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Monday, June 23, 2025

SBP introduces energy conservation drive

In compliance with federal and provincial government, SBP has introduced measures for energy and fuel conservation in the banking sector

Pak-China loan facility agreement signed

Chinese consortium of banks has also signed $2.3 billion loan agreement with Pakistan and inflow is expected within some days

Shaukat Tarin reveals IMF and government deal

Shaukat Tarin highlighted that the IMF demanded to match policy rate with headline inflation rather than the core inflation previously

Miftah Ismail denies link between fuel price hike, IMF accord

The minister says the Fund had not demanded to increase the fuel prices, but it was a result of global inflation.

SBP’s restriction caused panic for auto assemblers in Pakistan

Auto assemblers in the country will likely experience a delay in the import of CKD (Completely Knocked-Down) kits.

Pakistani Rupee dives into the sea

Amid prevailing uncertainty, PKR declined around 16.5 percent against the USD and its performance has been marked as worst in whole Asia

Pakistan finally secures deal with IMF

Pakistan and IMF on Tuesday night reached an understanding on the federal budget for 2022-23, which lead to revival of the extended fund facility.

Status of GSP+ extension for Pakistan

Monitoring Mission of European Union’s (EU) Generalized System of Preferences Plus (GSP+) is on visit to Islamabad for ten days

Hopeful of IMF accord in a day or so: Miftah Ismail

The minister vows to protect those with up to Rs1.2 million in annual earnings from income tax.

Political parties and military blamed for being “intellectually corrupt”

Former Chairman FBR blamed PML, PPP, MQM and Military for being intellectually corrupt and facilitating transfer of assets from Pakistan

HBL wins praise for Pakistan’s FATF achievement

Chairman HBL has been recognized for his support in bringing Pakistan to its final stage for exiting FATF’s grey list.

Electricity generation expense jumped by 131 percent

The expense of power generation in Pakistan increased by 131 percent from Rs. 5.7 kWh in May 2021 to Rs. 13.15 kWh in May 2022.