After the refusal of the Pakistan Telecommunication Authority (PTA), the Federal Board of Revenue (FBR) has decided to summon all mobile phone operators to ensure the blockage of SIMs of 506,671 non-filers by the deadline of May 15, 2024.

A top FBR …

The Ministry of Planning, Development and Special Initiatives is seeking exemption from the Public Procurement Regulatory Framework (including PPRA Rules and Regulations) for the special program for hiring consulting firms to support the ministries.
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The Executive Board of the International Monetary Fund (IMF) will meet today to discuss releasing SDR 828 million (around US$1.1 billion) to Pakistan as the third and final token of its $3 billion Stand-By Arrangement, Finance Ministry sources told P…

On the sidelines of the World Economic Forum Special Meeting in Riyadh, Prime Minister Muhammad Shahbaz Sharif met Kristalina Georgieva, Managing Director (MD) of the International Monetary Fund (IMF).

The Prime Minister thanked Georgieva for her su…

Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 53 percent in profit before tax to Rs. 24.7 billion. The profit after tax saw an increase of 22.2 percent to Rs. 11.23 billion in the first q…

Mari Petroleum Company Limited (MARI) announced its financial result today, posting a bottom line of Rs. 51.629 billion during 9MFY24 against Rs. 40.291 billion in 9MFY23, up by 28 percent YoY.

On a quarterly basis, the company’s profitability arriv…

The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs. 1.26 billion to Banking Customers by disposing of 25,493 complaints against commercial banks during the calendar year 2023.

Addressing a press conference at the …

The State Bank of Pakistan (SBP) on Monday announced that it will remain closed on Wednesday, 1 May 2024, on account of Labour Day.

‘The State Bank of Pakistan will remain closed on May 1, 2024 (Wednesday) being a public holiday on the occasion of L…

Fauji Fertilizer Company Limited (FFC) has announced its financial results for the first quarter ended March 31, 2024 in its Board of Directors’ meeting held on April 29, 2024.

Sona Urea production by the Company stood at 654 thousand tonnes, wherea…

The Pakistani rupee was stable against the US Dollar after opening trade at 278 in the interbank market.

It was stable against the greenback but remained in red against most of the other major currencies today.

The interbank rate stayed at 278 most…