• Interbank, kerb rates edge closer to IMF’s 1.25pc target• SBP introduces structural reforms for exchange firms, raises minimum capital requirement to Rs500m from Rs200m• Orders banks to set up separate entities to conduct forex transactions KARACHI: The rupee rebounded in the open market on Wednesday as a crackdown on the informal currency market started to help the gap between…
Read More
• Consumers to pay Rs3.51 per litre more on petrol, diesel• PIA’s request for bailout package, suspension of payments to CAA and FBR denied ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved per-litre hikes of Rs1.64 and Rs1.87 in margins to petroleum dealers and oil marketing companies (OMCs), respectively, on petrol and diesel sales and allowed…
Read More
ISLAMABAD: The Finance Ministry Wednesday said the upward adjustment in energy tariffs and further increase in fuel prices would strain the inflationary pressures in coming months. In its monthly, “Economic Update and Outlook” for August 2023 released on Wednesday, the Finance Ministry said the two massive fuel price hikes witnessed in August 2023 and upward adjustment in energy tariffs would…
Read More
Pakistani Origin IT Wizard Ahmed Ali Larik has been selected among the Top 100 Saudi visionary leaders by the prestigious platform DT100 for his extraordinary contribution in the transformation of the digital banking landscape. He is the only Pakistani who receive this recognition this year. Ahmed Ali Larik became limelight as an accomplished visionary professional who was a leading force…
Read More
