Tag: economic conditions
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State Bank of Pakistan maintains policy rate at 22% despite inflation concerns
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) convened today to deliberate on the prevailing economic conditions and has resolved to maintain the policy rate at 22 per cent for the fourth consecutive meeting.
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IMF wants Pakistan to implement property and agriculture tax
According to reports, the Washington-based institution has requested the Pakistani government to devise a plan for implementing taxes on the real estate and agricultural sectors, with the aim of bolstering the country’s revenue generation.
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Remittances in June 2023 decline by 21.4%, hitting $2.2 billion: SBP
In June 2023, remittances experienced a year-on-year decrease of 21.4 per cent, falling to the $2.2 billion mark compared to $2.8 billion in June 2022, according to data released by the State Bank of Pakistan (SBP).
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Diamond Industries suspends manufacturing operations due to unavailability of raw materials
A major manufacturer of foam products in Pakistan, Diamond Industries Limited has announced to suspend its manufacturing operations from today owing to a shortage of imported raw material.