The State Bank of Pakistan (SBP) has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent.The central bank has further notified that the minimum CR…
The Ministry of Planning and Development has announced that issuing poverty figures and mapping poverty in the country has been suspended until 2023.This was revealed by the ministry in a written reply presented in a session of the Senate today (Friday…
The government has not implemented a majorly approved recommendation of Mobile Device Manufacturing Policy of removal of fixed Sales Tax on CKD/SKD manufacturing of mobile devices above USD 200 category.This was revealed by the Ministry of Industries a…
President Dr. Arif Alvi has upheld two different decisions of the Banking Mohtasib (BM) ordering Al Baraka Bank Ltd (ABBL) and Habib Bank Ltd (HBL) to pay Rs. 9.145 million to Zahida Naseem and Rs. 5 million to Mushtaq Ahmed Bajwa, respectively, who ha…
The percentage of Pakistan Railways’ deficit as compared to revenue increased from 73.87 percent in 2017-18 to 97.68 percent in 2020-21, while income declined from Rs. 49.58 billion to Rs. 48.65 billion during this period.This was revealed by Railways …
Foreign Minister Shah Mahmood Qureshi says development projects worth billions of rupees have been initiated as well as completed in South Punjab to eliminate deprivation of people of this area. He expressed these views while addressing the ground brea…
