Petrol stocks have risen to new historic highs with enough reserve to meet 26 days of consumption demand in the country, reported Express Tribune.This development comes as refineries have warned of impending shutdowns due to the Independent Power Produ…
Fitch Ratings anticipates further interest-rate hike for Pakistan, stating the country is facing external pressure.The Hong Kong-based Fitch Ratings, in its latest report, “Fitch Ratings 2022 Outlook: Asia-Pacific Sovereigns”, stated that monetary poli…
The Pakistani Rupee (PKR) continued its historic decline against the US Dollar (USD) once again and depreciated by 64 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 177.50 against the dollar during today’s op…
Muslim Commercial Bank (MCB) has appointed Shoaib Mumtaz as Acting President and CEO. The man who has been associated with MCB for over 15 years will assume the charge on December 21, 2021.Currently working as SEVP – Group Head Wholesale &a…
The Senate Standing Committee on Finance and Revenue has summoned the Chairman National Accountability Bureau (NAB) for preventing the appointment of the directors in the boards of different companies.The meeting of the committee was held under the cha…
Spokesman for Advisor to Prime Minister on Finance and Revenue, Muzammil Aslam, has dispelled rumors surrounding the issue of granting autonomy to the State Bank of Pakistan (SBP).In a video, the spokesman cleared that the issue of making the central b…
