IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement. “The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalize discussions, including the financial support needed to underpin the authorities’ […]
Despite efforts by the Special Investment Facilitation Council (SIFC), Pakistan’s investment ratio fell to just 13.1% of the size of the economy in the previous fiscal year, the lowest level in 50 years, according to numbers certified by the National Accounts Committee (NAC). This 50-year low ratio of investment to GDP (gross domestic product) confirms […]
The highest-paid CEO in the United States is Hock Tan of Broadcom, not Tim Cook of Apple, Elon Musk of Tesla, or Mark Zuckerberg of Meta Platforms, according to a Wall Street Journal (WSJ) analysis released this week. Tan, 71, received a $162 million payout last year, but the Wall Street Journal reported that he […]
The second Investment Roadshow, sponsored by USAID, was opened on Wednesday by US Ambassador to Pakistan Donald Blome. At the event, fourteen forward-thinking clean technology businesses presented their work to encourage private sector investment in sustainable energy solutions. According to a statement from the US embassy, the event was organized by the USAID-funded Pakistan Private […]
As one would expect from a family that genuinely has it all, you should have high expectations for the Ambanis. You can anticipate seeing the biggest Bollywood actors serving meals at their family gatherings. They will probably fly in casually and host billionaires in the tech industry. Did you have your eye on any gowns […]
The prime minister expressed these views while chairing the first meeting of the Economic Advisory Council, PM Office Media Wing said in a press release. The meeting was attended by council members including Jahangir Khan Tareen, Saqib Sherazi, Shahzad Saleem, Mussadiq Zulqarnain, Dr Ejaz Nabi, Asif Pir, Zaid Bashir, Salman Ahmed, and Sheharyar Chishti. Federal […]
Pakistan can generate Rs27,000 billion in terms of taxes and we will not need IMF support if we only collect half of this tax,” Asif said at the launching session of the research report titled ‘Illicit Cigarette Trade in Pakistan – Current Situation and Way Forward’, produced by the National University of Science & Technology […]
A day earlier, the Pakistani Rupee lost 09 paise against the US dollar in interbank trading, closing at Rs 278.29 compared to the previous day’s close of Rs 278.20. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.6 and Rs […]
A lot of the country’s wealthier households are leading the noise when it comes to solar net metering, which is like making a mountain out of a molehill. About 113,000 Pakistani households—or roughly 0.3% of all households in the nation—have solar net meters installed. More than 75% of families consume more than 700 units of […]
Despite being embroiled in multiple legal battles, former US President Donald Trump has been able to maintain possession of his highly valued Boeing 757 private aircraft, affectionately known as “Trump Force One”. The jet, which Trump purchased for $100 million in 2011, made news recently when it collided with another aircraft at a Florida airport […]
