SBP imposes penalty on five banks
The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs57.834 million on five major banks for violating regulatory instructions...
NA committee approves bill for Federal Government Properties Management Authority
The National Assembly’s Standing Committee on Finance and Revenue on Tuesday approved the formation of the Federal Government Properties Management Authority (FGPMA).
FGPMA...
ICAP, ICMAP lock horns for the CA title
ISLAMABAD: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has applied for trade mark registration of the Chartered Accountant title...
IMF sets six new conditions for Pakistan
The International Monetary Fund (IMF) has set six new structural benchmarks (SBs) for Pakistan including preparation of draft Personal Income Tax (PIT)...
Pakistan, China to discuss resumption of cross border trade through Khunjerab
Prime Minister Imran Khan on his visit to China will discuss the issue of the closure of Khunjerab border for trade activities...
Govt working to promote net-metering based solar energy systems, says Hammad Azhar
Federal Minister for Energy Muhammad Hammad Azhar has said that the government and Alternative Energy Development Board (AEDB) have been promoting the...
PM Imran Khan set to embark upon historic China trip today
ISLAMABAD: Prime Minister Imran Khan is all set to meet Chinese President Xi Jinping with a list of measures aimed at seeking China’s...
IMF board approves 6th tranche of loan program for Pakistan
ISLAMABAD: The International Monetary Fund (IMF) board has approved the 6th tranche of their $6 billion Extended Fund Facility program for Pakistan.
Federal...
Pakistan raises $1bn through international Sukuk
The government of Pakistan has successfully raised $1 billion through the issuance of international sukuk.
The Finance Division states that the transaction generated...
OMCs, refineries ask for enhanced trade finance facilities amidst bank fraud investigation
Despite the recent investigation by Federal Investigation Agency into the alleged role of two prominent members of the Oil Companies Advisory Council...
SC suspends LHC’s RUDA verdict, allows govt to continue work on acquired land
The Supreme Court (SC) has suspended the decision of the Lahore High Court (LHC) to scrap the Ravi Urban Development Project and...
Pakistan’s textile exports set to gain edge over South Asian rivals, says Razak Dawood
Adviser to Prime Minister on Commerce Abdul Razak Dawood on Monday said that Pakistan’s textile sector’s exports are set to swell to...
SBP Amendment Bill passes Senate in a rushed vote
The Upper House of the Parliament, Senate on Friday approved the State Bank of Pakistan (SBP) Amendment Bill on Friday.
The bill has...
Punjab govt to appeal in SC for restoration of RUDA
The Supreme Court of Pakistan has dismissed appeals against the interim order to restore the Ravi Urban Development Authority (RUDA) and said...
IMF defers Pakistan’s sixth review until Feb 2
The executive board of IMF has extended the date for the sixth review of Pakistan under the $6 billion extended fund facility...