Karachi, March 14, 2024 – Pakistan has recorded a significant rise of $131 million in its weekly foreign exchange reserves for the week ending March 8, 2024, according to the State Bank of Pakistan (SBP).
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Pakistan Stock Market Surges 1,016 Points as Bulls Return
Karachi, March 14, 2024 – The Pakistan stock market witnessed a remarkable climb of 1,016 points on Thursday as bullish sentiments returned, boosting investor confidence across the board.
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Pakistan to Announce Petroleum Prices for 2nd Half of March 2024
Islamabad, March 14, 2024 – Pakistan gears up for the announcement of petroleum prices scheduled for Friday, March 15, 2024, marking the commencement of the second half of March 2024.
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Mobile Banking Users in Pakistan Surge to 16 Million by Year-End
Karachi, March 13, 2024 – In a testament to the digital transformation sweeping Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that the number of mobile banking users in the country reached an impressive 16 million by the close of December 31, 2023.
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Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
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Govt. Bank Borrowing Surges 104% to Rs 4.13 Trillion in 8MFY24
Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
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Pakistan Witness 41% Drop in Car Sales During 8MFY24
Karachi, March 12, 2024 – Pakistan has experienced a significant downturn in car sales during the first eight months (July – February) of the current fiscal year 2023-24, with a staggering 41 percent drop compared to the same period in the previous fiscal year.
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Bank Deposits Soar to Historic High of Rs 27.89 Trillion in Pakistan
Karachi, March 12, 2024 – Official data released on Tuesday reveals that bank deposits in Pakistan have surged to an unprecedented high of Rs 27.89 trillion by the end of February 2024.
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Former HBL CEO Assumes Role as Pakistan’s Finance Minister
Islamabad, March 12, 2024: Muhammad Aurangzeb, the former Chief Executive Officer (CEO) of Habib Bank Limited (HBL), has officially assumed the role of Pakistan’s Finance Minister.
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Bank Holiday Today, March 12, for Zakat Collection in Pakistan
Karachi, March 12, 2024: In anticipation of the forthcoming holy month of Ramadan ul Mubarak, all banks across Pakistan will observe a bank holiday today, March 12, 2024.
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