Economy

SECP Releases Guide to Facilitate Modaraba Firms in Complying with Regulations

The Securities and Exchange Commission of Pakistan (SECP) has released a comprehensive guide to facilitate Modaraba Companies and Modarabas in complying with requirements of the Modaraba Ordinance 1980, Modaraba Rules 1981, Modaraba Regulations 2021,…

PM Orders Suspension of PASSCO MD Over Wheat Procurement Process

Prime Minister Shehbaz Sharif Monday ordered the suspension of two senior officers of Pakistan Agricultural Storage and Services Corporation (PASSCO) over their negligence in wheat procurement.

The premier also directed the authorities concerned to …

IMF Urges Pakistan to Solve Its Political Crisis For Economic Stability

The International Monetary Fund (IMF) has urged Pakistan to ensure economic stability by addressing its political crisis.

During the introductory session on a new loan program between the lender and the federal government on Monday, the IMF Mission …

Pak Rupee Devalues Against US Dollar to Start Crucial Week

The Pakistani rupee (PKR) again reversed gains against the US Dollar today after opening trade at 278 in the interbank market.

It was largely bearish and closed in red against the greenback. However, it managed to post some gains against other major…

IMF Wants Pakistan to Withdraw Incentives For International Investors

The International Monetary Fund (IMF) has recommended that Pakistani authorities withdraw/eliminate all incentives for savings and financial investors in the upcoming fiscal year budget.

Sources told ProPakistani this includes perks for banks who re…

PSX Announces 5th Batch of Stocks Moving to One Share Lot Size

The Pakistan Stock Exchange (PSX) Monday announced that it is planning to implement the 5th batch of existing 500 Lot size Regular Market companies for transition into ONE Share Lot Size w.e.f. May 20, 2024.

As a result of said transition, these com…