In the aftermath of the recent election results, Pakistan’s dollar bonds have encountered a substantial downturn, marking a period of financial volatility for the country. The impact of the political developments on the international financial market has triggered a notable decline in the value of Pakistan’s dollar-denominated bonds, reflecting the uncertainty and investor concerns. Key…
In a groundbreaking move towards enhancing regulatory processes, the Securities and Exchange Commission of Pakistan (SECP) has introduced a state-of-the-art online filing system known as EZFile. This innovative platform marks a significant leap in digitizing and streamlining filing procedures, aiming to provide stakeholders with a more efficient and user-friendly experience. Key Features of SECP’s New…
Highlighting the urgency of the situation, a former State Bank of Pakistan (SBP) Governor asserts that Pakistan must embark on a new International Monetary Fund (IMF) program to effectively manage and address the challenges associated with servicing previous debts. The call for a fresh IMF program underscores the pressing need for a comprehensive financial strategy…
In a significant financial downturn, the Pakistan Stock Exchange (PSX) witnesses a sharp decline, with a staggering drop of over 2000 points. This substantial market correction has been attributed to the prevailing uncertainty surrounding the outcomes of the recent elections, raising concerns and prompting a substantial sell-off among investors. Key Highlights of PSX’s Over 2000…
In a significant move, Mari Petroleum is gearing up to acquire a working interest in two exploration blocks currently under the management of its Canadian subsidiary. This strategic decision holds considerable implications for Mari Petroleum’s exploration and production endeavors and is poised to shape the company’s footprint in the global energy landscape. Key Aspects of…
A large group of premium tobacco producers and workers from a few tobacco growers’ countries, Colombia, Panama, Honduras and Nicaragua, have protested on February 5th in front of the Panama Convention Centre where the tenth Conference of the Parties (COP 10) of the World Health Organization’s (WHO) Framework Convention on Tobacco Control (FCTC), is currently…
In a recent development, the Cabinet Committee on Energy has given its nod to crucial amendments in the Refineries Policy 2023. This decision holds significant implications for the energy sector, shaping the trajectory of refinery operations and policies governing their functions. Key Considerations in the Approved Amendments to Refineries Policy 2023: Rationale Behind Amendments: Delving…
In a noteworthy development, the government has begin talks with the International Monetary Fund (IMF) to address and resolve the persisting issue of circular debt. This marks a proactive step towards finding comprehensive solutions to the challenges posed by the mounting circular debt, reflecting the government’s commitment to fiscal stability and effective energy sector management….
In a significant development, Pakistan Petroleum Limited (PPL) approves for funding aimed at facilitating the Government of Balochistan’s capital contribution to the Lead-Zinc Mining Project. This marks a crucial step forward in ensuring the financial support necessary for the initiation and progress of the mining venture, aligning with the broader objectives of fostering economic growth…
In a notable development, the government has submitted a formal request seeking a one-year extension for the World Bank-funded project dedicated to the Federal Board of Revenue (FBR). This request signals a strategic move to address potential challenges or delays in the implementation of the project and underscores the government’s commitment to leveraging external support…
