Pakistan and China forge defence equipment agreements at IDEAS 2024

Several international companies have participated in signing agreements and memorandums of understanding

Auto sector raises alarm over unrestricted CBU imports under NEV policy

Used car imports claim 30% of the market yearly, and CBU imports could further harm the local auto sector, PAMA Director General

Bank financing to private sector hits 44% as deposits decline

The government expects Rs100-197 billion in tax revenue from this measure

Thatta Cement refutes rumors of plant shutdown

Plant is fully operational and no shutdown has occurred, company assures stakeholders 

Govt rejects plan to cut power tariffs by Rs4 due to Rs1.8trn circular debt

Proposal to retire circular debt through public bonds halted; electricity cost relief remains elusive

Foreign exchange rates in Pakistan for today, November 21, 2024

The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin on Thursday.

MG Pakistan marks 100 years with discounts of up to Rs. 2 million

Discount offer will be valid till December 2024

Banks introduce fees on large deposits to meet lending targets, avert tax

FBR considers levy on banks if private sector loans drop below 50% of deposits by year-end

Consumers miss out on Rs60bn relief due to Neelum Jhelum closure, debt adjustments

Nepra highlights financial impact of hydropower outage and solarization on electricity tariffs

Gold price in Pakistan for today, November 21, 2024

Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa...

FBR finalizes plan targeting unregistered high-net-worth individuals

Crackdown to focus on non-filers and zero-income claimants following PM’s directive  

Govt mulls slashing rooftop solar buyback tariff to Rs7.5-11 per unit  

IMF concerns and grid reliance push for tariff revision  

Govt secures Rs350 billion through PIB auction as bond yields hit 20-month low  

Yields fall amid improving inflation outlook and continued monetary easing  

Billionaire Gautam Adani of India’s Adani Group charged in US with bribery, fraud

Adani, others allegedly agreed to pay $265 million bribes; arrest warrants issued for Gautam Adani and nephew

CASA-1000 nations push for Afghan funding revival as transmission project faces delays  

World Bank-led talks to address stalled construction amid funding concerns Â