The Election Commission of Pakistan has issued directions to cancel the recent transfers and postings by the National Accountability Bureau.The NAB had issued transfer and posting orders of its Director Generals of Lahore, Multan and Rawalpindi.The Ele…
Unidentified assailants in Pakistan have within the past week killed two journalists and tortured a renowned columnist, while police arrested a reporter-anchor-turned-host of a top YouTube political show amid allegations of a government crackdown on di…
The State Bank of Pakistan (SBP) will likely raise the interest rate by up to 100 basis points (bps) in the upcoming Monetary Policy Committee (MPC) meeting scheduled for July 7 (Thursday).The previously recorded highest interest rate was 14 percent, h…
In an effort to provide relief to the public, Prime Minister Shehbaz Sharif has given the go-ahead to continue the targeted subsidy on five essential items for the fiscal year 2022-23 (FY23).The targeted subsidy on wheat flour, sugar, ghee/edible oil, …
Proton Holdings has recorded the highest rise in exports in its history, with Pakistan being its biggest market. According to its sales figures for H1 CY2022, the company sold 60,124 units from January to June, recording an increase of 3.9 percent year…
The total cement sales (domestic and exports) stood at 52.89 million tons during the fiscal year 2021-22 (FY22) which is 7.91 percent lower than 57.43 million tons during the last fiscal year.The domestic uptake during FY22 reduced by 1 percent to 47.6…
Over the past few years, the real estate industry has expanded rapidly in Pakistan due to a number of factors. For instance, the demand for houses for rent in Karachi has increased because the city has become a hub of opportunities for many young profe…
Pakistan’s textile exports increased by 25.5 percent during the fiscal year 2021-22 (FY22) and stood at $19.35 billion compared to $15.42 billion in the fiscal year 2020-21 (FY1).The textile exports increased by 4.2 percent on a year-on-year (YoY) basi…
The State Bank of Pakistan has adopted four additional Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah standards to further enhance Islamic Banking in the country.Strengthening Shariah compliance in the Islamic …
