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...
Security Papers Limited (SPL) has announced plans to modernize its paper manufacturing plant to meet the State Bank of Pakistan's requirements for a new series of banknotes with advanced security features that align with international standards.
According to a notice filed with the Read More...
The Pakistan Tobacco Board has formally appealed to Finance Minister Senator Muhammad Aurangzeb to reconsider the federal cabinet’s decision to dissolve the board and transfer its responsibilities to provincial authorities.
In a letter to the Finance Minister, officials from the Pakistan Read More...
Pakistan has refused the International Monetary Fund's proposal to introduce a mini-budget to address the revenue shortfall of Rs386 billion recorded during the first half of the fiscal year 2024-25. Prime Minister Shehbaz Sharif instructed the Federal Board of Revenue to address this deficit Read More...
Federal Minister for Finance and Revenue Muhammad Aurangzeb informed the National Assembly that Pakistan’s total debt amounted to seventy-one point three trillion rupees as of June twenty twenty-four, representing sixty-seven point four percent of the GDP. This includes external debt of Read More...
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