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 […]

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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 […]

2 mins read

SOE Reforms and Sindh Coastal Resilience: ADB approves $540m for Pakistan

By Commerce Reporter ISLAMABAD: The Asian Development Bank (ADB) has approved two significant projects worth a total of $540 million to support Pakistan’s state-owned enterprise (SOE) reforms and enhance climate resilience in Sindh’s coastal districts. The financing package includes a $400 million results-based loan for the Accelerating SOE Transformation Program, aimed at addressing long-standing governance […]

1 min read

Cabinet nods diversion of 45 LNG cargoes to tackle shrinking domestic demand

PSMU Desk ISLAMABAD: The federal cabinet has approved the diversion of 45 liquefied natural gas (LNG) cargoes in response to declining domestic demand for gas. This move follows a decision by the Economic Coordination Committee (ECC), which had already endorsed the plan. The proposal was presented to the cabinet during a recent meeting, where it […]