Govt likely to present next fiscal year’s budget in May 2022
The Pakistan Muslim League Nawaz government is likely to present the next fiscal year's budget in May.
Sources said that the economic team...
LSM grows 4.6pc in 8 months, 8.4pc in February
Large Scale Manufacturing Industries (LSMI) production grew by 4.6 percent during the first eight months of the current fiscal year (2021-22) as...
Supernet book-building done and dusted
Supernet Limited, a subsidiary of Telecard Limited, has successfully crossed the Rs475 million it had initially targeted from its initial offering at...
Tiger Global backs Pakistan’s B2B procurement and financing platform Zaraye in $2.1m round
In September 2021, Ahsan Ali Khan, Hashair Junaid, and Taha Iqbal envisioned making procurement of raw materials for buyers and sellers efficient...
Fact check: Pakistan’s total reserves stand at $17bn not $22bn
A number of viral tweets have been going around claiming that at the time of Prime Minister Imran Khan’s departure from the...
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 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...