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Pakistan Moves Annual Electricity Tariff Adjustment to January

23-Jan-2025
The Pakistani government has decided to officially notify the International Monetary Fund (IMF) about its decision to reschedule the annual electricity tariff adjustment from July to January. This mov...
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Pakistan Moves Annual Electricity Tariff Adjustment to January

Government Raises Rs. 326 Billion Through T-bills as Yields Drop

23-Jan-2025
The government raised Rs326 billion through the sale of Treasury bills (T-bills) as yields decreased by up to 41 basis points, driven by expectations of a 100-basis-point rate reduction in the upcomin...
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Government Raises Rs. 326 Billion Through T-bills as Yields Drop

FIA Seizes Foreign and Local Currency in Kharadar Raid and Arrests Suspect

23-Jan-2025
The Federal Investigation Agency (FIA) Karachi Corporate Crime Circle has arrested a suspect and seized significant amounts of both foreign and local currencies during a raid in the Kharadar Gold Mark...
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FIA Seizes Foreign and Local Currency in Kharadar Raid and Arrests Suspect

Saudi Crown Prince Announces $600 Billion Investment in US Relations

23-Jan-2025
Saudi Crown Prince Mohammed bin Salman informed President Donald Trump during a phone call on Thursday that the kingdom intends to allocate $600 billion to boost trade and investment with the United S...
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Saudi Crown Prince Announces $600 Billion Investment in US Relations

Pakistan Oil and Gas Production Faces Setbacks in FY25

23-Jan-2025
Pakistan oil and gas production saw a notable decline in the first half of the current fiscal year with oil output dropping by 10 percent and gas production falling by 7 percent according to the lates...
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Pakistan Oil and Gas Production Faces Setbacks in FY25

Federal Cabinet Decides to Shut Down Utility Stores Corporation

22-Jan-2025
The federal cabinet has announced the closure of Utility Stores Corporation (USC) across Pakistan, forming a seven-member committee to manage the shutdown process. This committee, led by the federal m...
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Federal Cabinet Decides to Shut Down Utility Stores Corporation

Bank Makramah Limited Files Settlement for PKR 10 Billion NPL Recovery

22-Jan-2025
Bank Makramah Limited (BML) has filed a settlement application with the court to recover non-performing loans (NPLs) amounting to approximately PKR 10 billion. This recovery effort targets various com...
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Bank Makramah Limited Files Settlement for PKR 10 Billion NPL Recovery

Security Papers Limited to Upgrade Plant for New Banknote Series

22-Jan-2025
Security Papers Limited (SPL) has announced plans to modernize its paper manufacturing plant to meet the State Bank of Pakistan's requirements for a new series of banknotes with advanced security feat...
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Security Papers Limited to Upgrade Plant for New Banknote Series

Pakistan Tobacco Board Appeals Against Dissolution

22-Jan-2025
The Pakistan Tobacco Board has formally appealed to Finance Minister Senator Muhammad Aurangzeb to reconsider the federal cabinet’s decision to dissolve the board and transfer its responsibilities to ...
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Pakistan Tobacco Board Appeals Against Dissolution

Pakistan Rejects IMF Mini-Budget Proposal

22-Jan-2025
Pakistan has refused the International Monetary Fund's proposal to introduce a mini-budget to address the revenue shortfall of Rs386 billion recorded during the first half of the fiscal year 2024-25. ...
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Pakistan Rejects IMF Mini-Budget Proposal
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