Daily Archives: January 7, 2022

Trading Crypto Derivatives? Five Things to Note When Choosing a Platform

GIBRALTAR, Jan. 7, 2022 /PRNewswire/ — Crypto derivatives markets have been heating up in recent years as investors have shown a strong appetite for leveraged asymmetric crypto trades. According to a recent crypto trading industry report (2021 Q3) released by

Papa John’s Plans Major China Push With PE Firm FountainVest

Published by The Street By Rob Daniel Papa John’s and PE firm FountainVest plan to open more than 1,350 of the pizza chain’s franchised stores across southern China by 2040. Papa John’s International (PZZA) – Get Papa John’s International, Inc.

Govt Extends Deadline For Exchanging Old Banknotes

With a view to facilitating the public, the federal government upon recommendation of the State Bank of Pakistan (SBP) has extended the last date for exchanging old banknotes of Rs. 10, 50, 100, and 1000 by one year to December

Economy Suffers as Govt Fails to Prevent Smuggling of Goods From India and Iran

Despite its efforts, the government has failed to stop the smuggling of goods from India and Iran into Pakistan, causing the economy to bear the brunt in terms of revenue and industrial output.Sources in the Federal Board of Revenue (FBR)

NAB, FIA to Have Full Jurisdiction to Investigate SBP Officials

The Ministry of Finance stated on Friday that the amendments proposed to the State Bank of Pakistan (Amendment) Bill were in line with the international best practices and aligned to the ground realities in Pakistan.In a detailed clarification about th...

IMF to Defer Sixth Review of $6 Billion Loan as Pakistan to Complete Prior Actions Yet

The International Monetary Fund (IMF) executive board is likely to delay the sixth review of the $6 billion Extended Fund Facility (EFF) on account of delay in implementation of some of the prior actions by the government, official sources told

SPI-Based Weekly Inflation Rises Due to Increase in Food and POL Prices

The Sensitive Price Indicator (SPI) for the week ended 6 January 2022, recorded an increase of 0.08 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 25 (49.02 percent) items increased, 7 (13.73

Central Bank Dubs Price Stability as the Key Objective of SBP Amendment Bill

In its clarification about the controversial State Bank of Pakistan (SBP) Amendment Bill, SBP has stated that the proposed amendment has identified the domestic price stability as the primary objective of the bank, followed by financial stability and s...

Sindh Govt Has Failed to Stop Urea Smuggling: Minister

Federal Minister for Industries, Makhdum Khusro Bakhtiar, has said that smuggling of urea fertilizer is due to the weak trace and track system of the Sindh Government.He said that the federal government, in collaboration with provincial governments, ha...

FBR to Probe Data of 15 Million Citizens as Govt Tightens the Noose Around Tax Evaders

The Federal Board of Revenue (FBR) has revealed that the government has formulated a new strategy to catch tax evaders and take action against them.According to FBR, a total of 15 million people will be dealt with in stages. FBR