The State Bank of Pakistan (SBP) injected Rs10.31 trillion into the banking system on Friday through its Open Market Operation (OMO). This included Rs9.61 trillion disbursed via conventional reverse repo OMO and Rs706 billion provided under Shariah-compliant Modarabah-based OMO.
For the Read More...
Federal Minister of Finance and Revenue Muhammad Aurangzeb said China has played an important role in Pakistan's digital transformation, which is essential for achieving sustainable economic development.
He stated that Pakistan has the third largest population of freelancers worldwide who Read More...
The Revenue Division has proposed a one-time waiver from the government policy that mandates the abolition of 60 percent of vacant posts in field formations, citing difficulties faced by the Federal Board of Revenue in implementing modernization plans.
The proposal was discussed during a Read More...
The Pakistani government has decided to officially notify the International Monetary Fund (IMF) about its decision to reschedule the annual electricity tariff adjustment from July to January. This move is designed to help reduce the financial strain on consumers during the high-demand summer Read More...
The government raised Rs326 billion through the sale of Treasury bills (T-bills) as yields decreased by up to 41 basis points, driven by expectations of a 100-basis-point rate reduction in the upcoming State Bank of Pakistan (SBP) policy review on January 27.
The auction, with a target of Read More...
The Federal Investigation Agency (FIA) Karachi Corporate Crime Circle has arrested a suspect and seized significant amounts of both foreign and local currencies during a raid in the Kharadar Gold Market.
The raid took place at a shop in the Kharadar Gold Market based on credible Read More...
Saudi Crown Prince Mohammed bin Salman informed President Donald Trump during a phone call on Thursday that the kingdom intends to allocate $600 billion to boost trade and investment with the United States in the coming four years.
The Crown Prince noted that the anticipated reforms under Read More...
Pakistan oil and gas production saw a notable decline in the first half of the current fiscal year with oil output dropping by 10 percent and gas production falling by 7 percent according to the latest figures
The primary reasons for the reduction in hydrocarbon production were forced Read More...
The federal cabinet has announced the closure of Utility Stores Corporation (USC) across Pakistan, forming a seven-member committee to manage the shutdown process. This committee, led by the federal minister for Industry and Production, includes the Minister of State for Finance and Revenue, the Read More...
Bank Makramah Limited (BML) has filed a settlement application with the court to recover non-performing loans (NPLs) amounting to approximately PKR 10 billion. This recovery effort targets various companies within the Omni Group and its affiliated entities and follows terms agreed upon in the Read More...
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