Govt looks to curb inflation with Rs15bn relief package
–Meeting chaired by PM Imran decides to open 50,000 new utility stores across Pakistan
–Subsidised food items will be available to people from...
Iranian rial loses steam in local currency market, after US exit from nuclear deal
The Iranian rial has fallen sharply in the global currency market after the US decision to exit the nuclear deal on Tuesday
Fixed exchange rates risky for Pakistan’s plummeting foreign reserves, says Moody’s
Moody's maintained that higher interest to revenue in the baseline compared with floating exchange rates thrive under exchange rate shocks. Thus, deterioration in debt affordability could lower investors’ willingness to invest while making it harder for Pakistan to access foreign funding.
Import of transport services decreases 11.54pc in five months
ISLAMABAD:Â The import of transport services by Pakistan from other countries witnessed a decrease of 11.54 per cent during the first five months...
Govt committed to utilising demographic dividends: Hammad Azhar
ISLAMABAD: Economic Affairs Minister Hammad Azhar said on Friday the government was committed to investing in the country's huge demographic dividends and...
‘Indo-Pak tensions will only discourage new investments in region’
ICCI president says India should lead the efforts for regional integration instead of imposing trade conditions on Pakistan
ISLAMABAD:Â Islamabad Chamber of Commerce...
SBP reserves dip 0.08pc, stand at 8.04bn
The foreign exchange reserves held by the State Bank of Pakistan decreased 0.08pc ($6 million) on February 22, according to the data...
Tax amnesty scheme not likely to fetch more than $700 million: Report
Sources revealed the tax regulator has fetched $46 million tax against the declaration of overseas assets under tax amnesty scheme till June 23rd
New stabilisation programme under consideration by IFIs
A new stabilisation programme is under discussion by a number of mainstream International Financial Institutions (IFIs). Under the new programme, stringent conditions...
Railways’ revenue increased by Rs3bn in six months, minister claims
Railways Minister Sheikh Rasheed Ahmad said on Saturday that Pakistan Railways recorded an increase of Rs3 billion in revenue during the last...
SMEDA facilitated Rs29.73 billion investment in last ten years
SMEDA supported up-gradation of 27 existing SME clusters by providing them common facility centres of worth Rs 2.772 billion as PSDP (Public Sector Development Programme) projects.
Remittances expected to reach $21bn in current fiscal year
The Ministry of Finance has said that the government measures announced recently to boost remittances have paid off as remittances have already...
China warns U.S. ‘opening fire’ on world with tariff threats
U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods if Beijing retaliates, with the row roiling financial markets including stocks, currencies and global trade of commodities from soy beans to coal
Pakistan brief’s FATF on actions taken against money laundering
ISLAMABAD:Â The Pakistani authorities on Tuesday briefed the Financial Action Task Force (FATF) assessment team on laws against money laundering and its regulations.
The...
IMF bailout on the cards for Pakistan’s next government: analysts
Amid stability fears, the caretaker government pledged in June to stem the current account deficit with rapidly dwindling foreign reserves