Business
Business
Pakistan’s SBP Lowers Policy Rate to 15% as Economic Conditions Improve
The State Bank of Pakistan (SBP) has reduced its policy rate by 250 basis points to 15%, effective November 5.…
PIA Set for Privatization: Federal Minister Unveils Plans
Federal Minister for Privatisation Abdul Aleem Khan announced the government's definitive plan to privatize Pakistan International Airline (PIA), promising a…
Oxfam Reveals $41 Billion Missing from World Bank Climate Funds
A new Oxfam report released October 17, ahead of the World Bank and IMF Annual Meetings in Washington D.C., up…
Govt to Amend SBP Act to Allow Digital Currencies and Dual Nationals
The federal government has proposed multiple amendments to the State Bank of Pakistan (SBP) Act, which includes provisions to legalize…
BR Denies IMF Rejection of Tax Target Revision Claims
The Federal Board of Revenue (FBR) has refuted claims broadcasted by some electronic media outlets that the International Monetary Fund…
IMF Demands Mini-Budget from Pakistan Due to FBR Tax Collection Failures
The International Monetary Fund (IMF) has instructed Pakistan to introduce a mini-budget due to the Federal Board of Revenue (FBR)…
Failed Privatization Bid for Pakistan International Airlines
The government's initial attempt to privatize Pakistan International Airlines failed. The only bid presented was Rs10 billion, significantly lower than…
SBP to Announce New Monetary Policy on November 24, 2024
The State Bank of Pakistan (SBP) announced that it will release its monetary policy statement on Monday, November 24, 2024.…
FBR Sets New Property Rates in Karachi
The Federal Board of Revenue (FBR) has updated property valuation rates across various areas in Karachi. The rates have been…