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Global Footprint: BOP to establish Wholesale Banking Unit in Bahrain and Representative Office in UAE”
The Board of Directors of the Bank of Punjab (BOP) has approved the business plan to establish a Wholesale Banking Unit in the Kingdom...
MARI’s subsidiary secure mineral exploration licenses in the Chagai district of Balochistan.
The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses EL-322 and EL-323, and allotted area of 501.03 sq. km and 512.76...
Government Greenlights Tax-Heavy Budget Ahead of Crucial IMF Loan Talks
Pakistan’s parliament on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new bailout with...
KSE 100 Skyrockets to Historic 78k Milestone!
The Pakistan Stock Exchange (PSX) experienced a buying frenzy as the benchmark KSE-100 index surged by over 1,500 points during the opening hours of...
Govt has increased the Petrol prices by Rs. 30/litre
Finance Minister Miftah Ismail announced a hike in the price of petroleum products after the International Monetary Fund (IMF) emphasized the termination of subsidies...
SBP raised the Policy rate by 150BPS to 13.75%
The MPC of the State Bank of Pakistan has decided to raise policy rate by 150bps to 13.75%.
This is the highest interest-rate level...
Foreign Direct Investment recorded Net Inflow of $170.6Mn in April, 2022
The Foreign Direct Investment (FDI) recorded an inflow of $170.6Mn during the month of April against the outflow of $30.4mn recorded in March 2022.
While...
Pakistan’s Current Account Deficit shrinks by 39% MoM to $623Mn in...
Pakistan reports Current Account Deficit of US$623Mn during the month of Apr‘22 as compared to a deficit of US$1,015 mn in Mar’22. The decline...
Govt has imposed ban on the Import of Non-Essential Luxury Items
The government has imposed a ban on the import of 38 non-essential Luxury Items under an "Emergency Economic plan".
Under the new policy, the import...
System Ltd to acquire 100% stake in National Data Consultant
Systems Limited has entered into a term sheet with the sponsor shareholders of National Data Consultant (Pvt.) Limited (“NdcTech”) for the acquisition of 100%...