Four Pakistani banks fined over Rs83m for violating laws
KARACHI: The State Bank of Pakistan (SBP) fined United Bank Limited (UBL), The Bank of Punjab (BoP), JS Bank Limited
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Economy
IMF team to visit Pakistan for first review talks on Nov 2
An International Monetary Fund (IMF) delegation is scheduled to visit Pakistan for talks regarding the initial assessment of the country’s
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Govt drops gas bomb as tariff hiked up to 193%
ISLAMABAD: The government on Monday finally okayed a massive hike in gas tariff, giving a massive blow to the inflation-weary
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IMF condition: ECC set to green light gas tariff hike today
ISLAMABAD: The Economic Coordination Committee (ECC) will meet today (Monday) to green-light the plan to hike the gas tariff, a
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Rupee likely to remain range-bound until IMF review
KARACHI: Rupee is likely to remain range-bound, trading at 275 to 285 per US dollar until at least the International
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SBP likely to hold policy rate at 22% after ease in inflation
KARACHI: The State Bank of Pakistan’s key interest rate is likely to remain unchanged this month at 22%, as inflation
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Govt to only finance important projects for provinces: SIFC
ISLAMABAD: The Special Investment Facilitation Council (SIFC) has decided to only finance extremely important development projects in the provinces with
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Honda Atlas, Pak Suzuki announce temporary shutdown of production plants
KARACHI: Honda Atlas Cars and Pak Suzuki Motor Company (PSMC), the two major auto manufacturers in the country, have announced
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PTCL in talks with IFC for $400m loan to acquire Telenor
ISLAMABAD: The Pakistan Telecommunication Company Ltd (PTCL) is in discussions with a World Bank subsidiary, the International Finance Corporation (IFC),
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FDI not charity, Pakistan needs debt relief on foreign loans: UNCTAD director
ISLAMABAD: Richard Kozul-Wright, director of the United Nations Conference on Trade and Development (UNCTAD), has said that Pakistan required debt
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