Govt raises Rs466.56bn, cut off yields remain mostly unchanged
KARACHI: The government lifted Rs466.56bn in debt, primarily focused in 3 month T-bills through an auction conducted by the State Bank of...
Fertilizer industry offers support to govt for implementing subsidy scheme for farmers
The Fertilizer Manufacturers of Pakistan advisory council, in a letter to Finance Minister Miftah Ismail on Wednesday, has offered the federal government...
Finance ministry handpicks candidates for NBP president post
ISLAMABAD: The Ministry of Finance has reportedly shortlisted 10 candidates for the post of president/CEO of the National Bank of Pakistan (NBP).
Sources...
Bangladesh announces fuel price jumps by 50pc, stokes inflation fears
DHAKA: Bangladesh raised fuel prices by around 50% on Saturday, a move that will trim the country's subsidy burden but put more...
Saved country from going default, says Miftah
Karachi: Federal Minister for Finance and Revenue Miftah Ismail said that the federal government had made tough decisions and saved the country...
Imports will be controlled for next three months: Miftah
ISLAMABAD: Finance Minister Miftah Ismail on Friday said that the government will be controlling imports for the next three months even if...
UAE to invest $1bn in Pakistani companies: state news agency
DUBAI: The United Arab Emirates intends to invest $1 billion in Pakistani companies across various sectors, state news agency (WAM) reported citing an...
Cash margin requirement of deferred payments slashed
KARACHI: The State Bank of Pakistan (SBP) on Friday reduced cash margin requirements on deferred payments.
According to the details, the cash margin...
Cabinet likely to approve weekly change in fuel prices
ISLAMABAD: The federal government is likely to accept another demand of the International Monetary Fund (IMF) to regulate the petrol prices in...
Govt announces withdrawal of fixed tax on small traders’ electric bills
ISLAMABAD: The federal government on Thursday decided to withdraw the fixed tax regime on electricity bills for small traders who can benefit...
Rupee continues sharp recovery against US dollar
Islamabad: Pakistani rupee (PKR) continues to gain value against the US dollar in the interbank market on Thursday, the local unit has...
Govt to do away with fuel-based power generation plants
ISLAMABAD: The government has decided that no power generation plants producing fuel-based electricity would be installed in the country from now onwards.
This...
SBP cracks down on FX companies and Banks, penalties impose
WEDNESDAY: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by...
PSX witness recovery as KSE-100 index gains over 900 points
Karachi: The benchmark KSE-100 index gained over 900 points during intraday trading on Wednesday as analysts said clarity regarding the International Monetary...
Pakistani rupee makes huge recovery against US dollar
Islamabad: The rupee made huge gains against the US dollar in the interbank market on Wednesday, the rupee appreciated more than Rs9...