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SBP’s $9 Billion Market Intervention in 2024 Stabilizes Reserves Amid Debt Challenges

07-Jan-2025
The State Bank of Pakistan (SBP) purchased over $9 billion from the local market in 2024 to stabilize foreign exchange reserves, marking a record intervention. This disclosure was made by Governor Jam...
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SBP�s $9 Billion Market Intervention in 2024 Stabilizes Reserves Amid Debt Challenges

Private Sector Borrowing Soars to Rs1.9 Trillion in First Half of FY25

07-Jan-2025
The private sector borrowed an unprecedented Rs1.9 trillion from banks during the first half of FY25, marking a staggering 265% increase compared to Rs521 billion in the same period last fiscal year, ...
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Private Sector Borrowing Soars to Rs1.9 Trillion in First Half of FY25

Federal Tax Ombudsman Doubles Complaint Resolutions in 2024, Setting New Benchmark

07-Jan-2025
The Federal Tax Ombudsman’s office achieved a significant milestone in 2024 by resolving 2,442 complaints, more than double the 1,066 complaints addressed in 2023. This remarkable progress reflects th...
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Federal Tax Ombudsman Doubles Complaint Resolutions in 2024, Setting New Benchmark

PITB and Punjab Excise Launch E-Auction for Premium Vehicle Numbers

07-Jan-2025
The Punjab Information Technology Board (PITB), in partnership with the Punjab Excise and Taxation Department, has officially commenced the registration process for the January e-auction of premium ve...
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PITB and Punjab Excise Launch E-Auction for Premium Vehicle Numbers

PSBA Raises Concerns Over Tax Amendment’s Impact on Stock Market

07-Jan-2025
The Pakistan Stockbrokers Association (PSBA) has raised concerns regarding the potential negative impact of a proposed tax amendment on the stock market and investors. In a letter to Senator Aurangzeb...
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PSBA Raises Concerns Over Tax Amendment�s Impact on Stock Market

UAE Rolls Over $2 Billion Loan: PM Shehbaz Shares Economic Outlook

07-Jan-2025
Prime Minister Shehbaz Sharif announced on Tuesday that the United Arab Emirates (UAE) has agreed to roll over a $2 billion loan originally due in January.During the federal cabinet meeting, the prime...
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UAE Rolls Over $2 Billion Loan: PM Shehbaz Shares Economic Outlook

PPL Finalizes Settlement with Iraqi Midland Oil Company

06-Jan-2025
Pakistan Petroleum Limited (PPL) has confirmed that its subsidiary, PPL Asia E&P B.V. (PPLA), has received $6 million from Midland Oil Company (MdOC), an Iraqi state-owned enterprise, as part of a...
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PPL Finalizes Settlement with Iraqi Midland Oil Company

Suhail Jute Mills Faces Revival Challenges Amid Funding and Land Sale Delays

06-Jan-2025
Suhail Jute Mills Limited (PSX: SUHJ) continues to face significant obstacles in securing working capital and settling creditor liabilities, delaying the restart of its commercial operations.As detail...
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Suhail Jute Mills Faces Revival Challenges Amid Funding and Land Sale Delays

SBP Amendment Bill: A Game-Changer in Pakistan’s Financial Landscape

06-Jan-2025
The passage of the State Bank of Pakistan (SBP) Amendment Bill on January 28, 2022, was far from smooth. Approved by a razor-thin margin of just one vote (43 in favor, 42 against), the bill faced fier...
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SBP Amendment Bill: A Game-Changer in Pakistan�s Financial Landscape

IMF Rejects Pakistan’s Request, Demands Gas Levy on Captive Power Plants

06-Jan-2025
The International Monetary Fund (IMF) has declined Pakistan’s request to revise a critical structural benchmark under its $7 billion Extended Fund Facility (EFF), according to Dawn. The IMF has insist...
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IMF Rejects Pakistan�s Request, Demands Gas Levy on Captive Power Plants
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