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SBP warns of major risks to Pakistan’s economy despite 4.5pc growth forecast
KARACHI: The State Bank of Pakistan (SBP) has projected that the country’s economic growth will remain between 3.5% and 4.5%...
PM orders three-year independent third-party audit of customs-bonded warehouses
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed relevant authorities to conduct a comprehensive third-party audit of customs bonded warehouses...
Pakistan prepares for IMF review as $1.2b disbursement expected
ISLAMABAD: Pakistan has begun preparations for talks with the International Monetary Fund (IMF) next month, with the country expected to...
Pakistan, Russia seek to deepen economic cooperation
ISLAMABAD: Pakistan and Russia are exploring expanded trade in agricultural machinery, fertilizers, pesticides and livestock vaccines, Pakistan’s government said as...
Pakistan, Japan ink grant agreement for human resource development
ISLAMABAD: Pakistan and Japan here on Tuesday signed a landmark Grant Agreement worth JPY 350 million (US$ 2.2 million) to...
Pakistan seeks greater US investment as reciprocal trade talks advance
KARACHI: Pakistan is seeking greater investment from US companies and financial institutions as it advances negotiations with Washington on a...
PM Shehbaz directs FBR to accelerate tax reforms
ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to further accelerate the implementation of ongoing...
World Bank’s Rs115b Balochistan flood project restructured
QUETTA: The government has restructured a Rs. 115 billion World Bank-funded flood rehabilitation project in Balochistan amid allegations of mismanagement...
BoP set to issue Rs30b shares to Punjab govt in major equity move
LAHORE: The Bank of Punjab (BoP) has just announced a massive financial move. The bank plans to issue up to...
Future belongs to entrepreneurs who embrace AI, biotechnology: President ICCI
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has called for a fundamental transformation in Pakistan’s...
SECP refers Blink Capital Management case to FIA over alleged Rs446.6m
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has referred the case of Blink Capital Management (Private) Limited to...
Supreme Court rejects PoS agents complaint against BISP over ID block
ISLAMABAD: The Supreme Court has ruled that a Point-of-Sale (PoS) agent cannot invoke consumer protection law to challenge the blocking...
Pakistan’s trade surplus with US reaches $2.59b in FY2025-26
ISLAMABAD: Pakistan recorded a $2.59 billion trade surplus with the United States during fiscal year 2025-26, reflecting continued strong exports...
Pakistan plans to open new gateway for foreign oil suppliers
ISLAMABAD: Pakistan is set to open its petroleum storage sector to international oil suppliers through a customs-bonded framework that would...
Pakistan receives $3.63b in remittances in July 2026
KARACHI: Pakistan received $3.631 billion in remittances from overseas Pakistanis in July 2026, registering an increase of around 5% month-on-month...
FBR dismisses Customs inspector over prolonged unauthorised absence
ISLAMABAD: The Federal Board of Revenue (FBR) has dismissed a Customs inspector from service after disciplinary proceedings established that she...
SC ruling shields old tax cases from new financial burdens
ISLAMABAD: The Supreme Court (SC) has ruled that new penalties cannot be imposed on tax cases that were finalised in...
Muhammad Ali Malik appointed SBP Deputy Governor for 5 years
KARACHI: The federal government has appointed Muhammad Ali Malik as Deputy Governor of the State Bank of Pakistan (SBP) for...
IFC invests $20m in Novatex to bolster Pakistan’s packaging exports, sustainable production
ISLAMABAD: The International Finance Corporation (IFC) has announced an investment of up to US$20 million in Pakistan’s leading plastic packaging...
Pakistan begins preparing FATF 2027 performance report
ISLAMABAD: Preparations for Pakistan’s 2027 Financial Action Task Force (FATF) report have begun, with the Karachi Desk starting to compile...
