Miftah Ismail, then-minister for finance and revenue, speaks during an interview with Reuters in Islamabad, on September 18, 2022. — ReutersMiftah says govt gave Rs35 petrol profit to oil firms.Ex-FinMin says diesel hike handed Rs70 extra profit.Awam Pakistan leader urges govt show…
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Middle East tensions pose downside risks to Pakistan’s financial stability: SBP
The State Bank of Pakistan building in Karachi. — APP/FileOil prices may stay higher longer.Global supply chains face potential disruptions.Experts rank geopolitical risks as top threat.
KARACHI: The State Bank of Pakistan has cautioned that prolonged uncertainty stemming…
SBP allows teenagers to independently open, operate bank accounts
The facade of the State Bank of Pakistan’s building in Karachi. — AFP/File
In an important move to build a financially savvy young generation, the State Bank of Pakistan on Wednesday introduced a new framework for teenagers’ accounts, enabling them to independently own and…
Two firms acquire 56% interest in Pearl Continental Hotels for over Rs12bn
An outside view of PC Hotel building in Karachi. — PC Hotels website/FileDawood Jan Muhammad acquires 9,107,800 for over Rs6.3bn.AKD Holding gets 9,089,651 shares of Pakistan Services Limited.PSL’s shares acquired by two entities at the rate of Rs700 per share.