Pakistan’s Current account posted a surplus of $128Mn in Feb
Pakistan’s current account posted a surplus of $128 million in February 2024, in contrast to a revised deficit of $303 million in the previous...
IMF and Pakistan has reached a staff level agreement on final bailout review
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on the final review of a $3 billion bailout, where the country...
MPC decided to hold the Policy rate steady at 22%
The Monetary Policy Committee (MPC) decided to hold the policy rate steady at 22 percent in its meeting held today.
The MPC noted that despite...
MLCF’s subsidiary Novacare to build hospital with $110Mn investment
Novacare Hospitals (Private) Limited, a wholly owned subsidiary of Maple Leaf Cement Factory Limited (PSX: MLCF), will start constructing a state-of-the-art hospital in Islamabad...
CPI Inflation increased to 27.6% in January 2023
CPI Inflation increased to 27.6% on YoY basis in Jan 2023 as compared to an increase of 24.5% in Dec'22 & 13.0% in SPLY....
Pakistan economy: State Bank of Pakistan to continue with monetary tightening
Although there is a strict prohibition against charging interest, a significant number of Islamic banks still rely on interest-based benchmarks like Karachi Interbank Offered...
SBP has raised the Interest rate by 100BPS to 17%
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting has decided to raise the policy rate by 100 basis...
ECP has appointed Syed Mohsin Raza Naqvi as Caretaker Chief Minister...
The Election Commission of Pakistan (ECP) appointed Syed Mohsin Raza Naqvi as interim chief executive for Punjab.
The development came during a meeting held with...
Avanceon has secured contract for one of the largest Oil &...
Avanceon has secured a multi-million-dollar contract to ensure seamless communication and asset monitoring for one of the largest Oil & Gas companies in the...
CM Parvez Elahi ‘signs’ the summary for Punjab Assembly’s dissolution
Punjab Chief Minister Parvez Elahi signed the summary for the dissolution of the provincial assembly, Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry announced...
