News

The Pakistan Stock Exchange Limited (PSX) has advised the government to take significant steps to digitise Pakistan’s payment system and document the country’s cash-based economy, which accounts for 35 to 50 percent of GDP.

In July, when the Chinese Foreign Minister visited, the Pakistani government resolved to pay the Rs. 300 billion in unpaid debts owed to Chinese independent power producers (IPPs).

In the paper auction held on Wednesday, the cut-off yields on Treasury Bills (T-Bills) increased by up to 1 basis point (bps).

Shahid Khaqan Abbasi, a senior member of the Pakistan Muslim League Nawaz (PMLN), and a former prime minister, have alleged that 20 billion rupees in “corruption” occurred during the Ramadan programme to distribute free flour.

High-speed diesel’s price has decreased, but the price of fuel would not change for the next two weeks, according to Finance Minister Ishaq Dar.

The Reforms and Resource Mobilisation Commission (RRMC) meeting was presided over by Finance Minister Ishaq Dar on Saturday at Finance Division.

Monkeypox (Mpox) has not been found in any of the four passengers who landed from the UAE at Karachi Airport’s Jinnah International Terminal earlier this week, according to the Sindh Health Department.

Pakistan only has 11 data centres, which puts it behind its regional rivals in the data centre business despite the unmet need. According to the Digital Economy Report released by The Overseas Investors Chamber of Commerce and Industry (OICCI), Vietnam’s market is valued at $454 million and Malaysia’s market is worth $1 billion.

The government predicted that headline inflation (CPI) will continue to be high in the upcoming months on Saturday.