With help from SBP, GB recovers over Rs1b worth of govt funds from 300 dormant accounts
Investigation revealed close to 600 public accounts, from as far back as 1984
Pakistan hopes to seal key IMF bailout agreement soon
KARACHI: Pakistan's debt continues to be sustainable, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday, after the government reiterated...
Bracing for heatwaves
Despite an unusually cool March, devastating heatwaves could very much be in our future
On the topic of devolution, World Bank has given a reasonable warning
Spending on devolved subjects has increased from 0.4% to 0.6% of GDP from 2009 to 2022. This is bad for both democracy and the economy
PM says negotiations underway on IMF’s final condition
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Monday that the Pakistani government has agreed to all the conditions put forth by the...
SBP imposes fines on exporters delaying receipt of payments
According to an article in The Express Tribune, Pakistan's central bank has recently issued new regulations aimed at tightening the process of...
Garments industry appeals to end audit notices for timely tax refunds
According to an article in The Express Tribune, the garments industry in Pakistan is requesting an end to audit notices and instead,...
Punjab govt raises minimum wage to Rs32,000/month for unskilled workers
The caretaker government of Punjab has increased the minimum wage for unskilled workers from Rs25,000 to Rs32,000 per month, which is a...
Forex reserves decrease by $345m to $4.2b
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves decreased by $354 million to $4.2 billion as of the...
‘IMF verifying external financing from China, UAE and Saudi Arabia’
State minister says all IMF agenda items have been met, no cause for worry at this point in time
FBR posts junior officer on a senior position
ISLAMABAD: The Federal Board of Revenue (FBR) posted Syed Shakeel Shah, a 20 grade officer to Director General, Intelligence and Investigation, a...
No bailout before agreement on Pakistan’s new fuel pricing scheme: IMF
Petroleum ministry given six weeks to work out pricing plan by govt which says resulting assumed prices would be Rs250 for “poor”, Rs352 for “rich”
Govt allocates sugar export quota to defaulter mills
ISLAMABAD: The federal government has allocated sugar export quota to mills that have defaulted on billions of rupees.
According to Profit’s sources, nine...
PM Shehbaz Sharif admits that politicians are responsible for the current “mess”
ISLAMABAD: On Tuesday while announcing the Rs 5 billion Ramzan Relief Packages, Rs 3.24 billion less than last year, Prime Minister acknowledged...
Default watch: Is the government giving up?
The government may have just given up on a deal with the IMF. The least they can do now is be honest