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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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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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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LTO Karachi Records 112% Surge in February Direct Tax Collection
Karachi, March 12, 2024 – The Large Taxpayers Office (LTO) Karachi, a key arm of the Federal Board of Revenue (FBR), has achieved an unprecedented 112% year-on-year growth in the collection of direct taxes in February 2024.
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PM Shehbaz Stresses Upon Undersea Exploration for Oil and Gas
Islamabad, March 11, 2024 – In a significant move to harness Pakistan’s untapped natural resources, Prime Minister Shehbaz Sharif chaired a high-level meeting on Monday, highlighting the urgent need for undersea exploration to identify and utilize potential oil and gas reserves.
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Investment in Saving Certificates Drops by 12% in Pakistan
Karachi, March 11, 2024 – Pakistan has witnessed a substantial decline of 12 percent in investment in saving certificates during February 2024, compared to the same month a year ago, according to official statistics released by the State Bank of Pakistan (SBP).
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FBR Chairman Optimistic about Meeting Revenue Collection Target
Islamabad, March 10, 2024 – Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), has expressed his confidence in achieving the revenue collection target for the fiscal year 2023-24.
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Essential Items Register Sharp Price Hike Ahead of Ramadan
Karachi, March 9, 2024 – The prices of essential items in Pakistan have experienced a notable surge, raising concerns among the public as the holy month of Ramadan approaches, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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Gold in Pakistan Surges by 7.2% in 9th Consecutive Day Gain
Karachi, March 9, 2024 – The gold market in Pakistan experienced an impressive surge, marking its ninth consecutive day of gains on Saturday, fueled by the ongoing rally in the international markets.
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