The State Bank of Pakistan (SBP) has strengthened tracking of cross-border foreign currency payments via its Regulatory Approval System (RAS), the regulator said in a circular on Monday.
To allow enhanced tracking of their cases, Banks will now be a…
The federal government has vowed to the International Monetary Fund (IMF) not to give any new fuel subsidies next fiscal year.
Authorities have committed to protecting low-income consumers, avoiding new subsidies, and refraining from netting out cro…
The price of gold in Pakistan fell by over Rs. 1,000 per tola on Monday to settle at Rs. 242,300.
According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 1,200 per tola to Rs. 242,300, while the price of…
The International Monetary Fund (IMF) has recommended that Pakistani authorities withdraw/eliminate all incentives for savings and financial investors in the upcoming fiscal year budget.
Sources told ProPakistani this includes perks for banks who re…
The Pakistani rupee (PKR) again reversed gains against the US Dollar today after opening trade at 278 in the interbank market.
It was largely bearish and closed in red against the greenback. However, it managed to post some gains against other major…
The International Monetary Fund (IMF) has urged Pakistan to ensure economic stability by addressing its political crisis.
During the introductory session on a new loan program between the lender and the federal government on Monday, the IMF Mission …
Prime Minister Shehbaz Sharif Monday ordered the suspension of two senior officers of Pakistan Agricultural Storage and Services Corporation (PASSCO) over their negligence in wheat procurement.
The premier also directed the authorities concerned to …
The Securities and Exchange Commission of Pakistan (SECP) has released a comprehensive guide to facilitate Modaraba Companies and Modarabas in complying with requirements of the Modaraba Ordinance 1980, Modaraba Rules 1981, Modaraba Regulations 2021,…