The State Bank of Pakistan (SBP) on Wednesday slashed treasury bill (T-bill) yields by up to 39 basis points, signalling possible room for a policy rate cut in the upcoming monetary policy meeting scheduled for July 30. Despite maintaining the benchmark interest rate at 11pc since May, the central bank’s latest T-bill auction reflects a shift in market sentiment, with expectations rising for mo
The National Assembly’s Standing Committee on Economic Affairs Division (EAD) expressed concern on Wednesday over the privatisation of profit-making power distribution companies (Discos) and the financial loss incurred from generating surplus electricity. The committee, chaired by MNA Muhammad Atif, also reprimanded the National Highway Authority (NHA) for the absence of its chairman and Comm
As a nationwide crackdown on sugar hoarders is underway, the Public Accounts Committee (PAC) has raised serious concerns over mismanagement in the sugar sector, loan defaults by mills, and large-scale irregularities involving public institutions. During its sitting on Wednesday, National Food Security Secretary Amir Mohyuddin revealed that although the area under sugarcane cultivation increase
Prime Minister Shehbaz Sharif on Wednesday directed the authorities to ensure that the Privatisation Commission would be given full autonomy as per the law to eliminate red tape and unnecessary elements during the denationalisation process of the state-owned enterprises (SOEs). Presiding over a meeting to review progress SOE privatisation, the PM underlined that the privatisation of loss-making
US President Donald Trump has announced a “massive” trade deal with Japan, as China said it will send its vice premier to US trade talks next week to secure its own agreement ahead of a looming deadline. In an attempt to slash his country’s colossal trade deficit, the US president has vowed to hit dozens of countries with punitive “reciprocal” tariffs if they do not hammer out a pact with Washi