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China To Help Pakistan Repay $1.5bn Saudi Arabia Debt

China To Help Pakistan Repay $1.5bn Saudi Arabia Debt

China has agreed to loan Pakistan around $1.5 billion to repay its debt to Saudi Arabia as the relations between the two brotherly nations have gone from bad to worse. China has again bailed out…

No More Extension In Date To File Income Tax returns: FBR

No More Extension In Date To File Income Tax returns: FBR

The Federal Board of Revenue (FBR) has said that the last date for filing of tax returns will not be extended further in a bid to encourage financial discipline in the population. The deadline for…

Remittances jump 31pc

Remittances jump 31pc

Remittances during the month of September jumped by 31 percent to $2.3 billion compared to the same month last year, data released by the State Bank of Pakistan (SBP) showed on Monday. “Trend of strong…

September inflation clocks in at 9pc

September inflation clocks in at 9pc

Inflation during the month of September clocked in at nine percent mainly on the back of increase in fuel and food prices, data released by the Pakistan Bureau of Statistics showed. CPI inflation — General…

Govt spending $10bn annually to pay off debt

Govt spending $10bn annually to pay off debt

The government on Tuesday said that it was spending around US $ 10 billion per annum for debt repayment as against around US $ 5.5 billion being paid by the previous government. The statement was…

PSX snaps rally

PSX snaps rally

Pakistan Stock Exchange has been on a roller-coaster ride as it has become one of the best performing indices in the world ever since the Covid-19 disrupted the global economy; however that shine is losing…

Pakistan posts current account surplus

Pakistan posts current account surplus

Pakistan posted a current account turned surplus for the second consecutive month in August 2020 led by an impressive growth in workers’ remittances and lower import payment, data released by the State Bank of Pakistan…

Remittances rise to $2.09bn in August

Remittances rise to $2.09bn in August

Workers’ remittances into the country continued on the positive trend as they clocked in above $2 billion in August for the third month in a row, data released by the State Bank of Pakistan showed…

Remittances to decline, says Fitch

Remittances to decline, says Fitch

Remittances to Pakistan could decline in the ongoing quarter i.e. July to September despite the country reporting a record jump in flows during the month of June, Fitch Ratings said in a press release. “The…

Pakistan debt level sustainable, says Finance Ministry

Pakistan debt level sustainable, says Finance Ministry

The Ministry of Finance late on Saturday said the country’s debt was not elevated and easily manageable given the country’s outlook for the next few years. “According to latest numbers released by the State Bank…