Oil rises on Red Sea jitters, Russian export cut
LONDON: Oil rises on Red Sea jitters, Russian export cut Oil prices climbed on Monday, buoyed by heightened tensions in the Red Sea following attacks by the Houthis on ships,…
Unraveling the Energy Sector Navigating Through a Challenging Landscape
The Energy Sector Unveiled: A Nightmare for the Country, Reveals Key Stakeholders! Caretaker Prime Minister Anwaar-ul-Haq Kakar recently labeled the energy sector as ‘a nightmare for the country,’ citing the…
Navigating the Tax Landscape: Stakeholders Express Concerns Over Recent Proposal
KARACHI: The proposal for doubling tax collection from business individuals and salaried person will hurt the middle and upper middle income groups. Ateeq ur Rehman, an economic and financial analyst,…
Pakistan’s current account posts surplus of $9mn in November
In October 2023, Pakistan experienced a noteworthy surplus in its current account, signaling a positive shift attributed to a notable surge in exports and remittances, coupled with a slight decrease…
Israel-Qatar meet, raising prospects of Gaza hostage talks
Israel’s offensive has killed close to 19,000 people, according to Gaza health authorities, and left thousands buried in the rubble CAIRO/GAZA/OCCUPIED JERUSALEM: Israel appeared to confirm that new negotiations were…
Fed flags end of rate hikes, sees lower borrowing costs in 2024
WASHINGTON: Fed flags end of rate hikes the Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy…
SBP chief urges banks to increase presence in agriculture sector
Governor of State Bank of Pakistan (SBP) Jameel Ahmad urged banks to ensure easy, timely and hassle-free access of farmers to all financial services. In a recent statement from the…
FBL pioneers Braille inclusive hiring forms for PWDs
KARACHI: Faysal Bank Limited (FBL) and Boltay Huroof marked the International Day of Persons with Disabilities (PWDs) by pioneering Braille inclusive hiring forms. At a prestigious event hosted at FBL,…
145 government organizations: The FBR outlines the concept of ‘economic transaction’ to oversee data maintenance.
‘Economic transaction’ The Federal Board of Revenue (FBR) is set to keep track of economic transactions involving the transfer of gifts and personal remittances by collecting data from 145 government…
Banks facing challenges as KSE-100 experiences a slowdown
The banking sector felt the heat at the Pakistan Stock Exchange (PSX) as the KSE-100 Index shed more than 900 points due to profit-taking in Monday’s intra-day trading. Around 11:15…