Government Debt

Government Debt Surges, Exceeding Legal Limit by Rs. 14.5 Trillion

In a significant financial development, the government’s debt has experienced a substantial increase, soaring Rs. 14.5 trillion beyond the legally prescribed limit. This noteworthy escalation in government debt raises concerns about fiscal responsibility, financial management, and adherence to established legal boundaries. Key Aspects of the Surge: Magnitude of Increase: The surge in government debt by…

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Minister for Commerce

Minister for Commerce and Interior Visits OICCI to Address Investor Concerns

Dr Gohar Ejaz, minister for commerce and interior, along with Board of Investment (BoI) Secretary Sohail Rajput, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on Wednesday to engage with foreign investors and discuss critical issues affecting Pakistan’s business landscape. During the meeting, OICCI CE/Secretary General M Abdul Aleem delivered a comprehensive briefing…

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bank exchange rates

SBP Maintains Interest Rate at 22% for Banks

In a recent development, the State Bank of Pakistan (SBP) has decided to maintains the interest rate for banks at the existing level of 22%. This decision comes after a thorough assessment of the prevailing economic conditions, inflationary pressures, and other relevant factors influencing the country’s monetary landscape. The central bank’s move to keep the…

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nationwide dealers

Fertilizer industry urges nationwide dealers to ensure Urea sales at announced market retail prices (MRPs)

In a groundbreaking move, leading fertilizer manufacturing companies in Pakistan, including Fauji Fertilizer Company Limited (FFC), Fauji Fertilizer Bin-Qasim Limited (FFBL), Engro Fertilizers Limited, Fatima Fertilizer Company Limited, and Agritech Limited, jointly hosted a convention with nationwide dealers on January 29, 2024, at Falettis Hotel, Lahore. The primary objective of this convention was to engage…

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