The cut-off yields on the auction of market treasury bills (T-Bills) dropped by 14 basis points despite an increase in the interest rate.The government raised Rs. 730 billion from the auction according to data released by the State Bank of Pakistan (SB…
The National Assembly (NA) has passed the contentious Finance (Supplementary) Bill, sometimes known as the “mini-budget,” in the penultimate hour of the day, in a longer session with fierce resistance from opposition benches.The NA approved the governm…
State Bank of Pakistan’s (SBP) data has revealed that private sector borrowing from banks crossed an all-time high of Rs. 1 trillion during the first half of the current fiscal.The private sector borrowed a total amount of Rs. 1.013 trillion from July …
Pakistan’s liquid foreign reserves witnessed an outflow of $118 million in the first week of 2022 that ended on January 7, 2021, according to the State Bank of Pakistan (SBP).The central bank’s weekly report released on Thursday revealed that the count…
The National Assembly is in progress to vote on the Finance Supplementary Bill 2021. The session started with Speaker Asad Qaiser in the chair.Meanwhile, a motion seeking to circulate the Finance (Supplementary) Bill, 2021 for eliciting opinion on it f…
All Pakistan Sugar Mills Association (PSMA), Islamabad Thursday termed its meetings with the federal and provincial governments as futile as they did not produce any solid outcome in the issues facing the sugar industry.In a statement, a PSMA spokesman…
Amid the National Assembly session on the Finance (Supplementary) Bill, 2021 and the prevailing LNG shortage, the electricity consumers have again been burdened with fuel cost adjustment for the month of November, as National Electric Power Regulatory …
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