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...
SBP has sold T-bills worth Rs185bn and yields drop by up...
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs184.66 billion for 3,6 and...
Pakistan’s economy to grow by 2-2.5% this FY: Shamshad
Caretaker Finance Minister Dr Shamshad Akhtar projected on Saturday that the country's economic growth will rebound by 2-2.5% in the current fiscal year.
Virtually addressing the 'IPO...
Gold rates increase by Rs. 300 per tola
The per tola price of 24 karat gold increased by Rs. 300 and was sold at Rs. 215,300 on Saturday compared to its sale...
IMF revises deficit upward to 7.7pc of GDP
The International Monetary Fund (IMF) has upward revised the budget deficit (excluding grants) to 7.7 percent of the GDP for the current fiscal year...
MARI hits success with second Ghazij Well in Sindh lease
Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested the second appraisal well in the Ghazij formation in the Mari Development and...
New structural benchmarks set by IMF
The International Monetary Fund (IMF) has set two new structural benchmarks (SBs) for Stand-By Arrangement (SBA) including (i) notification of the December 2023 semi-annual...
