economy of pakistan

There was a decrease of 3.2% from the same period last fiscal year to the first two months of this fiscal year. Remittances were expected to climb by roughly 8 …

The Asian Development Bank has called for an immediate improvement in Pakistan’s approach to catastrophe risk financing.

The way the US dollar is gaining value with a rapid speed, it appears that before the arrival of the IMF’s tranche of $1.17 billion, the greenback may hit Rs250 …

The government has surreptitiously provided billions of rupees in tax relief by raising the taxable price level for the expensive cigarette brands, defying orders from Prime Minister Shehbaz Sharif and …

ISLAMABAD: Finance Minister Miftah Ismail said that the State Bank of Pakistan has received a loan of $2.3 billion from a Chinese consortium of banks. “I am glad to announce …

Miftah’s remark came after the premier announced a 10% “super tax” on key businesses. According to the government, the decision was made to help the disadvantaged section of society.

“The IMF has asked for 100% withdrawal of subsidy on POL products. Once the subsidy is over, the government will have to impose taxes and petroleum levy,” Miftah said, adding …

The report about China’s $2.6 billion deposit placement has failed to entice traders as they don’t see it as useful for fiscal or external support.

The total reserves with the central bank have dropped to $9.722 billion as of May 27, 2022, while the commercial banks hold $6.048 billion reserves. The SBP’s reserves are equal …

Existing average base tariff per unit is Rs16.64, which would surge to Rs24.14 per unit if the government increased unit price by Rs7.