State Bank of Pakistan (SBP) Governor Jameel Ahmad has emphasised that the country's economic outlook has got better, following improvement in macroeconomic indicators, caused by measures taken by the government and central bank. In his message read out by Executive Director Muhammad Haroon Rasheed at Independence Day celebrations at the SBP, the governor pointed out that inflation had signific
Several businesses and customers, who rely heavily on internet for their work, vociferously opposed the government's decision to install a firewall on the internet that has resulted in the disruption across the country. The Pakistan Software Houses Association (P@SHA) as well as parliamentarians finally broke their silence and spoke against the firewall at a time when the telecom operators were
The country’s economy could lose up to $300 million due to internet disruptions caused by the imposition of a national firewall, the Pakistan Software Houses Association (P@SHA) said in a press release on Thursday. The government is implementing an internet firewall to monitor and regulate content and social media platforms. The government denies the use of the firewall for censorship. Ali I
The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved disbursement of monthly subsidy to Utility Stores Corporation (USC) at higher rate per household and turnover tax at 1.25 per cent on USC. A meeting of the ECC, presided over by Finance Minister Muhammad Aurangzeb, also approved another request of Ministry of Industries & Production to declare Warehousing and Logistic
The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $119 million during the week ended August 9, the central bank announced on Thursday. The SBP’s forex holdings rose to $9.27 billion from $9.15bn in the preceding week. The central bank has recently said that the country needs just $7bn for the debt servicing as rest of the debt would be rolled over. After announcing th