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Pakistan’s Headline Inflation Expected to Fall Below 14% in May

Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brokerage house Ismail Iqbal Securities said in its report on Tuesday.

According to the report, on a month-on-month (MoM) basis, infl…

FTO Orders Investigation Against Corporate Tax Office Islamabad

The Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has ordered an investigation against the Corporate Tax Office Islamabad (CTO) for blunt violation of instructions issued by parent agency (FBR) to provide copies of order sheet entries s to the tax…

PSX Set to Increase Stock Price Circuit Breakers From Next Week

Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday.

This gradual enhancement wi…

Banking Sector Deposits Surge to Rs. 28.4 Trillion in April 2024

The banking deposits increased by over 21 percent to Rs. 28.4 trillion as of April 2024 compared to Rs. 23.4 trillion as of April 2023.

According to data released by the State Bank of Pakistan (SBP), advances decreased by 0.7 percent year-over-year …

Car Financing Declines 22nd Month in a Row

Car financing continued to fall 22 months in a row in the calendar year 2024, down 23.7 percent YoY to Rs. 236 billion by the end of April from Rs. 309 billion in the same period last year.

According to the State Bank of Pakistan (SBP), consumer fin…

STZA Digitizes Its Procurement System

Special Technology Zones Authority (STZA) of Pakistan has successfully transitioned its manual procurement processes to e-procurement, marking a significant milestone in the country’s technological advancement.

The adoption of e-procurement aimed at…

Pakistan-IMF Policy-Level Talks Begin Today

The federal government and International Monetary Fund (IMF) will commence policy-level talks today on negotiating a new and likely $6-8 billion bailout program spread over at least three years, Finance Ministry sources told ProPakistani.

Sources sa…

Pakistani AI Startup Becomes NielsenIQ’s Global Partner

aiSight, a startup that uses AI to analyze data to provide market share insights to the Consumer-Packaged Goods (CPG) industry, has joined the NielsenIQ Partner Network.

This will allow aiSight access to NielsenIQ’s retail retail sales data globally…

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