Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
It was recently brought to light by the State Bank of Pakistan that India still owes Pakistan at least Rs 5.6 billion as a debt. This is due to the fact that when the partition took place, India had to give Pakistan a certain amount of money, but it failed to do so and it […]
Pakistan would get 12 billion dollars from multilateral institutions as budgetary support or funding for projects during the next three years, Finance Minister Ishaq Dar said Monday. Briefing newsmen about state of the economy in Islamabad, he said this would fully protect the country against liabilities and obligations and it will find no difficulty in making […]
A high level Pakistani delegation is scheduled to leave for United States on April 16, to attend annual mandatory spring talks with IMF and World Bank. Advisor to Prime Minister on Finance, Dr. Shahid Amjad Chaudhry will head the delegation. The visit was announced hours after the Dr. Chaudhry was appointed advisor on […]
The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved exemption of all foreign and local components of the Karachi Circular Railway from imposition of general sales tax, customs duty and other federal levies in order to ensure financial viability of the project. To facilitate and accelerate the project of Karachi Circular Railways, Ministry […]
Secretary Election Commission, Ishtiaq Ahmed Wednesday said that schedule for the upcoming parliamentary elections will be announced later this month. The current assemblies will complete five-year term on March 16 and new elections should be held within two months after the dissolution in line with the constitution. Federal minister, Syed Khurshid Shah, has said […]
The Election Commission of Pakistan Wednesday decided to make information public regarding assets‚ tax returns and loans of the candidate in general elections. The Commission also decided to make public other information which will help scrutinizing of nomination papers in a transparent way. Senior officials of Federal Board of Revenue and State Bank […]
In response to what have been characterized as steadily improving inflation figures, the State Bank of Pakistan has cut its benchmark interest rate from 10.5% to 10%. The SBP earlier in August had reduced the interest rate by 150 basis points amid an improved inflation projection for 2012-13 and for encouraging private investment. The move […]
After a lot of talk and wait, the United States has finally released $1.1 billion to Pakistan of the Coalition Support Fund (CSF), the first installment of its kind since December 2010. The United States released the funds after Islamabad and Washington inked an agreement governing Ground Line of Communications (GLoC) for NATO forces battling […]
Karachi: (Monday, July 30, 2012) As the Eid-ul-Fitr approaches, the State Bank of Pakistan (SBP) decides to inject fresh currency notes in the market from August 01. To equally circulate the fresh currency notes, the SBP will utilize over 10,000 branches of the commercial banks across Pakistan. The fresh currency notes will be available to […]
Economy on a declining route; foreign direct investment to decline by 27-percent – SBP Karachi, Saturday, December 24, 2011: Foreign Direct Investment (FDI) in Pakistan has drastically fallen in last five months (July-November). As per the stats released by the State Bank of Pakistan, the reported decline in the FDI stands at 27%. Some of […]
Two day holiday: Interior Ministry notifies, Provinces dissent The Interior Ministry on Friday issued the notification for two-day holidays per week, following on from the decision taken by the cabinet to cope with power outages across the country. All government, semi-government and private institutions under the control of the federal government will remain closed on […]
A revision of the monetary policy by the State Bank of Pakistan on Saturday, October 8 attracted investors towards the stock market, but the KSE-100 index, used as a benchmark index, did not show any significant increase. SBP, citing low inflation numbers, adopted an aggressive expansionary policy, slashing the discount rate by 1.5% (150 bps) […]
