Pakistan’s Central Bank Maintains Record High Policy Rate

by

Pakistan’s central bank has opted to maintain its benchmark policy rate at 22% for the third consecutive time in four months, in line with market expectations. The State Bank of Pakistan (SBP) has justified this decision by asserting that this rate effectively balances inflation and economic activities. In their most recent monetary policy statement issued … Read more

PIA Commits to Clearing Fuel Payment Dues,

by

Pakistan International Airlines (PIA) has made a firm commitment to Pakistan State Oil (PSO), pledging Rs1.35 billion for fuel supplies. This financial support enabled PSO to extend a credit facility of Rs500 million, ensuring the continuous operation of PIA. Facing financial constraints and PIA’s default on payments, PSO responded by increasing the credit limit for … Read more

Pakistan Issues Deportation Ultimatum to Afghan Residents

by

Amid Pakistan’s deportation orders, Afghanistan faces its economic hardship, cut off from the international banking system and heavily reliant on humanitarian aid, especially as the bitter cold winter months approach. Since the Taliban took power in August 2021, relations have soured between the two countries, leading to hundreds of thousands of Afghans crossing the border … Read more

Munazza Shaheen Makes History as First Pakistani Female Golf Referee

by

Munazza Shaheen has achieved a remarkable milestone for Pakistan in the world of international golf. Her achievement is particularly noteworthy because she is the only woman selected by the renowned Royal & Ancient (R&A) Scotland and the Asia Pacific Golf Confederation (APGC) to officiate in an all-male international golf tournament. She is currently a part … Read more