LAHORE -UNS: PTI leader Hammad Azhar said on Friday that an International Monetary Fund (IMF) team had visited his party’s chief, Imran Khan, at his residence in Lahore today where the two sides discussed a recent staff-level pact agreed between Pakistan and the global lender for the disbursement of $3 […]
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KARACHI-UNS: The State Bank of Pakistan (SBP) on Monday raised the monetary policy rate by another 100 basis points (bps) to record 22 percent in the history of the country. The decision was taken in a meeting of monetary policy committee of SBP. The meeting decided to increase the policy […]
ISLAMABAD -UNS: The National Assembly on Sunday approved the Finance Bill 2023-24, thus endorsing the Rs14.480 trillion budget for the next fiscal year. The budget was approved under the tight watch of the International Monetray Fund (IMF) in an attempt to secure pending funds. The government managed to bill sail […]
ISLAMABAD -UNS: General Secretary of Real Estate Consultants Association (RECA) Adil Nawaz Bhatti has said that the Construction amnesty is need of the hour. The announced package for Overseas Pakistanis is incomplete. In order to attract overseas Pakistanis to invest in the country, they should be allowed to withdraw part […]
ISLAMABAD -UNS:As the government apparently nears the IMF deal, Finance Minister Ishaq Dar on Saturday said the government had agreed with the IMF to impose new taxes worth Rs215 billion and quashing pensions for some departments. Addressing the National Assembly (NA) session, he said the government had been holding negotiations […]
DUBAI -UNS: Deputy Consul General and Head of Chancery Rahimullah Khan Wazir has been assigned the charge of Supervising Consul General Dubai and Northern Emirates. It should be remembered that before this, he was serving as the Deputy Chief of Protocol at the Camp Office of the Ministry of Foreign […]
ISLAMABAD -UNS: Pakistan Peoples Party (PPP) Chairman and Foreign Minister Bilawal Bhutto-Zardari, a major coalition partner, has reportedly refused to share his views on the budget for fiscal year 2023-24 in the National Assembly as his party has some reservations regarding the allocations. Federal Minister for Commerce and PPP’s Parliamentary […]
By: Shehenshah Ali Akbar Naqvi. Pakistan has a history of political turmoil since its inception in 1947. Frequent changes in government, military interventions, and policy inconsistencies have created a state of political instability that significantly impacts the country’s economy. Firstly, political uncertainty creates an unfavorable investment climate. Investors, both domestic […]
ISLAMABAD -UNS: The finance ministry said on Friday it was very much interested in negotiating the IMF deal by being flexible on the budget the country recently presented. The ministry’s response comes after the International Monetary Fund (IMF) expressed its reservations about the budget. “The document is not part of […]
TOKYO (Reuters) – Japan’s exports grew unexpectedly in May on robust car sales, though the rate of expansion slowed to a crawl as inflation and rising interest rates bit into global demand, highlighting a patchy recovery in the world’s third-largest economy. While the country’s hotels, restaurants and other service sector […]