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The State Bank of Pakistan (SBP) on Monday reduced its key policy rate by 50 basis points to 10.5% with effect from  December 16, 2025. The decision was taken by the Monetary Policy Committee (MPC) at its scheduled meeting, marking a resumption of monetary easing after the policy rate had remained unchanged for four consecutive […]

Fecto Cement Limited (PSX:FECTC)  has disclosed a temporary operational development concerning its cement manufacturing plant located at Sangjani, Islamabad. The facility is currently under a temporary suspension of operations due to certain administrative and procedural matters with local authorities, according to the company’s statement issued today. The Company is actively engaging with the relevant forums […]

By Commerce Reporter ISLAMABAD: Bilal bin Saqib, Special Assistant to the Prime Minister for Binance and Crypto and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), clarified that the recent issuance of no-objection certificates (NOCs) to global cryptocurrency exchanges Binance and HTX is not a “blanket approval” but rather the first step in a […]

SETS STRICT CIRCULAR DEBT TARGET AT RS400B By Commerce Reporter KARACHI: The International Monetary Fund (IMF) has reduced Pakistan’s power sector subsidies by Rs143 billion, setting a strict target to limit the flow of circular debt to Rs400 billion for the current fiscal year. This revised target, part of Pakistan’s ongoing IMF-backed economic reforms, aims […]

PSMU Desk ISLAMABAD: The Ministry of Finance clarified yesterday that the structural benchmarks outlined under Pakistan’s IMF Extended Fund Facility (EFF) are part of a phased, medium-term reform agenda agreed upon with the Fund, and not new or additional conditions as recently suggested in the media. The clarification comes in response to commentary describing the […]

Pakistan’s petroleum dealers oppose deregulation policy. Pakistan’s petroleum dealers have strongly rejected the deregulation policy and indicated that they may shut down petrol pumps across the country, Express News reported. Abdul Sami Khan, Chairman of the All Pakistan Petroleum Dealers Association, voiced his concerns in a video message, stating that deregulating fuel prices would lead […]

By Commerce Reporter ISLAMABAD: In a significant move to harness emerging financial technologies, the Ministry of Finance signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., one of the world’s leading blockchain and digital asset technology firms. The agreement marks a pivotal step toward enhancing Pakistan’s capital markets and expanding global investor access […]

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 […]

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 […]