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
The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including Pakistan, the European Union and China, over allegations of lax enforcement of forced labour bans, just as a temporary 10% global tariff expired. The move is the White House’s latest effort to restore President Donald Trump’s campaign vision of a near-global tariff after the U.S.
Service Industries Limited (SIL) announced on Friday that its wholly owned subsidiary Service Tyres (Private) Limited (STPL) intended to incorporate a wholly owned subsidiary under the name Service Tyres International (Private) Limited for expansion of tyre business. The company announced via a notice to the Pakistan Stock Exchange today. The notice stated that additional information regarding
Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut. Brent futures eased 72 cents, or 0.72%, to $99.97 a barrel as of 0126 GMT, but remained on course for a 13.5% advance this week. West Texas Intermediate (WTI