State Bank of Pakistan Keeps Policy Rate Unchanged at 12% Amid Economic Considerations

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 5 min read

Defying market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has opted to maintain the policy rate at 12%, citing…

Public Funds or Personal Promotion? Petition Challenges Punjab CM’s Ads on Publicly Funded Electric Buses

By Tehniyat Zafar ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Lahore: A legal petition has been submitted to the Lahore High Court (LHC) challenging the display of Chief Minister Maryam Nawaz’s photographs on newly introduced…

Govt Reassesses Export Facilitation Scheme, Targets $60 Billion in Exports

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Islamabad: The first meeting of the committee formed by the Prime Minister to review the Export Facilitation Scheme (EFS) was held under the chairmanship of…

PM Directs Ministers to Hold Sector-Wise Consultations with Business Leaders to Drive Economic Growth

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 4 min read

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday directed the relevant ministries and authorities to engage with the businessmen and prepare within a week for…

FBR Proposes to Reduce Taxes on Real Estate, Beverages and Tobacco Amid Financial Challenges

By Huma Ishfaq ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

ISLAMABAD: To enhance sales volumes and revenue collection, the Federal Board of Revenue (FBR) has suggested lowering the Federal Excise Duty (FED) on beverages and…

IFZA to Establish Free Zone Authority in Pakistan

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

ISLAMABAD: The International Free Zone Authority (IFZA) has signed a Memorandum of Understanding (MoU) with Pakistan’s Board of Investment (BoI) to set up a Free…

SECP Upholds Penalty on VIS Credit Rating Company for Regulatory Violations

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

ISLAMABAD: The Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has dismissed the appeal filed by VIS Credit Rating Company Limited (formerly…

PTC Warns Against Hasty Changes to Export Facilitation Scheme

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 4 min read

ISLAMABAD: The Pakistan Textile Council (PTC) has expressed serious concerns over the Federal Board of Revenue’s (FBR) proposed amendments to the Export Facilitation Scheme (EFS),…

NBP Shutting Down Operations in Central Asia

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The National Bank of Pakistan (NBP) is set to wind down its operations in the capitals of Kyrgyzstan, Azerbaijan, and Kazakhstan in the coming weeks,…

Pakistan’s Services Exports Rise by 6.16% Despite Growing Trade Deficit

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: Pakistan’s services exports saw a 6.16% growth, reaching $4.748 billion in the first seven months of the current fiscal year, compared to $4.472 billion…

Senate Standing Committee Exposes Rs. 60 Billion Corruption in Port Qasim Land Deal, Orders Immediate Action

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Islamabad: In a meeting of the Senate Standing Committee on Maritime Affairs, chaired by Senator Faisal Vawda, the committee reviewed critical issues related to the…

Meezan and HBL Lead as BML and BOP Struggle in Pakistan’s Banking Sector

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

ISLAMABAD: Pakistan’s banking sector reported strong earnings for 2024, but newly released 4Q2024 financial data reveals a growing gap between leading banks and struggling institutions.…

Image to Launch Real Estate Investment Trust for Karachi Properties

By Tech Desk ⏐ 9 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

KARACHI: According to reports, Pakistan’s fashion brand Image is set to launch a real estate investment trust (REIT) next month, targeting two of its properties…

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