Sitara Petroleum Service Limited (PSX: SPSL) has clarified that certain media and social media reports currently in circulation relate to companies belonging to the Sitara Group of Industries, including Sitara Energy Limited and Sitara Chemical Industries Limited, and do not pertain to SPSL. The Company confirmed that it is not part of the Sitara Group of Industries and has no ownership, manage
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $32.8 million or 0.19% WoW to $17.26 billion during the week ended on July 17, 2026, data released by State Bank of Pakistan showed on Thursday. However, the country's total liquid foreign exchange reserves slipped by $5.9m, or 0.03% WoW, to $22.67bn, as reserves held by commercial banks declined during the week
Prime Minister Shehbaz Sharif has directed authorities concerned to further improve the country's digital infrastructure, stressing that the promotion of the IT sector and enhancement of IT-related exports remain among the government's top priorities. The directive came as the Prime Minister chaired a review meeting on the implementation of the strategic roadmap for the Information Technology s
The State Bank of Pakistan (SBP) has announced the appointment of primary dealers and special purpose primary dealers for fiscal year 2026-27. SBP invited applications for selection of Primary Dealers and Special Purpose Primary Dealers for this fiscal year from all eligible institutions. Upon evaluation of all applicants under the criteria laid down in the rules, some 10 financial institutions
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a series of meetings with the senior management of the International Monetary Fund (IMF), including Dan Katz, First Deputy Managing Director, Nigel Clarke, Deputy Managing Director, Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, and Ms Iva Petrova, Mission Chief for Pakistan. During the meeti