Our Correspondent

The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA), and Safety Deposit Lockers in banks in Pakistan that their accounts and lockers are completely safe, and that there is no proposal under consideration to put any restriction on them. Rumours are […]

Due to mounting fears about the Pakistan economy, investors were nervous during the last trading week and turned to the bears to find encouraging signals. Rise in petroleum product prices by Rs30 per litre, an increase in electricity tariffs by Rs8 per unit and the fall of foreign exchange reserves have all taken a toll […]

The FPCCI has reminded the Minister of Finance about his pledged position to implement a simpler taxation regime on a fixed rate basis for the category of retailers other than the tier-1 merchants, as is indicated for the requirements. Suleman Chawla, Acting President FPCCI and Engr. M. A. Jabbar, VP FPCCI, who has attended the […]

In the midst of a progressively deteriorating political as well as economic scenario in the country, the Pakistan Stock Exchange (PSX) experienced another week of tumultuous trading as anxious investors searched for substantial signs of positivity. Despite this, they ultimately got some relief toward the end of the preceding week. This was primarily due to […]

FPCCI president Irfan Iqbal Sheikh has expressed his profound disappointment and concerns over an anti-business and anti-growth hike in the key policy rate, i.e. 150 bps by the Monetary Policy Committee (MPC) of the State Bank of Pakistan. He said that the business, industry and trade community is shocked; and, clueless at the same time […]

Bulls were pushed to the sidelines by bears at the Pakistan Stock Exchange during the previous week since there were no market-moving positive signals. Skepticism regarding the IMF’s loan programme resurrection further dampened market interest, thus investors waited avidly for any positive stimulus to take new positions. As a result, the KSE-100 index, which is […]

Deputy Governor State Bank of Pakistan (SBP) Ms. Sima Kamil while addressing a two-day specialized training workshop on Electronic Warehouse Receipt Financing (EWRF) for banks observed that the subject training program will be instrumental to support SBP’s recent initiative to promote EWRF in the country and banks will be able to get hands on knowledge […]

Anxiety seized the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index dropped below the 43,000-point barrier, amid fears of a widening external deficit due to the government’s decision to maintain oil prices at their current level. The government ruled out an immediate increase in the pricing of petroleum products on Sunday, despite […]