Pakistan earns Rs400 bn revenue via e-stamping system
WEB DESK: A significant achievement has been recorded in revenue collection across Punjab, Sindh, and Khyber Pakhtunkhwa, surpassing the Rs400 billion milestone since the implementation of the e-stamping system. The development came to light during a recent progress review meeting led by Chairman Faisal Yousaf of the Punjab Information Technology
Bank borrowings hit Rs6.2 tr in just 10 months
WEB DESK: Pakistan’s government surpassed its treasury bills auction target, raising Rs640 billion on Wednesday, while simultaneously reducing the cut-off yields for various tenors by up to 49 basis points. Despite a target of Rs450 billion, the overwhelming response saw bids totaling over Rs1.8 trillion, indicating investors’ preference for risk-free