IMF sees inflation peaking at 20%
The International Monetary Fund (IMF) sees Pakistan’s economy slowing to around 3.5% due to weakening economic conditions and the average ...
Tag: Economy
Oil firms ask SBP to review merchant rate
The oil industry has asked the State Bank of Pakistan (SBP) to review the merchant discount rate on fuel purchases ...
Government softens stance on import restrictions
On Monday the federal cabinet approved the imposition of up to 100% regulatory duty on nearly 800 tariff lines for ...
Qatar to give $2bn to Pakistan in Bilateral Support to ease Pakistan’s Funding Crunch
In order to help ease Pakistan’s funding crunch and consequent risk of default, Qatar is expected to give Islamabad funds ...
Relief and Rescue Operations in Flood Affected Areas by PAF
PAF (Pakistan Air Force) is conducting relief and rescue operations in the flood-affected areas of South Punjab, Sindh, and Balochistan. ...
China continues work with Pakistan to bring CPEC benefits: Chinese Spokesperson
China says it will continue to work with Pakistan under China-Pakistan Economic Corridor projects to ensure that cooperation outcome are ...
Govt to borrow Rs6.8tr from banks
The government has planned to borrow Rs6.78 trillion from commercial banks over a period of two months "August and September ...
5% tax on manufacturers to be expected
The government may impose a 5% special income tax on manufacturers to create fiscal space for giving a relief of ...
Import of Oil, Food and Textile surge
Pakistan’s oil and eatable import bill posted double-digit growth in the first month of the current fiscal year owing to ...
US Dollars break losing streaks against Rupee
On Wednesday the US dollar gained value against the rupee, almost weeks after the greenback’s declining trend following Finance Minister Miftah ...