Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded clarification from the Sindh government regarding the recent hike in the infrastructure development cess on imports. The President of FPCCI, Mr. Atif Ikram Shei…
Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) on Wednesday, showing stability across various tenors. The rates have seen little fluctuation, indicating a period of steadiness in the financial markets.
…
Karachi: The State Bank of Pakistan has announced adjustments to its monetary policy, introducing a new floor for financial institutions while leaving the ceiling undefined. As per the latest data released, the floor amount is set at 22,000 units, app…
Karachi: The State Bank of Pakistan (SBP) has released details of its overnight repo activities, showing a single institution accessed its repo facility, borrowing Rs. 22,000 million. No institutions utilized the reverse repo facility on the specified…
Karachi: The Finance Division has announced a significant improvement in Pakistan’s fiscal health for the financial year 2025, reporting a budget deficit of 5.4% of Gross Domestic Product (GDP). This marks a decrease from the previous year’s 6.8% defi…
ISLAMABAD: Jazz, Pakistan’s leading digital operator, has emerged as the top performer in the Pakistan Telecommunication Authority’s latest Quality of Service survey. This achievement underscores the company’s commitment to providing superior connecti…