Economy

SBP Monetary Policy Committee Denies Emergency Meeting Rumors

The reports circulating in the media regarding an emergency meeting of the Monetary Policy Committee are entirely unfounded...

Rising Steel Prices Threaten Construction Sector Amid Raw Material Crisis

Introduction In a concerning development for the construction sector, domestic steel prices in the country have experienced a second...

Pakistan Receives $3 Billion Standby Arrangement from IMF to Ensure Fiscal Stability

Islamabad, Pakistan - The International Monetary Fund (IMF) has presented Pakistan with a report detailing a significant $3...

Pakistan Fuel Prices: Petrol Decrease, Diesel Increase – July 2023 Update

In a potential relief for consumers, the price of petrol in Pakistan is expected to decrease by Rs10...

Pakistan Economy Poised for Growth: IMF Predicts 2.5% Expansion

ISLAMABAD – The International Monetary Fund (IMF) has forecasted a 2.5% growth rate for Pakistan's economy in the...

Pakistan’s Credit Rating Upgraded to CCC Positive by Global Credit Rating Agency

Introduction In a significant development, Pakistan's long-term foreign currency issue has received an upgraded rating from CCC negative to...

FBR Announces Increase in Value Rates and Withholding Taxes on Immovable Properties

In an effort to boost revenue generation, the Federal Board of Revenue (FBR) has unveiled its plans to...

EU Considers Extending Pakistan’s GSP+ Status for Another Four Years

The European Union (EU) is currently deliberating on whether to extend Pakistan's Generalized Scheme of Preferences Plus (GSP+)...

Pakistan Receives $3 Billion Standby Arrangement from IMF to Ensure Fiscal Stability

Islamabad, Pakistan - The International Monetary Fund (IMF) has presented Pakistan with a report detailing a significant $3 billion Standby Arrangement (SBA) aimed at...

Pakistan Fuel Prices: Petrol Decrease, Diesel Increase – July 2023 Update

In a potential relief for consumers, the price of petrol in Pakistan is expected to decrease by Rs10 per liter, while diesel prices are...

Pakistan Economy Poised for Growth: IMF Predicts 2.5% Expansion

ISLAMABAD – The International Monetary Fund (IMF) has forecasted a 2.5% growth rate for Pakistan's economy in the current fiscal year. This positive projection...

Pakistan’s Credit Rating Upgraded to CCC Positive by Global Credit Rating Agency

Introduction In a significant development, Pakistan's long-term foreign currency issue has received an upgraded rating from CCC negative to CCC positive by a global rating...

FBR Announces Increase in Value Rates and Withholding Taxes on Immovable Properties

In an effort to boost revenue generation, the Federal Board of Revenue (FBR) has unveiled its plans to raise value rates and withholding taxes...

EU Considers Extending Pakistan’s GSP+ Status for Another Four Years

The European Union (EU) is currently deliberating on whether to extend Pakistan's Generalized Scheme of Preferences Plus (GSP+) status. As a potential backup plan,...

Boosting Trade between Pakistan and Russia: Diversification Beyond Oil

Torkham, Pakistan - In a significant development, the bilateral boosting trade between Pakistan and Russia has taken a new turn with the arrival of...

State Bank of Pakistan Aims to Facilitate Cross-Border Payments for Overseas Pakistanis

The State Bank of Pakistan (SBP) is taking significant steps to establish a cross-border payment system that will provide convenient and cost-free services to...

Haball Selected by State Bank of Pakistan as SCF Multibank Technology Platform Service Provider

Haball, a leading digital solutions provider, has been chosen by the State Bank of Pakistan (SBP) as the Multibank Technology Platform Service Provider for...

Dollar to Reach Rs. 250: Ishaq Dar Forecasts Real Value

In a recent statement, Finance Minister Ishaq Dar expressed optimism about the Pakistani Rupee's growing strength against the US Dollar. Dar claimed that the...