Adnan Farooq
The International Monetary Fund (IMF) on Friday said that it expects Pakistan’s economy to recover in the next year mainly due to government-led interventions to reopen businesses and industries. It said “a gradual recovery is
Adnan Farooq
The Federal Board of Revenue (FBR) officials on Thursday admitted to blocking refunds worth Rs532 billion in order to show higher-than-actual tax earnings since 2014. The board was not releasing refunds to concerned individuals and
Adnan Farooq
Local gold prices in the country hit their peak on Wednesday after prices of one tola and 10-gram yellow were selling as high as Rs108,300 and Rs92,850 respectively. The increase in local bullion prices comes
Adnan Farooq
The State Bank of Pakistan (SBP) on Wednesday extended the deadline for the debt deferment facility till September 30 allowing small and medium enterprises to defer payments on their loan principals. “Considering the fact that
Adnan Farooq
The country’s cement sales during the month of June picked up by 30 per cent to 4.623 million tonnes compared to 3.206m tonnes during the same period last year. The uptick comes after sales declined
Adnan Farooq
The government on Monday said the country’s postal service “Pakistan Post” will now be turned to the Pakistan Post Bank after international financial regulators raised questions over the lack of documentation with respect to the
Adnan Farooq
Foreign investors have shown their satisfaction over the improving security situation in the country as they appreciated the law enforcement agencies for their efforts in reducing violence. The findings were released by the Overseas Investors
Adnan Farooq
Pakistan’s exports during the FY2019-20 declined by 6.8 percent to $21.4 billion compared to $22.97bn during the same period last fiscal year, data released by the Ministry of Commerce showed on Friday. However, detailed numbers
Adnan Farooq
The local currency on Thursday gained Rs1.20 against the dollar with exchange rate reverting back to Rs167.20 compared to Rs168.20 on Wednesday. The Exchange Companies Association of Pakistan said the rupee recouped earlier losses on
Adnan Farooq
The prices of per tola and 10-gram gold peaked on Thursday as they rose to Rs105,200 and Rs90,192 respectively. Domestic price increases were prompted by the $12 per ounce jump in the international gold prices
