Canada Bank reduced the main policy rate by 25 basis points to 2.75 % on Wednesday, cautiously of the economic risks of the US tariff. The central bank said it will continue with caution with more prices because it balances inflation pressure from high costs against poor demand. The seventh consecutive rate of mitigation in … Read more
Islamabad: The FBR (FBR) has made significant changes in the export financing plan (EFS) to address concerns about misuse and improve its effectiveness. On Friday, FBR SRO301 (I)/2025 to amend the customs bases, 2001, released many updates to the scheme. It is worth noting that the export facilitation scheme (EFS) 2021 was withdrawn for the … Read more
The government is optimistic about the successful result in the first review of the International Monetary Fund (IMF), which will determine the issuance of a $ 1.1 billion chip under the $ 7 billion in the Fund’s facilities (EFF). The International Monetary Fund team, led by Nathan Porter, will hold discussions with the Pakistani authorities … Read more
Prime Minister Shehabz Sharif is scheduled to start a two -day official visit to Azerbaijan on February 24, where he will participate in high -level discussions aimed at strengthening trade relations and securing agreements in the energy and infrastructure sectors. During the trip, Pakistan and Azerbaijan are expected to sign major agreements, including the establishment … Read more
A significant decrease in the electricity tariff for industrial and local consumers is expected by June 2025, according to the Secretary of the Authority, Dr. Fazer Allam Erfan. This announcement came during a meeting of a Senate Committee for the Authority, where officials discussed the spices of revised or expired contracts with independent energy producers … Read more
IslamabadThe Cabinet Committee for State -owned institutions (CCOSOS) was held on Tuesday, led by the Federal Minister of Finance and Revenue, Senator Mohamed Uranquit in the Finance Department. The committee focused on appointments in various state -owned institutions (SOES) and the main approved nominations. It is worth noting that three independent members were appointed to … Read more
Islamabad: The technical technical team of the International Monetary Fund (IMF), currently in Pakistan for a week -long review of the country’s judicial and regulatory frameworks under the Fund’s $ 7 billion in facilities. Related to property rights. The Minister of Law, Azad Nasser Tarar, explained that such meetings fall within the scope of the … Read more
Four officials of the Punjab Cooperative Board of Directors (PCBL) was arrested, and the aviation information area was presented against them and several members of their numbers for their participation in the large land fraud, including the illegal occupation and the sale of government owned property, according to a news report. ACE Lahore launched an … Read more
Most of the stock markets in the Gulf opened a decrease on Wednesday due to the profits of dull companies, although the Saudi index rose on strong gains by Al -Raji Bank. Dubai’s main stock index decreased by 1 %, as it decreased by 8.6 % in senior UAE lenders NBD (ENBD), in its course … Read more
The State Bank in Pakistan (SBP) announced on Monday that it reduced the main policy price by 100 basis points to 12 percent, as of January 28, 2025. This represents the reduction of the sixth rate since June 2024, which leads to a decrease in the policy rate by 1,000 cumulative points from 22 percent. … Read more