Moody’s upgrades ratings of 5 major Pakistani banks
Upgrade benefits banks due to substantial holdings of sovereign debt securities
FINANCE
Gold prices in Pakistan see uptick once again
Silver prices remain stable, holding at Rs2,950 per tola
Goldman to lay off a few hundred employees in annual review
Investment bank reinstates performance-related job cuts in 2022 after halting for two years due to pandemic
FBR faces Rs113 billion shortfall in August tax collection
Board hopeful revenue collection will increase on final day of August, help reduce overall shortfall
Pakistan’s economic outlook: Inflation hits 32-month low
Current Account Deficit falls by 78% in July
Govt, SIFC launch strategy to combat grey market
New measures aim to boost GDP growth and stabilize currency exchange rates
Zindigi introduces Pakistan’s most inclusive contactless payment solution, “Zindigi Pay”
Your phone becomes POS machine for everyone
Govt accelerates IT Park development with SIFC support
Govt aims to boost IT exports to $25bn
Pakistanis have forgotten Rs97 billion in dormant bank accounts
Amount spread across 10.4 million temporarily closed accounts in various banks across country
Govt agrees to amend Tajir Dost Scheme following protests call
FBR says notification for amendment of SRO will be issued soon
Shutter-down strike across Pakistan halts business over rising taxes, electricity
Traders demand abolition of Tajir Dost Scheme, reductions in taxes within electricity bills
Pakistan again misses IMF agenda; strives to meet preconditions
Officials say Pakistan-specific IMF meeting may be called soon depending on country fulfilling preconditions
European companies cut jobs over poor economy
Elevated inflation, war in Ukraine have forced companies across Europe to freeze hiring or cut jobs
Gold prices dip as dollar gains ahead of US inflation data
Dollar index was up 0.1%, diminishing gold's attractiveness for foreign currency holders
Pending IMF loan delays external funding for Pakistan
Economic Affairs Division says Pakistan received only $436.3 million in external financial assistance in July
Australia limits admissions to foreign student
Minister says there are 10% more international students in universities than before Covid-19 pandemic
Pakistan's loan from IMF not on schedule again till Sept 4
Govt actively working to secure rollover of $12 billion in debt from China, Saudi Arabia, UAE
ADB identifies remittances as key pillar for Pakistan's economic stability
Bank emphasizes need for Pakistan to offer more incentives to overseas citizens
Govt launches right-sizing initiative across various ministries
Prime Minister Shehbaz Sharif has outlined 23 critical goals, which will be implemented in phases
Gold prices in Pakistan hit another record high
Silver rates per tola remain stable at Rs2,950
Govt focuses on 'Blue Economy' for economic growth
SIFC supports govt's initiative to boost maritime sector
Inflation rate sees slight dip after weeks of surge
Prices of 21 other items including as eggs, pulses, potatoes, beef, milk, and LPG, continue to soar
IMF to approve new loan program in September: FinMin
Says Pakistan needs external financing of $2 billion for the current fiscal year
Price hike for low-income customers, as govt ends BISP subsidy
Prices of essential items such as flour, sugar, ghee skyrocket for those earning less than Rs40,000
Govt shuts down all Utility Stores across country
Prime minister seeks recommendations for introduction of alternative system to such stores
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