Rashid Mahmood Langrial Takes Charge as FBR Chairman
Rashid Mahmood Langrial has officially assumed the role of Chairman of the Federal Board of Revenue (FBR). He replaced Malik…
Incoming Sukuk Auction for Rs. 100 Billion: Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) is set to conduct its 12th auction of Government Ijarah Sukuk on August 15th, aiming…
Apna Microfinance Bank Seeks to Increase Authorized Capital
Apna Microfinance Bank Limited (AMBL) is proposing to expand its authorized capital from Rs. 5 billion to Rs. 7.5 billion.…
MCB Bank Records Highest-Ever Half-Yearly Profit
MCB Bank Limited has announced its financial results for the first half of 2024, reporting a record-breaking profit before tax…
SBP Launches NIBAF Pakistan, Merging NIBAF and IBP
The State Bank of Pakistan (SBP) has taken a significant step towards strengthening the country’s financial sector by merging its…
World Bank to Provide Pakistan $8.7 Billion Loan for Development Over 5 Years
The World Bank has announced its commitment to extend a loan of $8.7 billion to Pakistan over the next five…
FinMin Emphasizes Public-Private Partnerships’ Role in Development
Federal Minister for Finance Muhammad Aurangzeb held a significant meeting with delegations from Global Consulting Firm Kearney and the Public…
Pakistan’s Trade Deficit Widens by Nearly 20% in July
Pakistan’s trade deficit surged by nearly 20 percent in the first month of the new fiscal year (FY25), July 2024,…
Rupee Ends Week With Massive Gains Against British Pound
The Pakistani rupee (PKR) ended the week with significant gains against the US Dollar, opening trade at 278 in the…
RDA Inflows Fall 11%, Total $200 Million in June
Inflows through the Roshan Digital Account (RDA) totaled $200 million in June 2024, marking an 11% decline compared to the…