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Pakistan Gets $2.75 Billion from IMF

Business whenwherehowadmin
The State Bank of Pakistan (SBP) has received $2.75 billion from the International Monetary Fund (IMF) — as part of Special Drawing Rights (SDR) allocation announced by the fund recently — the...

Petrol Made Rs2 Expensive Per Litre

Business Feature Writer
The price of petrol in Pakistan has gone up by Rs2 per litre from today (Thursday), according to Special Assistant to Prime Minister on Political Communication Shahbaz Gill. Gill said that the Oil...

Pakistani Rupee Marks ‘World’s Best Currency’ of 2021

Business Feature Writer
As it improved against the US dollar in the first three months of 2021, the Pakistani rupee emerged as the world's best-performing currency. The PKR improved as a result of a large inflow...

Govt Plans to Launch Eurobond to Generate up to $1 bn in Few Days

Business Feature Writer
In the aftermath of revival of the IMF sponsored $6 billion programme for Pakistan, the government plans to launch Eurobond in the international capital market probably within next few days in order...

Govt Working on Mechanism to Give Targeted Subsidy on Electricity

Business Feature Writer
The government will use the data collected for the Ehsaas Emergency Cash Programme to identify beneficiaries as it prepares to introduce a rationalised mechanism for provision of subsidy to poor people on...

IMF Aims to Complete Second review of Pakistan’s Credit Facility Deferred by COVID-19 Soon

Business Feature Writer
The International Monetary Fund (IMF) has started talks with Pakistan and hopes to complete its second review of the country's extended fund facility programme that had been pushed back due to the...

Budget on June 12: No New Tax in Coming Budget; Industry, Poor to Get Relief

Business Feature Writer
The government has decided to announce budget for 2020-21 in the Parliament on June 12, 2020, The News has learnt. The Economic Survey for outgoing fiscal year 2019-20 will be released on June...

After Dropping Super Corona Tax Proposal: FBR Ponders Various Options to Expand Tax Net

Business Feature Writer
After dropping proposal of corona tax for higher income brackets, the FBR is contemplating upon more options including raising tax incidence on cigarettes, expanding supply chain of GST in VAT mode starting...
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