Industry

The Pakistan Stock Exchange (PSX) has witnessed eight initial public offerings (IPOs), including two GEM Board offerings, in 2021. These are the record highest offerings after 2015, which have raised Rs. 20 billion, according to a research report by To…

The government has been given a suggestion to impose a sales tax on the actual sales price of sugar to deal with possible tax evasion.According to details, a report containing various suggestions about the sugar sector was presented to the federal cabi…

The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points to 9.75 percent from 8.75 percent, according to a statement issued by the bank.The central bank said that monetary policy settings …

The Pakistani Rupee (PKR) finally held out against the US Dollar (USD) after five consecutive days of losses, and appreciated by one paisa against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.20 against the USD during…

Sui Northern Gas Pipelines Ltd (SNGPL) lost claims of approximately Rs. 19 billion against National Power Parks Management Company Pvt. Ltd. (NPPMCL) in two arbitrations before the London Court of International Arbitration (LCIA).According to the detai…

The Privatization Commission plans to complete the privatization of at least one dozen state-own entities (SOEs) in the next few years.Pakistan Steel Mills (PSM) is also among the list of SOEs that the government wants to privatize. The government had …

The State Bank of Pakistan (SBP) has withdrawn facilities for exporters of Afghanistan and Central Asian Republics (CARs) in response to the growing dollar demand, a situation that has compelled foreigners to conduct business solely through more onerou…

The government received $15.32 billion in fresh foreign loans from multilateral institutions and commercial banks during the previous fiscal year, up over 47 percent from $10.45 billion the year before.According to the ‘Annual Report on Foreign Economi…

The federal cabinet will today decide whether to allow some citizens to exchange old notes until December 31, 2026.Although the old currency notes were declared void almost 5 years ago, the State Bank of Pakistan (SBP) and the Ministry of Finance have …