China cuts short-term borrowing costs as economy slows
China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore...
Pakistan receives first shipment of discounted Russian crude oil
Prime Minister Shehbaz Sharif announced on Sunday that the first cargo of discounted crude oil from Russia has arrived in Karachi, with...
Gold prices ease by Rs4,150 per tola for second week
Gold prices in the country eased by Rs4,150 (-1.79 percent) per tola last week, falling for the second straight week, while gold...
Dar tries balancing act with Rs14.5tr budget
Budget presented is not an “election budget", Dar
Govt sets ambitious target of Rs72b from 4G license sales in FY24
The government has outlined plans to collect a substantial amount of over Rs. 72 billion through the sale of 4G licenses, as...
Decoding the budget: A simple question of revenue and expenditure
The Government of Pakistan has presented its proposed budget for the Fiscal Year of 2023-24 on Friday 9th of June. The budget...
Despite ticking pension bomb, govt increases annuity for federal employees by 17.5%Â
Development of a pension fund with Rs10bn in plans
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
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...
Govt introduces projects for women, children among other new initiatives for 2023-24
Scooters to be provided to working women at 50pc subsidized price. Health outcomes for mother and child to be given attention
In significant increase, govt sets Rs 1.14 trillion development budget with priority given to ‘populist’ ‘projects
Overall increase in PSDP marks govt trying to shore up support in an election year. But how will IMF react to this increased expenditure?
Govt proposes Rs 1.074tr subsidies in 2023-24
Despite pressure from the IMF govt has spent nearly as much as last year on subsidies
SBP to announce monetary policy on June 12
Policy rate was raised by 100 basis points to 21% in last meeting
Shehbaz optimistic about IMF deal amidst economic hardship
Bloomberg cites Fitch Ratings stating that further devaluation of Pakistani rupee unlikely due to subsiding pressure, stable reserves
New govt to pursue IMF for next loan program, says Ishaq Dar
The Finance Minister clarified that the existing program, whether completed or not, would expire on June 30, 2023.