During his visit, he will meet the top officials of the IMF and World Bank and the senior officials of the US State and Treasury Departments. The finance minister is leading a delegation comprising the finance secretary, the economic affairs secretary, the governor of the State Bank of Pakistan(SBP), and other senior officials. Aurangzeb will […]
SINGAPORE, Oct 21 – Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Hong Kong stocks, but bitcoin scaled a three-month peak as “Trump trades” continued to ramp up. Gold hit another record high, as global uncertainty over conflict in the Middle East and an extremely close U.S. […]
According to sources, Finance Minister Muhammad Aurangzeb will make the request during the annual IMF meetings, scheduled to take place later this month. This development came after Pakistan’s initial request for climate financing was not immediately approved by the IMF, sources said. Sources revealed that Pakistan has taken steps to address fiscal sustainability and mobilize […]
Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by 0120 GMT. U.S. West Texas Intermediate crude futures gained 10 cents, or 0.14% to $69.32 a barrel. Brent had settled down more than 7% lower last week, while WTI lost around 8%. That marked the contracts’ biggest weekly decline since Sept. 2, […]
For the first time in history, FBR arrested tax evaders after registration of FIRs, the sources said and added that the lists of tax evader companies and individuals have been finalized to speed up the action. Concerned tax commissioners will serve show-cause notices over tax irregularities. Meanwhile, the FBR officials have said with the new […]
As per the details, PIA has been declared as the official airline of IDEAS 2024. The PIA will use its planes for the publicity of IDEAS 2024. In this context, logos of IDEAS 2024 have been pasted on two Boeing 777 and two Airbus of the Pakistan International Airlines. The International Defence Exhibition and Seminar […]
The textile exports from the country were recorded at US $4.520 billion during July-September (2024-25) against the exports of US $4.127 billion during July-September (2023-24), the Pakistan Bureau of Statistics (PBS) said. The textile commodities that contributed to trade growth included cotton cloth the export of which increased by 10.20 percent to $523.63 million from […]
According to a statement issued by the central bank, total liquid foreign reserves held by the country stood at $16.11 billion. Net foreign reserves held by commercial banks stood at $5.09 billion. “During the week ended on 11-Oct-2024, SBP reserves increased by US$ 215 million to US$ 11,022.7 million,” it said. The central bank did […]
According to details, SSGC sent additional bills amounting to Rs2,085 to the consumers under the name of “conical baffle” charges. These extra charges are distressing millions of consumers within the 3.2 million customer network. It is being revealed that consumers received inflated bills regardless of whether geysers were installed in their homes. Extra charges were […]
This breakthrough was achieved following the successful conclusion of the 13th GIS auction on September 16, 2024, through which an additional Rs207 billion was raised for the Ministry of Finance (MoF). The GIS Auctions started at PSX on December 8, 2023, and have since witnessed robust participation from the banks, mutual funds, and brokerage fraternity, […]
