Business
Gold prices in Pakistan dropped slightly on Thursday after a sharp five-day rally that saw rates rise by a total of Rs13,900 per tola. As per data from the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold declined by Rs1,900 per tola,
Business
The federal government is finalising a special loan programme aimed at supporting nearly 9 million small-scale farmers in the upcoming 2025–26 budget, sources confirmed on Thursday. Under the new plan, farmers owning up to 12 acres of land will be eligible for low-interest loans through commercial banks.
Business
Negotiations between Pakistan and the International Monetary Fund (IMF) over the 2025–26 federal budget have hit a deadlock, with major differences emerging on tax relief proposals. Government officials have urged the IMF to ease the super tax and extend tax relief to salaried individuals and the real estate sector.
Business
Gold prices in Pakistan continued to rise modestly on Wednesday, reflecting both international trends and local market factors. The increase comes as investors globally continue to turn to precious metals amid economic uncertainty and inflationary pressure. According to rates issued on May 22, the price of 24-karat gold reached
Business
The Saudi Riyal (SAR) maintained its upward momentum against the Pakistani Rupee (PKR) in the open market on Thursday, May 22, 2025, marking a fourth straight day of gains. According to market data, the buying rate of 1 SAR rose slightly to Rs75.17, while the selling rate increased to
Business
As discussions between Pakistan and the International Monetary Fund (IMF) over the 2025–26 federal budget intensify, the Federal Board of Revenue (FBR) has firmly rejected proposals for a new tax amnesty scheme. Officials reiterated that such measures would violate IMF conditions and pose risks to Pakistan’s financial credibility,
Business
The Saudi Riyal (SAR) extended its upward movement against the Pakistani Rupee (PKR) for the third straight day in the open market on Wednesday, May 21, 2025. According to the Forex Association of Pakistan, the buying rate of 1 SAR rose to Rs75.14, while the selling rate reached Rs75.
Business
The State Bank of Pakistan has rolled out a national campaign to promote digital payments at livestock markets ahead of Eidul Azha, aiming to reduce the heavy reliance on cash during the festive shopping period. The initiative, titled Go Cashless, is being implemented in 54 selected cattle markets across the
Business
The federal government is preparing to introduce strict measures against tax evaders in the upcoming budget, aiming to meet key conditions agreed with the International Monetary Fund (IMF) under its ongoing loan programme. According to official sources, the government intends to eliminate the “non-filer” category entirely. Once removed, individuals
Business
Dire fiscal imbalance has emerged over 15 years, with the current-to-development expenditure ratio deteriorating dramatically from 2.2:1 in fiscal year 2010 to 10.3:1 by fiscal year 2025, indicating a severe consumption bias that threatens long-term economic sustainability. This has been revealed in a
Business
An International Monetary Fund (IMF) delegation has reached Islamabad to begin the final round of discussions on Pakistan’s federal budget for the fiscal year 2026. The negotiations, which started earlier this week, are scheduled to continue until May 22. According to Finance Ministry officials, the talks involve several major
Business
Gold prices edged higher on Monday, reversing recent losses, as investors turned to the precious metal amid renewed trade tensions and a weaker U.S. dollar. As of 0215 GMT, spot gold rose by 0.7% to $3,223.55 per ounce, while U.S. gold futures climbed 1.3%