The State Bank of Pakistan (SBP) has announced to keep the policy rate unchanged at 7 per cent – hoping that the current account deficit will remain in the range of 2 to 3pc in…
Pakistan, on Tuesday, floated several tenors Eurobonds worth $1 billion at interest rates of up to 8.5%. The bonds have been established to build the country’s foreign exchange reserves. This makes it the first major…
ISLAMABAD: After two Presidential Ordinances to withdraw corporate income tax exemptions to get Rs70 billion to 140 billion and an addition of a 10 percent power surcharge on consumers, the Executive Board of IMF has…
IMF has agreed to release $500 million for Pakistan as part of budget support program amid COVID-19 The International Monetary Fund (IMF) on Wednesday approved the third tranche of budget support worth US$500 million for…
ISLAMABAD: Federal Board of Revenue (FBR) has created a tax demand of a whopping Rs469 billion against 81 sugar mills The FBR had started its probe against 89 sugar mills after irregularities that were pointed…
After a severe turmoil in the currency of the country, Pakistan is witnessing a bounce back in Rupee against the dollar. The recent recovery is a seventh month high of almost Re 1 against the…
The federal government on Wednesday increased fuel prices in the range of 3-8 percent after a summary was forwarded by the Oil and Gas Regulatory Authority (Ogra). “The following will be the prices of the…
Remittances for the month of November clocked in above the $2 billion mark for the sixth consecutive month in a row to $2.34bn, the latest data released by the State Bank of Pakistan (SBP) showed…
Prime Minister Imran Khan on Wednesday welcomed the US President-elect Joe Biden’s declared intent of a policy to target dirty money – an initiative matching the former’s vision and key focus of decades-long political struggle.…
Rupee staged a massive comeback against the dollar on Tuesday recovering by as much as 95 paisas to close yesterday’s session at Rs160.08. The rupee had earlier crossed the 161-mark for the first time in…
