National
Nawaz Sharif Blames Imran's Backers for Economic Woes
Former PM Nawaz Sharif the supreme leader of PML-N, asserted that the imposition of Imran Khan as the Prime Minister halted the wheels of progress. Speaking at
Access to finance
World
Pakistan Unveils Retail Tax Reform
Pakistan has formally communicated to the International Monetary Fund (IMF) its intention to introduce an indicative income-based tax targeting retailers, with the aim of augmenting their annual
National
Pakistani Rupee Against USD: Promising Economic Turnaround
In a remarkable display of resilience and economic recovery, the Pakistani rupee has surged, appreciating by 1.4 percent against the US dollar in the interbank market throughout
Corporate
"USD to PKR: Pakistan's Dollar Exchange Rate – August 31, 2023"
In the world of financial fluctuations, where currencies constantly dance to the tune of global markets, the exchange rate between the US Dollar (USD) and the Pakistani Rupee
Insights
Bitcoin and Ethereum: Price Analysis and Future Prospects
The cryptocurrency market, particularly Bitcoin (BTC) and Ethereum (ETH) has been witnessing fluctuations due to various factors impacting investor sentiments. Speculations about the US Federal Reserve slowing down
National
Pakistan Receives $1.2 Billion IMF Tranche
Pakistan has received a much-needed lifeline as the International Monetary Fund (IMF) deposited $1.2 billion into the State Bank of Pakistan (SBP) account. This initial disbursement
Government
Pakistan Secures Crucial $3 Billion Nod from IMF in Nick of Time
Pakistan has finally reached a staff-level agreement with the International Monetary Fund (IMF) on a much-awaited $3 billion stand-by arrangement, providing a lifeline to the
Government
PM Holds Third Meeting with IMF Chief, Hopes for Loan Program Completion
Prime Minister Shehbaz Sharif recently met with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, in Paris to reaffirm Pakistan's commitment to completing
National
Government Contemplates Law Amendment to Facilitate Inflow of Dollars
In an effort to attract billions of dollars to the country and avoid a potential default, the government of Pakistan is contemplating amending the Income Tax Ordinance. The
National
Government Employees Await Promised Salary Boost of 20% in Upcoming Budget
In an announcement on Wednesday, Ashfaq Tola, Chairman of the Reforms & Resource Mobilisation Commission, revealed that government employees can expect a substantial pay hike of approximately 20%
National
Pakistan's Economic Survey 2022-23 Unveils Modest Growth and Sector-Specific Challenges
The federal government of Pakistan is set to release the Economic Survey of Pakistan 2022-23 today, providing a comprehensive overview of the country's socio-economic
National
Pakistan's Budget Caught Between IMF Expectations and Impending Elections
The upcoming budget for the 2023-24 fiscal year in Pakistan is expected to strike a delicate balance between meeting International Monetary Fund (IMF) requirements and appealing to
National
Pakistani Rupee Faces Potential Depreciation as IMF Loan Program Looms
The Pakistani rupee has seen a slight recovery of 0.02% against the US dollar, reaching Rs285.35 in the interbank market. However, financial experts are predicting further
Government
IMF Urges Pakistan to Address Currency Market and Present Revised Budget Framework
The International Monetary Fund (IMF) has called upon Pakistan to eliminate the dual exchange rate system and share a revised budgetary framework for the current fiscal year and
National
Rupee Faces Further Depreciation in Open Market Amid Dollar Shortage
The Pakistani rupee is likely to face more pressure in the open market next week as a shortage of the dollar persists. However, in the interbank market, the
National
SBP Projects Substantial Decline in Pakistan's Economic Growth, Citing Control Measures and Flood Impact
The State Bank of Pakistan (SBP) has provided a grim assessment of the country's economic prospects, stating that growth for the current fiscal year will fall