The finance ministry and a delegation of the International Monetary Fund (IMF) on Thursday kicked off the second and last review of Pakistan’s $3 billion standby arrangement with the body. The ministry had said a day ago the review would be a four-day affair and hoped for a for a successful IMF staff-level agreement after the appraisal, saying that “Pakistan has met all structural benchmarks, q
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments to the Companies (Further Issue of Shares) Regulations 2020, simplifying the right issuance process with single, standardised disclosure and reporting requirements applicable for all right issues regardless of the issue size. Under the new amendments, the issuers will have to solicit comments from b
ISLAMABAD: Iranian Ambassador Dr Reza Amiri Moghadam said on Thursday that a Free Trade Agreement (FTA) is likely to be finalised in the upcoming visit of Iranian President Ebrahim Raisi to Pakistan. Addressing the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI), the Iranian envoy said the FTA would increase mutual trade and several bilateral economi
ISLAMABAD: The Sui Southern Gas Company Ltd (SSGCL) on Thursday accused ‘front men’ of Liquefied Petroleum Gas (LPG) market operators of making complaints before the government institutions to block state-owned entities’ retail business for creating shortages and black marketing the product for personal gains. “Most of the complainants are self-proclaimed stakeholders and they themselves do not
KARACHI: The formation of a new government and positive signals from the International Monetary Fund have brought down the dollar to a five-month low against the rupee, reflecting a growing confidence in the stability of the exchange rate. For the last three months the exchange rate remained stable at close to Rs 280 in the interbank market. In fact, the rupee has kept rising inch by inch again