IMF
S&P Global Report Highlights Six Pakistani Banks in Top 15 of Asia Pacific
3 min read
ISLAMABAD: According to the latest S&P Global Intelligence report released on Wednesday, six Pakistani banks have secured spots in the top 15 of Asia-Pacific’s best-performing…
Pakistan Receives $300M Loan from UBL
2 min read
KARACHI: The government of Pakistan has secured a $300 million loan from United Bank Ltd (UBL) to meet the growing financial needs required to repay…
Federal Cabinet Eliminates 15% Additional Tax on Banks
3 min read
ISLAMABAD: On Friday, the federal cabinet, headed by Prime Minister Shehbaz Sharif, approved a law to raise the ordinary income tax rate for banks to…
FBR Refuses to Release Tax Data to Provinces Over Agriculture Tax Conflict
2 min read
The Federal Board of Revenue (FBR) will not share income tax returns with provincial governments, as they are considered private under Section 216 of the…
80% Chinese-Owned Processing Zone Approved in Balochistan
2 min read
In the Chagai district of Balochistan, a new Export Processing Zone (EPZ) was authorized by the government. The Siah Dik Copper Project, of which China…
Pakistan’s Default Risk Drops 93% as CDS Spreads Hit Lowest Level in Years
2 min read
Pakistan’s sovereign default risk has significantly reduced by 93%, with 5-year CDS spreads dropping to 505 basis points in December 2024, down from a high…
Pakistan’s Tax Revenue from Mobile Phone Users Exceeds Rs3 Trillion as Utility Prices Surge
2 min read
Islamabad: The Ministry of Finance has revealed that over Rs. 3 trillion in taxes has been collected from mobile phone users in Pakistan over the…
Govt Plans Major Reduction in Net Metering Rate
2 min read
The federal government is set to lower the solar net metering tariff to Rs. 7.5-11 per unit, a significant drop from the current rate of…
Report Predicts PSX Will Hit 127,000 by December 2025
3 min read
The Pakistan Stock Market (PSX), fuelled by economic stability and budgetary consolidation, is expected to reach 127,000 by December 2025, representing a 37% return with…
SBP Chief Reports October Remittances Exceed $3 Billion
3 min read
KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development Bank (ADB) this week, and higher foreign inflows are expected…
SBP Eases Policy Rate by 2.5% as Inflation Shows Steady Decline
3 min read
The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the policy rate by 250 basis points to 15 percent, effective…
Record Emigration: Economic Instability Forces Pakistan’s Best and Brightest to Depart
5 min read
Economic challenges are prompting skilled workers to leave Pakistan, resulting in a significant talent drain from banks, hospitals, and multinational companies. Asad Ejaz Butt, a…
First Quarter Sees 60% Decrease in Foreign Aid to Pakistan
2 min read
ISLAMABAD: In the first quarter of the current fiscal year (July-September), Pakistan’s foreign assistance inflows dropped 60% to $2.3 billion, from approximately $5.73 billion in…
