Finance Minister Muhammad Aurangzeb says his singular agenda is to focus on the implementation of much-needed reforms and to negotiate a new larger deal with the International Monetary Fund (IMF) to pull the economy out of the crisis. “No debates, no waste of time — just a steadfast commitment to implementation,” the former Habib Bank chief told Dawn soon after being sworn in as the federal fin
The State Bank of Pakistan (SBP) on Monday chose to maintain the status quo by upholding the key policy rate at 22 per cent for the sixth policy meeting in a row. The decision was the first under the newly elected government. It also comes ahead of the International Monetary Fund (IMF)’s last review due on March 14 -18 for the $1.1 billion disbursement under the current Stand-By Arrangement (SB
Oil prices climbed about two per cent to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the US. Brent futures rose $1.45, or 1.7pc, to $86.79 a barrel by 1:50pm EDT (1750 GMT), while US West Texas Intermediate (WTI) crude rose $1.54, or 1.9pc, to $82.58. That pushed both benchmarks into technically o
ISLAMABAD: Commerce Minister Jam Kamal on Monday met separately with sugar millers and ethanol manufacturers with the former seeking unrestricted molasses exports and the latter requesting that it be converted into a value addition before being shipped out of the country. The meetings held at the commerce ministry aimed at fostering dialogue and finding feasible solutions to the challenges face
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines to NBFCs involved in digital lending to ensure best practices in advertisements and call centre management. The guidelines were designed to prioritise borrower protection and to prevent deceptive marketing and unethical call centre practices. Non-banking financial companies (NBFCs), licensed by the SEC