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Current account deficit to remain between 2-3pc in FY22: SBP

Current account deficit to remain between 2-3pc in FY22: SBP

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

$1b Eurobonds floated at 8.5% interest rate

$1b Eurobonds floated at 8.5% interest rate

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

$500m loan for Pak budgetary support gets IMF’s nod

$500m loan for Pak budgetary support gets IMF’s nod

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 approves $500 million loan disbursement for Pakistan

IMF approves $500 million loan disbursement for Pakistan

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

Rs469 billion tax demand created against 81 sugar mills: FBR

Rs469 billion tax demand created against 81 sugar mills: FBR

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

Pakistan’s currency makes a strong come back after scheme changes

Pakistan’s currency makes a strong come back after scheme changes

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

Government Hikes Petroleum Prices For 16 Days

Government Hikes Petroleum Prices For 16 Days

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 Clock In Above $2bn For Sixth Consecutive Month

Remittances Clock In Above $2bn For Sixth Consecutive Month

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

Biden’s Intent To Target Dirty Money, Offshore Tax Havens A Welcome Sign

Biden’s Intent To Target Dirty Money, Offshore Tax Havens A Welcome Sign

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 Recovers, Gold Loses Shine

Rupee Recovers, Gold Loses Shine

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