Inflation will not be reduced in the coming months: PML-N
The economic team of the Pakistan Muslim League Nawaz in a briefing said that inflation will not be reduced in the coming...
Economic takeaways from the new PM’s speech in parliament
After weeks of political turmoil in the country that led to a constitutional crisis and culminated in the removal of Imran Khan...
Debt to GDP ratio falls to 72pc in FY21, 67pc till Dec FY22
Public debt, as a percentage of Gross Domestic Product (GDP), decreased to 72 per cent during the fiscal year 2021, from 76.6...
PSX gains 658 points as bulls stage comeback
Pakistan Stock Exchange (PSX) turned bullish on Friday, a day after the Supreme Court ruled to end political uncertainty in the country,...
SBP hikes policy rate by 250 bps to 12.25%
In an emergency meeting, the State Bank of Pakistan announced a 250 bps policy rate hike bringing the policy rate to 12.25%.
In...
SBP receives 20 applications for digital bank licences
The State Bank of Pakistan (SBP) received an overwhelming response for digital bank licences, as 20 applications were received from a diverse...
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 ventureÂ
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...