State Bank imposes Rs224 million in fines on 5 commercial banks
State-owned Sindh Bank gets a penalty of Rs55.393 million by the SBP for violation of general banking operations. State Bank…
Economy
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Govt expected to keep standard rate of GST unchanged at 18%
Govt also considering amendments to bring retailers in tax net. Govt expected to keep standard rate of GST unchanged at…
Govt unaware of full scope of current economic crisis: Miftah Ismail
Pakistan’s economic woes are not caused by IMF, former finmin says. Govt unaware of full scope of current economic crisis:…
Rupee nosedives to all-time low of 290 against dollar amid political tumult
Moody’s Investor Service warned without an IMF programme, Pakistan could default. Rupee nosedives to all-time low of 290 against dollar…
Pakistan faces default risk without IMF loan: Moody’s
Pakistan financing options beyond June are “highly uncertain”: Moody’s Pakistan faces default risk without IMF loan: Moody’s. Moody’s Investor Service…
IMF prepares to discuss Pakistan budget plans as funding lifeline nears
Negotiations over key budget targets are one of last hurdles. IMF prepares to discuss Pakistan budget plans as funding lifeline…
Largest recipient of ADB: Pakistan took loans worth $5.58bn in 2022
Amounts received include $2.67bn concessional funding. Largest recipient of ADB: Pakistan took loans worth $5.58bn in 2022. Owing to the…
Current account posts surplus for first time since Nov 2020
During the last nine months, CAD has declined 74.1% year-on-year. Current account posts surplus for first time since Nov 2020….
Pakistan shares plan to secure $3bn financing with IMF
Islamabad has informed IMF about its plan to secure a $450m RISE-II loan. Pakistan shares plan to secure $3bn financing…
IMF ‘expresses confidence’ in reaching staff-level agreement with Pakistan ‘soon’
IMF official hopes Pakistan will complete programme in time. IMF ‘expresses confidence’ in reaching staff-level agreement with Pakistan ‘soon’. The…