Pakistan is poised to adjust petroleum prices for the second half of April 2024 amidst escalating tensions following Iran’s drone attacks on Israel. The revised prices, to be announced on April 15, 2024, will remain in effect until the end of the month.
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Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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Eid ul-Fitr Celebrations Unite Pakistan in Joy
Islamabad, April 12, 2024: Eid ul-Fitr, the festival marking the end of Ramadan, continues to resonate across Pakistan as families and friends come together in celebration, infusing the third day of the occasion with fervor and enthusiasm.
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Pakistan Inflation Expected to Ease to 15% in FY2025: ADB Report
Karachi, April 11, 2024 – Pakistan is anticipated to witness a significant contraction in inflation to 15 percent during the next fiscal year 2024-25, according to a report released by the Asian Development Bank (ADB) on Thursday.
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Three out of 5 Women Unbanked in Pakistan: ADB Report
Karachi, April 11, 2024 – A recent report by the Asian Development Bank (ADB) has highlighted a stark reality: three out of every five women in Pakistan are excluded from the banking system, representing one of the lowest financial inclusion rates for women globally.
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Asian Development Bank Projects 1.9% FY24 Growth for Pakistan
Islamabad, April 11, 2024 – The Asian Development Bank (ADB) has released its flagship Asian Development Outlook (ADO), forecasting a GDP growth rate of 1.9 percent for Pakistan during the fiscal year 2023-24.
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Govt Borrowing Skyrockets by 138% to Rs 4.84 Trillion in 9MFY24
Karachi, April 11, 2024 – Official data reveals a staggering surge in government borrowing from the banking system, soaring to Rs 4.84 trillion during the initial nine months (July – March) of the fiscal year 2023-24.
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Understanding Your Tax Registration Requirements with FBR
Tax registration with the Federal Board of Revenue (FBR) is an essential step for individuals and entities operating in Pakistan, ensuring compliance with income tax regulations and facilitating the filing of tax returns.
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Shawwal Moon Sighted in Pakistan; Eid-ul-Fitr on April 10
Islamabad, April 9, 2024 – The much-anticipated sighting of the Shawwal moon has finally occurred, marking the end of Ramadan and heralding the joyous occasion of Eid-ul-Fitr in Pakistan.
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Pakistan Stocks Close First Time Above 70,000-Point Level
Karachi, April 9, 2024 – Pakistan stocks soared to new heights on Tuesday, surpassing the psychological barrier of the 70,000-point level for the first time in the country’s history.
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