Pakistan’s debt rises by 27.2% in first half of FY24
Total debt and liabilities reached Rs81.194 trillion ($131 billion) by the end of December 2023: SBP
March sees highest monthly current account surplus of $619mn in nine years
Current account balance improves significantly, recording a deficit of $0.5 billion in 9MFY24
New tax rates imposed on property transactions in Punjab
These changes underscore the govt's ongoing efforts to enhance revenue generation
Govt to address Chinese IPPs’ dues ahead of CPEC committee meeting, PM’s Beijing trip
With the government facing nearly Rs550 billion ($1.98 billion) in outstanding payments to Chinese Independent Power Producers (IPPs), there are plans to...
Pakistan faces fiscal pressures after concluding $3bn IMF programme
A key issue is the country’s historic high interest rate of 22%, which has consumed around 60% of the budget.
Petrol, diesel prices slashed by Rs2 for April 2018
ISLAMABAD: The government on Saturday announced a reduction in prices of petrol and diesel by Rs2.07 and Rs2.00 per litre, respectively, for...
Education sector receives marginal budget boost for 2023-24
The government's allocation of Rs. 97.098 billion for Education Affairs and Services in the federal budget for the fiscal year 2023-24 has...
‘Official’ and ‘actual’ rates emerge within open market rate of the dollar
Exchange companies association claims the dollar is selling at Rs 312 on the open market. Actual rate on open market hovering around Rs 315. Both rates indicate a gap with the interbank rate that fails to meet IMF criteria.Â
Pakistan’s IT services exports reach $1.15bn, marking 5.89% growth in FY 2023-24 first five months
Call center services propel Pakistan's IT exports, recording 11.11% increase
IMF maintains Pakistan’s economic growth forecast at 2% for FY24
Inflation in Pakistan will reduce to 24.8% in FY24, and slow further to 12.7% in FY25, report
ECC approves import of 1mn metric tons of wheat to meet shortfallÂ
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved import of 1 million metric tons (MMT) of milling wheat for...
Wheat harvest in full swing across country
LAHORE: Wheat crop harvesting and threshing processes are running smoothly across the country, with chances of an early close this season, given...
Govt announces major tax relief on laptops, PCs, hardware, and battery parts to boost IT sector
Tax breaks for tech enthusiasts and freelancers in Pakistan's new budgetÂ
Kakar’s uphill battleÂ
In addition to ensuring timely elections, the caretaker prime minister is responsible for ensuring the economy stays on track by fulfilling the current IMF programme.
In the midst of economic challenges, why is the banking sector thriving?Â
The sector is expected to continue steady performance in the next half too.Â