ISLAMABAD (Pasar Pakistan): The Shawwal moon was observed in Lahore, Islamabad, and other areas of the nation on Sunday, prompting the Central Ruet-i-Hilal Committee to declare that Eidul Fitr will fall on Monday (today). While zonal and district Ruet-i-Hilal committee meetings were held concurrently at their respective headquarters, the announcementRead More →
Following the confirmation of the Shawwal crescent moon sighting on Saturday night by religious officials in both Saudi Arabia and the United Arab Emirates, Eid al-Fitr will be celebrated on Sunday in both countries. Al Arabiya News reports that Qatar has likewise declared Sunday to be the first day ofRead More →
KARACHI: A Letter of Intent (LOI) to work together on the creation of a Center for Islamic Finance has been signed by Meezan Bank and The Institute of Chartered Accountants of Pakistan (ICAP). By improving professional competence through education, training, and certification programs, this project seeks to fortify the IslamicRead More →
ISLAMABAD : According to Julie Kozack, director of communications for the International Monetary Fund (IMF), Pakistan will get $1.3 billion in installments over 28 months under the Resilience and Sustainable Facility (RSF). During a press conference, Kozack stated that the staff-level agreement mentions $1.3 billion for the RSF for theRead More →
The World Bank Group’s Board of Directors has authorized a $300 million International Development Association (IDA) loan for the Punjab Clean Air Program (PCAP), which would improve air quality management and battle pollution. PCAP will help the Punjab government’s Smog Mitigation Action Plan (SMAP) address the pressing issue of smogRead More →
The International Monetary Fund (IMF) has granted partial permission for a 2% decrease in withholding tax on property transactions, in response to a request by the Federal Board of Revenue. The adjustment, which will take effect in April 2025, is intended to enhance real estate company activity. However, the withholdingRead More →
Mobile internet connectivity in Quetta was halted for the fourth day in a row on Sunday. As a result, mobile internet customers and service providers suffered greatly. Students and traders were also adversely affected by the stoppage of internet connectivity. Provincial officials have provided no explanation for the suspension ofRead More →
The State Bank of Pakistan (SBP) has verified that fresh, crisp banknotes would be available for Eid, denying reports that no new notes were created this year. According to SBP officials, commercial banks throughout Pakistan have already received Rs 27 billion in new currency notes, making them available to theRead More →
This week, the Privatization Commission Board approved the transaction structure for a renewed effort to divest 51 to 100 percent of Pakistan International Airlines Corporation Limited (PIACL) shares, as well as management control. The board, chaired by Muhammad Ali, the newly appointed prime minister’s adviser on privatization and chairman ofRead More →
According to Pasar Digital on Sunday, the Security and Exchange Commission of Pakistan (SECP) registered 3,046 new businesses in February 2025, bringing the total to 2,46,608 businesses.Using the digital platform, 99.9% of new businesses were registered by SECP.According to recent data, 38% of businesses were registered as single members, whileRead More →