Moody’s raises Pakistan’s credit ratings to ‘Caa2’
The country depends on timely support from government partners to meet its external debt obligations. Moody’s raises Pakistan’s credit ratings…
Economy
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Pakistani traders observe nationwide strike against taxes, utility bills
The strike, called by the All Pakistan Traders’ Association, is a protest against the imposition of taxes and the high…
Transit trade between Pakistan-Afghanistan dropped 59% in 2023-24: Here’s why
Afghan imports from Pakistan have decreased substantially due to the federal government’s measures to curb smuggling on transit corridors. Transit…
FBR rules out amnesty for smuggled vehicles
FBR advised the public not to believe any such false information circulating on social media or any other unverified sources….
Packages Limited Becomes First Company in Pakistan to Deploy SAP Sustainability Solutions
“We are proud to be the first to take this leap and are confident it will drive significant positive change,”…
Federal govt decides to close down utility stores countrywide
Utility stores’ administration said that the decision raised serious concerns among 6,000 permanent employees as well as 5,000 daily wagers….
Pakistan seeks $4bn loan from Middle Eastern banks
Pakistan has pitched about $20bn in foreign borrowing for the current FY budget, besides another $3bn rollover from the UAE…
ECC approves supplementary grant of Rs. 20 billion for operation Azm-e-Istehkam
Another TSG of Rs. 1951.995 million on account of payment of security charges – Reko Diq Project to Frontier Corps…
Millat Tractors suspends production in Pakistan: Here’s why
MTL reiterated that the current production stoppage is solely due to ongoing issues with GST refunds and is not related…
SBP to introduce plastic currency notes in Pakistan, Senate committee told
“The Rs 5,000 note will not be phased out and no such proposals are being considered.” The SBP governor said….