ECB and SRB Welcome European Commission’s Legislative Proposals for Bank Crisis Management and Deposit Insurance Framework
The European Central Bank (ECB) and the Single Resolution Board (SRB) welcome the European Commission’s proposed legislative changes to the…
Mortgage Demand from Homebuyers in USA Drops 10 percent as Interest Rates Jump
Now a day’s homebuyers appear to be increasingly sensitive to weekly moves in mortgage rates. While home prices are easing…
Inflation Still ‘too high,’ Fed will Act to Lower it
Federal Reserve Bank of New York President John Williams said that inflation is still at problematic levels and the US…
The Last Date for Encashment of Withdrawn Prize Bonds Extended
The Federal Government has given another opportunity to the public to get the withdrawn prize bonds of Rs7500, 15,000, 25,000…
Over $12 billion Textile Products Exported during July-March FY23
Textile exports reached $12,476.5 million during the first nine months of the current fiscal year (2022-23), the Pakistan Bureau of…
PTCL Group Posts Double Digit Revenue Growth of 23 percent
Pakistan Telecommunication Company Limited (PTCL), the leading provider of telecom and Information and Communications Technology (ICT) services in the country,…
POL Import Bill Contracts by 11.7 percent in July-March FY23
The imports of the overall petroleum group contracted by 11.7 percent during the first nine months of the current fiscal…
CAB Recorded $654 million Surplus in March 2023
The Current Account Balance (CAB) recorded a $654 million surplus in March 2023 against a deficit of $36 million in…
SBP Directs Banks to Implement Sindh Finance (Amendment) Act for Electricity Duty Recovery
The State Bank of Pakistan (SBP) has instructed all banks and microfinance banks to adhere to the guidelines set forth…
PBA Submits Recommendations for Federal Budget 2023-2024 to FBR
The PBA Office has finalized and submitted its recommendations for the Federal Budget of the fiscal year 2023-2024. After thorough…