The State Bank of Pakistan (SBP) has withdrawn facilities for exporters of Afghanistan and Central Asian Republics (CARs) in response to the growing dollar demand, a situation that has compelled foreigners to conduct business solely through more onerou…
The Privatization Commission plans to complete the privatization of at least one dozen state-own entities (SOEs) in the next few years.Pakistan Steel Mills (PSM) is also among the list of SOEs that the government wants to privatize. The government had …
Sui Northern Gas Pipelines Ltd (SNGPL) lost claims of approximately Rs. 19 billion against National Power Parks Management Company Pvt. Ltd. (NPPMCL) in two arbitrations before the London Court of International Arbitration (LCIA).According to the detai…
The Pakistani Rupee (PKR) finally held out against the US Dollar (USD) after five consecutive days of losses, and appreciated by one paisa against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.20 against the USD during…
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Tuesday raised the policy rate by 100 basis points to 9.75 percent from 8.75 percent, according to a statement issued by the bank.The central bank said that monetary policy settings …
The government has been given a suggestion to impose a sales tax on the actual sales price of sugar to deal with possible tax evasion.According to details, a report containing various suggestions about the sugar sector was presented to the federal cabi…
