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FATF formally removes Pakistan from its grey list

The Financial Action Task Force has announced to formally remove Pakistan from its grey list. This was announced by FATF President T Raja Kumar in Paris on Friday. He said Pakistan had been on the grey list since 2018 and after a lot of work by the Pakistani authorities, they completed a combined 34 action…

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President calls for sensitizing int’l community on increasing trend of Islamophobia

President Dr Arif Alvi has called for fully utilizing the trade potential between Pakistan and France. He was talking to Pakistan’s Ambassador-designate to France Asim Iftikhar Ahmad, who called on him in Islamabad on Friday. He called for holding regular meetings of all bilateral mechanisms and stressed on exploring more opportunities for commercial collaboration, especially…

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Prime Minister Shehbaz Sharif today said that he will not allow provinces to spend valuable forex on importing expensive wheat given the current state of Pakistan’s foreign exchange reserves.

The premier said that the federal government will ensure the supply of wheat to the provinces according to their needs by importing wheat from the international market at cheaper rates. The Prime Minister said that as per the current data, the country has sufficient wheat reserves compared to the demand. He directed the Ministry of…

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Govt Raises Rs. 853 Billion Via Treasury Bills

The cut-off yields on Treasury Bills (T-Bills) were down by up to 2 basis points (bps) in the auction of the paper held on Wednesday. According to the data released by the State Bank of Pakistan (SBP), the government raised Rs. 853 billion against an initial target of Rs. 1.1 trillion and maturity of Rs.…