Finance

Finance
Most of Pakistani Bank Accounts Holders Has Less than 50,000 PKR

Most of Pakistani Bank Accounts Holders Has Less than 50,000 PKR

It is reported by some news websites, including ProPakistani, that only around3% of bank account holders in Pakistan hold more than PKR 1 million, according to data from the country’s central bank.

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Pakistan Stock Exchange Ends at 130,334 points, which is the Highest Ever

Pakistan Stock Exchange Ends at 130,334 points, which is the Highest Ever

Today the Pakistan Stock Exchange has broken all previous records, as the Pakistan Stock Exchange, which is also known as PSX, ended today at 130,334 points.

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Pakistan Posted Trade Deficit of USD 2.3 Billion for June 2025

Pakistan Posted Trade Deficit of USD 2.3 Billion for June 2025

It is a much-needed reform for Pakistan, as its trade deficit is lower compared to the same month last year, and it is around USD 2.3 billion.

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Significant increase in Petrol Price In Pakistan due to Global Conflict

Significant increase in Petrol Price In Pakistan due to Global Conflict

The government of Pakistan has been notified of a significant price increase for petroleum products due to the Iran-Israel war.

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Gov of Pak Secures USD 3.4 Billion loan via Rollover due to IMF Commitment

Gov of Pak Secures USD 3.4 Billion loan via Rollover due to IMF Commitment

It is expected that Pakistan will not be able to secure a China rollover externally, which amounts to USD 3.4 billion.

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Pakistan after a decade lost nearly USD 2.6 Billion in a Week

Pakistan after a decade lost nearly USD 2.6 Billion in a Week

After a decade or so, in just 1 week, Pakistan's forex reserve has declined to around USD 2.6 billion due to external debt repayments.

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Government allows up to PKR 100 Million Cash Withdrawal for Non Filer

Government allows up to PKR 100 Million Cash Withdrawal for Non Filer

This is the biggest U turn of this government as they have taken a step back from blocking all the non filers account and now they will allow up to PKR 100 million withdrawal for non filers.

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FBR Eases Transaction limits for Non Filers for Property and Car Purchase

FBR Eases Transaction limits for Non Filers for Property and Car Purchase

The government of Pakistan and the FBR proposed to ban current accounts and savings accounts of non-filers in Pakistan.

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Senate Agreed with FBR to increase the limit of Property Purchase for Non filer

Senate Agreed with FBR to increase the limit of Property Purchase for Non filer

It is reported that the Senate rejected the proposal of the FBR to stop property purchases by non-filers, and such a proposal could impact the finances of the common person.

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Pakistan Posted CAD of US 103 Million for the Month of May

Pakistan Posted CAD of US 103 Million for the Month of May

As expected, Pakistan has posted a current account deficit of US 103 million due to low interest rates and falling exports.

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SBP Maintains Interest Rate at 11% due to Iran and Israel War

SBP Maintains Interest Rate at 11% due to Iran and Israel War

The State Bank of Pakistan has held the interest rate steady at 11% due to the ongoing war between Iran and Israel in the Middle East.

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Senate Rejects the Proposal for Power To Arrest in Tax Fraud Case

Senate Rejects the Proposal for Power To Arrest in Tax Fraud Case

It is reported that the Senate Standing Committee on Finance has rejected the proposal of the FBR to arrest taxpayers in tax fraud cases without a court order.

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