The National Assembly (NA) has passed the contentious Finance (Supplementary) Bill, sometimes known as the “mini-budget,” in the penultimate hour of the day, in a longer session with fierce resistance from opposition benches.The NA approved the governm…
State Bank of Pakistan’s (SBP) data has revealed that private sector borrowing from banks crossed an all-time high of Rs. 1 trillion during the first half of the current fiscal.The private sector borrowed a total amount of Rs. 1.013 trillion from July …
The cut-off yields on the auction of market treasury bills (T-Bills) dropped by 14 basis points despite an increase in the interest rate.The government raised Rs. 730 billion from the auction according to data released by the State Bank of Pakistan (SB…
Bank Alfalah Limited (BAFL) has started sending SMS alerts, warning its customers against carrying out cryptocurrency transactions through its banking channels.The bank opines that all virtual assets/cryptocurrencies are illegal and its customers shoul…
Regal Automobiles Industries Limited has planned to get listed at Pakistan Stock Exchange (PSX) to generate funds of around Rs. 800 million for setting up set up an assembly line for the manufacturing of electric cars in Pakistan.The company will float…
National Price Monitoring Committee (NPMC) of the Ministry of Finance has expressed concerns about the marginal increase in sugar prices across various cities during a recent meeting. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, preside…
The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) for the second consecutive day in the interbank market today. It gained 40 paisas against the greenback after hitting an intra-day high of Rs. 175.87 against the latter during today’s o…
The government has decided to conduct a comprehensive third-party security audit of the Federal Board of Revenue (FBR) to determine any vulnerabilities in the system, as it is constantly subjected to cyber-attacks.Official documents of the bureau have …
An EU mission, the panel was informed, will visit Pakistan in February in connection with the extension of Good Governance and Sustainable Development (GSP Plus) status. It will monitor the situation of human rights, women rights, minority rights, labo…
Pakistan Single Window (PSW) has introduced a new feature to enable the subscription of companies having only foreign nationals as directors.The new functionality allows both local and foreign-owned companies that do not have a Pakistani national as “D…
