Pakistan to import 32.7mn barrels of oil under Saudi facility this year
Pakistan will import around 32.7 million barrels of crude oil this year under the $1.2 billion Saudi facility that allows Islamabad to...
RDA inflows surge to $3.92bn in March, 2022
Inflow of remittances under Roshan Digital Account (RDA) rose to $3.92 billion by the end of March, 2022 as compared to $3.632...
Backed by Kleiner Perkins, former SAPM Tania Aidrus kickstarts digital bank venture
Backed by international venture capital firm Kleiner Perkins, former SAPM on Digital Pakistan Tania Aidrus is set to launch a digital bank,...
FBR freezes bank accounts of Zong alleging income tax default
The Federal Board of Revenue has frozen the bank accounts of China Mobile Pakistan Limited (Zong), accusing the company of "income tax...
Losses continue for Telenor Microfinance Bank
Telenor Microfinance Bank posted a loss of Rs10 billion in 2021 as per the latest annual report. The bank has now been...
Cash-strapped PSO’s receivables reach Rs509bn
Faced with serious financial constraints, Pakistan State Oil (PSO) has asked the government to release funds to Sui Northern Gas Pipelines Limited...
FBR freezes Telenor Pakistan’s bank accounts in recovery action, company files for stay
The Federal Board of Revenue (FBR) has frozen the bank accounts of Telenor Pakistan, alleging income tax default amounting to approximately Rs3.5...
FBR collects sales tax of Rs26.5bn from sugar sector
The Federal Board of Revenue (FBR) has collected Rs26.5 billion sales tax from sugar sector in the current crushing season as against...
China to open Khunjerab border from April 1
After keeping the only land route between Pakistan and China closed for over two years following the outbreak of Covid-19 pandemic, China...
IMF wants further discussion on industrial promotion package
The International Monetary Fund (IMF) has indicated to the Pakistani economic team the need for some further discussions on the industrial promotion...
Afghan, Gwadar chambers explore “Gwadar trade activities”
In order to boost up commercial and business activities in Gwadar, Gwadar Chamber of Commerce and Industry (GCCI) explored Gwadar trade activities...
ADB approves $300mn loan to develop Pakistan’s capital markets
The Asian Development Bank (ADB) Tuesday approved a $300 million loan to further develop Pakistan’s capital markets, promote private investment in the...
US court rejects Pakistan’s request for stay in Reko Diq case
The United States district court of Columbia has dismissed Pakistan’s motion for a stay regarding the enforcement of the $6 billion fine...
Rupee crosses 180-mark against US dollar
The downtrend in the local currency persisted on Thursday and the rupee fell to a fresh all-time low at Rs180.07 against the...
What’s ahead for Pakistan’s startups?
It’s been a little over three months since the year 2022 started and Pakistan’s startups have announced raising investments worth $130 million....