ECC Defers Summary on Increase in Prices of Medicines
The Economic Coordination Committee (ECC) of the Cabinet on Monday deferred summaries of the Ministry of National Health Services, Regulations, and Coordination on the fixation of maximum retail price (MRP) of 54 new drugs and the increase in prices of…
Reliance Cotton to Make Equity Investment of Rs. 1 Billion in Sapphire Fibres
The shareholders of Reliance Cotton Spinning Mills Limited (RCML) have accorded approval for an investment of up to Rs. 1 billion by way of equity investment in Sapphire Fibres Limited, an associated company.In a notice to the Pakistan Stock Exchange (…
Pakistan Imported Spices Worth Rs. 3.1 Billion in February
Pakistan imported spices worth Rs. 3.145 billion in February of the current fiscal year (FY23), up marginally from imports of Rs. 3.107 billion reported in the same month of the previous fiscal year (FY22), according to the data released by the Pakista…
Rupee Declines Against US Dollar, Other Currencies Despite Import Relief
The Pakistani rupee (PKR) reversed gains against the US Dollar and posted losses during intraday trade today.The Pakistani rupee was initially green during the early hours of intraday trade today with the interbank rate gaining Rs. 4 to reach 279.8 by …
Minister Reveals Flaws in Petrol Subsidy Scheme for Motorcycles and Small Cars
The Minister of State for Petroleum, Dr. Musadik Malik, acknowledged deficiencies in the government’s proposed fuel subsidy scheme’s first phase. However, the Minister defended the initiative and stated that it would not have any budgetary impact, ther…
First-Ever Approval of the Digital Lending App of an NBFC Company in Pakistan
The Center of Business Consultancy (Pvt.) Limited has successfully acquired the approval of the Securities and Exchange Commission of Pakistan (the Commission) for its foreign client to launch the first approved digital lending app in Pakistan.The Comm…
PC Board Reviews Matters Related to Privatization of HBFC
Privatization Commission (PC) Board meeting on Tuesday reviewed the matters related to the privatization of House Building Finance Company Limited (HBFC).The Privatization Commission (PC) Board meeting was held under the Chairmanship of Abid Hussain Bh…
IMF Has Not Made Any Demand Regarding Pakistan’s Nuclear Program: Dar
Finance Minister Ishaq Dar clarified on Monday that neither the International Monetary Fund (IMF) nor any other country has attached any other conditionality or made any demand from Pakistan concerning its nuclear capability.In a press statement, the f…