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Govt to approach IMF for approval on power tariff re-basing
ISLAMABAD: Pakistan has decided to formally inform the International Monetary Fund (IMF) about its planned electricity tariff rebasing, seeking the lender's approval to avoid placing additional financial pressure on consumers and to prevent potential...
Senate panel briefed on SBP's efforts to simplify merchant account process
ISLAMABAD: The Deputy Governor of the State Bank of Pakistan (SBP), Dr. Inayat Hussain, announced that the SBP is simplifying the process for opening merchant accounts in Pakistan. He emphasized the need to encourage consumers to adopt digital paymen...
OICCI hosts Minister Ahsan Iqbal for economic policy dialogue
KARACHI: The Federal Minister for Planning, Development, and Special Initiatives, Mr. Ahsan Iqbal, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) for an interactive session with foreign investors and business leaders. The se...
Pakistan, Saudi Arabia pledge to enhance economic cooperation
ISLAMABAD: Pakistan and Saudi Arabia have once again reaffirmed their commitment to enhancing bilateral economic ties, aiming for mutual prosperity and growth. This reaffirmation of cooperation took place when Pakistan's Finance Minister Muhammad Aur...
Visa, Meezan Bank launch Pakistan's first student debit card
KARACHI: Visa (NYSE: V), a world leader in digital payments, today announced a partnership with Meezan Bank, the country's leading Islamic bank, to unveil a unique proposition designed to empower the digitization journey of Pakistan's student populat...
KSE-100 closes nearly 1,600 points lower
KARACHI: The Pakistan Stock Exchange (PSX) endured its second consecutive negative session on Wednesday, with the benchmark KSE-100 Index falling nearly 1,600 points, closing at 113,443.43. The index declined by 1,598.82 points or 1.39%, as late-ses...
Aleem Khan calls for raising Pakistan Post revenue target to Rs14bln
ISLAMABAD: Federal Minister for Communications, Privatization, and Board of Investment, Abdul Aleem Khan, has tasked Pakistan Post with increasing its revenue to Rs14 billion by June 30. Speaking at a review meeting, Aleem Khan emphasized the need t...
Rupee remains largely stable against USD
KARACHI: The Pakistani rupee remained largely stable against the US dollar on Wednesday, depreciating slightly by 0.01% in the inter-bank market. The currency closed at 278.85, a loss of Re0.03 compared to the previous session's rate of 278.82, accor...
Aurangzeb asserts Pakistan is 'on the right path' at WEF
DAWAS: Pakistan's Finance Minister Muhammad Aurangzeb expressed optimism about the country's economic trajectory during a panel discussion at the World Economic Forum (WEF) in Davos, emphasizing the government's efforts to address fiscal challenges....
Ministries directed to align objectives with Uraan Pakistan
ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, has instructed all ministries to align their objectives with the "Uraan Pakistan" initiative and designate senior focal persons to ensure consistent coordina...
