Prime Minister Shehbaz Sharif said on Wednesday that the government was working on regulating digital currencies. Presiding over an Economic Advisory Council (EAC) meeting, the prime minister said: “Consultations are underway regarding the regulation of digital currencies.” A Prime Minister’s Office (PMO) source told Dawn that the PM believed the world was turning towards digital currencies.
The Senate Standing Committee on Finance has expressed concern over the backlog of trucks at the Pak-Iran border, citing bureaucratic obstacles as a major trade barrier. The committee urged the government to take immediate steps to resolve the issue. During a meeting chaired by Senator Saleem Mandviwalla, members discussed key financial and trade challenges, including tax reforms, money bills a
With a 1.6 per cent growth in electricity demand over last year, the public sector power distribution companies (Discos) have sought about Rs2 per unit negative fuel price adjustment (FCA) for electricity consumed in January as nuclear power emerged as the single largest source with 27pc contribution to the national grid. If approved, the ex-Wapda Distribution Companies (Disco) would have to re
The Ministry of Finance (MoF) on Wednesday reported the aggregate losses of the state-owned enterprises (SOEs) at Rs851 billion during 2023-24 and their total loans at Rs9.2 trillion — almost equal to FBR revenues — posing serious financial and credit risks. In its Aggregate Annual Report of federal SOEs for FY24, as required under the IMF programme, the MoF said that after accounting for prof
Pakistan Stock Exchange (PSX) on Tuesday closed on a highly bullish note as increased investor interest in lucrative stocks propelled the benchmark KSE-100 index higher by 1,345 points. Investor optimism was driven by several factors, including the approval of $40 billion in investment under the country partnership framework by the World Bank, rising global crude oil prices, robust textile expo