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December 30, 2021

Govt Raises Rs. 1.26 Trillion from Treasury Bills

The State Bank of Pakistan (SBP) raised Rs. 1.26 trillion against a target of Rs. 1.2 trillion in the most recent treasury bill auction on Wednesday.Despite the big money raise, cut-off yields in the auction had a slight dip in three-month and six-mont…

PIA is Going Paperless Thanks to PITB

The Punjab Information Technology Board (PITB) and Pakistan International Airlines (PIA) have signed a Memorandum of Understanding (MoU) to implement an e-Filing & Office Automation System (e-FOAS) for the national flag carrier.The MoU was signed b…

Federal Govt to Bear Reqo Diq Development Costs: PM Khan

The federal government will cover the entire cost of the development of Reqo Diq, which is one of the world’s largest undeveloped copper and gold mines in Balochistan.Prime Minister (PM) Imran Khan tweeted the declaration after criticism from the provi…

SBP Reserves Plunge by $298 Million

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $298 million (1.64 percent).According to the central bank’s weekly report released on Thursday, the country’s total liquid foreign exchange reserves went down…

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