SBP Cuts Interest Rate to 19.5%
The State Bank of Pakistan (SBP) announced a one percent reduction in the interest rate on Monday, bringing it down to 19.5 percent. This...
Wholesalers and Grocers Announce Nationwide Strike Against Withholding Tax
The Wholesaler and Grocers Association announced a three-day strike across Pakistan starting July 31, in protest of the 'unjust' withholding tax imposed in the...
FPCCI Demands Industry Status for Packaging Sector and Revision of IPP Contracts
Zaki Aijaz, Regional Chairman and Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), on Monday called on the government...
Fitch Upgrades Pakistan’s Credit Rating to CCC+ After IMF Deal
Fitch has upgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to CCC+ from CCC, following the country's new deal with the International Monetary Fund...
Traders Threaten Nationwide Protests Over New Tax Scheme
The trader community has threatened to take to the streets in protest against the government's new tax scheme, which they have labelled as "anti-trader."...