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
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%
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
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
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
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
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
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
In a positive development for Pakistan's economy, the current account recorded a surplus for the second consecutive month in April. The surplus amounted to $18 million,
The International Monetary Fund (IMF) has reportedly urged Pakistan to procure a substantial amount of $8 billion to successfully conclude its bailout review. This financial requirement has placed
Inflation continues to devastate the lower and middle-income groups in Pakistan as prices soar, particularly for essential goods such as potatoes and chicken. The Pakistan Bureau of
The Saudi Fund for Development (SFD) has signed a loan agreement worth $240 million with Pakistan to support the Mohmand Multipurpose Dam Project, aimed at promoting sustainable development
The Government of Pakistan has announced a revision in the profit rates of national savings schemes, increasing them by up to 4.13%. The move aims to make
The US Dollar continued its upward trend against the Pakistani Rupee on Friday, gaining a record 25 paisas in the interbank trading. The local currency had appreciated by
Saudi Arabia has signed a $240 million loan agreement with Pakistan to support the Mohmand Dam project in the northwestern Khyber Pakhtunkhwa province. The agreement was signed in
The Pakistani rupee has gained over 1% against the US dollar in interbank trade on hopes of a revival of the International Monetary Fund (IMF) bailout. The IMF
