Every year, when June approaches, the country’s ruling elites begin rehearsing a familiar ritual. International Monetary Fund teams descend on Islamabad, the Ministry of Finance starts speaking the language of “stabilisation”, the Federal Board of Revenue sharpens…
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Ogra issues clarification on upcoming petroleum prices review
A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi on September 16, 2023. — ReutersRegulator calls price cut reports speculative, not official working.Diesel, kerosene, LDO cuts…
SBP keeps policy rate unchanged at 11%
The logo of the State Bank of Pakistan is pictured on a reception desk at the bank’s head office in Karachi. — Reutrs/FileSBP holds key policy rate for third straight time.Flood-hit crops raise inflation risks, dampen recovery hopes.Analysts warn food shocks may push inflation…
PSX starts week strong as earnings optimism lifts sentiment
Brokers are busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, June 4, 2025. — PPIKSE-100 Index closed at 142,052.64 points, up 1,017.66 points, or 0.72%.Index touched intraday high of 142,323.34, gaining 1,288.36 points, or 0.91%.Session’s low was recorded at…