Finance Minister Reviews FBR’s Revenue Collection Strategy
The Federal Minister for Finance, Muhammad Aurangzeb, visited the Federal Board of Revenue (FBR) headquarters to review the progress of…
MSCI Index to Add 7 Pakistani Companies, Delete TRG
The upcoming MSCI review scheduled for August 12, 2024, is expected to bring significant changes to Pakistan’s representation in the…
SECP Seeks to Boost Short-Term Sukuk Market in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has issued concept papers to stimulate the growth of the short-term listed…
KIBOR Hits 18-Month Low, Signaling Potential Rate Cuts
The Karachi Inter-Bank Offered Rate (KIBOR), a key benchmark interest rate in Pakistan, has reached an 18-month low. This decline…
Pakistan Secures $16 Billion Debt Rollover, Faces Inflation Challenges
The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, has announced that Pakistan will receive a significant $16 billion debt…
IMF Rejects Pakistan’s Request for Stationery Tax Exemption
The Pakistani government has faced a setback in its negotiations with the International Monetary Fund (IMF) regarding tax relief on…
KIBOR Plummets to 17-Month Low Following T-Bill Auction
The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), a key benchmark for lending rates, has dropped to its lowest level in…
Meezan Bank Reports Record-Breaking Quarterly Profit of Rs. 26.7 Billion
Meezan Bank Limited has announced its financial results for the second quarter of 2024, revealing a record-breaking profit of Rs.…
SBP Reserves See Modest Increase, Totaling $9.153 Billion
The State Bank of Pakistan (SBP) has reported a slight increase in its foreign exchange reserves. According to the central…
Meezan Bank Reports Record-Breaking Quarterly Profit
Meezan Bank Limited has announced its highest-ever quarterly earnings, recording a remarkable profit of Rs. 26.7 billion for the second…