Pakistan’s deepening political crisis douses hopes for IMF relief

LONDON/KARACHI: The political crisis engulfing Pakistan is eroding hopes that the South Asian country can get its much needed programme with the...

Exclusive: India considering allowing foreign investment in nuclear power

India is considering overturning a ban on foreign investment in its nuclear power industry and allowing greater participation by domestic private firms,...

Govt considering restoration of RD on vehicles, mobile phones

ISLAMABAD: The Federal Government is considering restoration of regulatory duties on vehicles and mobile phones. Federal Board of Revenue (FBR), Chairman, Asim Ahmad...

Dar reassures IMF of commitment to programme

Pakistan's Finance Minister, Senator Ishaq Dar, has reiterated the federal government's commitment to the International Monetary Fund (IMF) programme during a meeting...

With baggage in tow, Lootah finally reaches Summit Bank summit

UAE Investor who was named in FIA investigation of fake accounts case involving Zardari acquires controlling stake in the bank after Rs 10 billion injection

Another day, another claim of ‘just a few more days’ 

The govt’s repeated claims that a deal with the IMF is only a few days away have become laughable

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...