The government exceeded its borrowing target in the treasury bills (T-bills) auction held on Wednesday, raising Rs201.8 billion against Rs175bn, but kept cut-off yields largely unchanged. The auction saw bids surpassing Rs1tr, though the amount raised remained within the targeted range. According to the State Bank of Pakistan (SBP), a total of Rs1,071bn in bids were submitted, with the governme
Pakistan and Iran have signed a series of crucial protocols aimed at dismantling tariff and non-tariff barriers, expanding electricity exchanges, and strengthening communication channels to increase bilateral trade volume significantly. The protocols were signed at the conclusion of the Pakistan-Iran Joint Economic Commission (JEC) held in Tehran. Pakistan’s Commerce Minister Jam Kamal Khan and
Pyrilla and whitefly infestations have become a significant threat to sugarcane production across Pakistan due to rising humidity levels. The Ministry of National Food Security and Research has warned that delays in controlling these pests could cause irreversible damage to the crop. The ministry has urged sugarcane growers to take immediate preventive and control measures. Farmers are advised
With at least five companies interested in entering the Pakistani market, the Pakistan Telecommunication Authority’s (PTA) spadework for launching satellite internet services in the country is almost complete. However, a final requirement — registration of the service providers with the Pakistan Space Activities Regulatory Board (PSARB) — has yet to be fulfilled, holding up large amounts of
The KSE 100 index closed up 796 points at 156,467 on Tuesday, as a positive economic outlook lifted market sentiment, as investors reacted favourably to the State Bank of Pakistan’s (SBP) latest remarks on the flood crisis and the broader economic environment. The SBP’s in its monetary policy statement provided reassurance, stating that while the flood situation remains ongoing, its economi