bills

The government raises Rs584.5 billion in auctions of treasury bills, investment loans and sukuk – Trendy Blogger

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The government raises Rs584.5 billion in auctions of treasury bills, investment loans and sukuk – Trendy Blogger

The government obtained Rs584.5 billion through the auction of treasury bills (T-bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS). This included Rs434 billion from treasury bills, Rs11.9 billion from general treasury bonds, and Rs138 billion from GIS auction across all periods. The GIS auction, conducted by the Pakistan Stock Exchange (PSX), attracted strong … Read more

The International Monetary Fund rejects Pakistan’s proposal to reduce sales tax on electricity bills – Trendy Blogger

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The International Monetary Fund rejects Pakistan’s proposal to reduce sales tax on electricity bills – Trendy Blogger

The International Monetary Fund has rejected a formal request from Pakistan’s Ministry of Energy to reduce sales tax on electricity bills, citing liabilities under the existing loan programme, Express News reported. The decision deals a blow to the government’s efforts to ease financial pressures on consumers. The Ministry of Energy had requested IMF approval to … Read more

Foreign investors withdraw $36.58 million from Pakistani treasury bills within one week after the yield was reduced – Trendy Blogger

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Foreign investors withdraw .58 million from Pakistani treasury bills within one week after the yield was reduced – Trendy Blogger

Foreign investors withdrew a whopping $36.58 million from Pakistan Treasury Bills (T-Bills) during the week ending November 22, 2024, according to data released by the State Bank of Pakistan (SBP). This represents one of the largest weekly inflows of treasury bills in recent months, underscoring the decline in foreign interest in Pakistan’s debt market. The … Read more

The acting president signs all six bills into law trendy blogger

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The acting president signs all six bills into law trendy blogger

Acting President Yousuf Raza Gilani. – Application/File Earlier in the day, all six bills were approved by the Senate and the National Assembly. A bill seeking to increase the number of IHC judges has been approved. The Supreme Committee’s draft law on practices and procedures also received Parliament’s approval. All six bills approved by the … Read more