 200...

Govt brings down hammer on the economy 

Rupee strengthens as civil and military leadership express the need to stick to tough decisions. 

Exchange companies to be consolidated into one category under SBP reforms

The central bank has given category B exchange companies and franchises a month to decide on an option and approach it for approval.

SIFC held interaction with business community to improve business climate in country

ISLAMABAD: Special Investment Facilitation Council (SIFC) on Tuesday held interaction with the business community to improve business climate in the country.     According to...

SBP likely to hike interest rate in upcoming MPC meeting

As inflation remains elevated, the central bank may raise the policy rate by up to 150 basis points. 

IMF seeks additional details on power sector from Pakistani side

The PM had recently said that the govt will soon announce relief measures without defying international commitments.

Pakistan businesses fear default still imminent, Gallup Survey reveals

This survey is the 10th edition of a quarterly Business Confidence Survey conducted by Gallup Pakistan

Public debt has exceeded 60% of GDP limit under the FRDL Act

The Government’s Total Public Debt stood at Rs 59.247 trillion in March 2023

Yearly inflation drops to 27.4% in August, but challenges loom ahead

Increased fuel costs and dollar rate indicate higher future inflation.

Bearish sentiment prevails as PSX tumble over 1,700 points on rupee’s steep decline

ISLAMABAD: Bears dominated the Pakistan Stock Exchange (PSX) today, causing a sharp decline in the benchmark KSE-100 index by more than 1,700...

FBR surpasses August revenue target by Rs20bn

ISLAMABAD: Federal Board of Revenue has surpassed August revenue target by Rs 20 billion. As per the details, FBR has achieved Rs 669...