2 mins read

IMF urges Pakistan to prioritize structural reforms

TO ADDRESS POWER SECTOR CIRCULAR DEBT PSMU Desk ISLAMABAD: The International Monetary Fund (IMF) has called on Pakistan to accelerate efforts to tackle the long-standing issue of circular debt (CD) in the power sector, urging a shift toward comprehensive structural reforms. These reforms, according to the IMF, should go beyond previous strategies focused solely on […]

1 min read

KATI president welcomes ADB delegation, highlights opportunities for sustainable development

By Commerce Reporter KARACHI: President of the Korangi Association of Trade and Industry (KATI), Mohammad Ikram Rajput, welcomed Mr. Shinya Kondo, Team Leader of the Asian Development Bank (ADB), along with Mr. Roger Clay, Technical Advisor at ADB, and Mr. Yousuf Munir, Consultant at ADB, during their visit to the Korangi Industrial Area. He noted […]

1 min read

SBP injects Rs10.5t into market via Open Market Operations

By Commerce Reporter KARACHI: The State Bank of Pakistan (SBP) has successfully conducted an Open Market Operation (OMO), injecting a total of Rs10.48 trillion into the banking system. Of this amount, Rs10.27 trillion was injected through a reverse repo OMO, while the remaining Rs214.7 billion was provided through a Shariah-compliant Modarabah-based OMO. Open Market Operations […]

1 min read

Meta, Pakistan join forces to combat online fraud

By Staff Reporter Islamabad: Addressing the critical issues of online fraud and the protection of vulnerable communities, senior representatives from Meta held a significant meeting with Pakistan’s Federal Minister for IT & Telecommunication, Shaza Fatima Khawaja, to discuss a collaborative approach to enhancing digital safety and responsible technology governance across the nation. According to information […]

13 mins read

PM Shehbaz Sharif calls on world to urge Kabul to rein in terrorists operating from Afghan soil

Prime Minister Shehbaz Sharif called on the international community on Friday to urge Afghanistan to fulfil its international “obligations” and rein in terrorist outfits operating from its territory. The premier made these remarks while addressing an international forum in Turkmenistan, where he also held bilateral meetings with Turkish President Recep Tayyip Erdogan and Iranian President […]

1 min read

Gold prices surge in Pakistan, up by Rs10,700 per tola

By Commerce Reporter KARACHI: Gold prices in Pakistan saw a significant increase on Friday, with 24-karat gold rising by Rs10,700 per tola, reaching Rs454,262. The price of 24-karat gold per 10-gram also surged by Rs9,174, settling at Rs389,456, according to data from the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). In addition, the price of […]

3 mins read

PVARA grants NOCs to Binance and HTX

REGULATED VIRTUAL ASSET MARKET PSMU Desk ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) has granted No Objection Certificates (NOCs) to global cryptocurrency platforms Binance and HTX, marking a significant step towards the formal regulation of virtual assets in the country. This decision, announced today through a press statement, is part of Pakistan’s broader effort […]