Business News
-
Biden commits ‘historic’ $4bn to World Bank fund supporting poorest nations
.
[ad_1] US President Joe Biden attends the first day of the G20 Summit in Rio de Janeiro, Brazil, on November 18, 2024. — Reuters US President Joe Biden announced a “historic” $4 billion pledge for a World Bank fund that helps the world’s poorest countries, the White House said Monday, before Donald Trump takes office…
-
PSX scales new peak, crosses 95,600 mark in day’s trade
.
[ad_1] A stock broker monitors the market on the electronic board at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. — Reuters Stocks sustained their record-setting pace on Tuesday, climbing to a new peak above the 95,600 mark, as investor optimism was bolstered by a strong macroeconomic outlook and reassurances from the finance…
-
Tesla shares soar on report of Trump’s self-driving policy push
.
[ad_1] Tesla Motors CEO Elon Musk speaks next to the company’s newest Model S during the Model S Beta Event held at the Tesla factory in Fremont, California October 1, 2011. — Reuters Tesla’s stock surged nearly 5% on Monday following a report from Bloomberg News that President-elect Donald Trump’s transition team plans to prioritise…
-
Tax evaders, abettors will be brought to justice, vows PM Shehbaz
.
[ad_1] Prime Minister Shehbaz Sharif chairs a meeting to review overall economic situation of country on Nobember 18, 2024. — Radio Pakistan Underscoring the need for enhancing tax revenue, Prime Minister Shehbaz Sharif on Monday said that tax evaders and their abetters would be taken to task. His remarks came a day after Finance Minister…
-
Govt set to hold another round of bidding for PIA: minister
.
[ad_1] View of a Pakistan International Airlines (PIA) passenger plane, taken through a glass panel, at the Allama Iqbal International Airpor in Lahore. — Reuters/File ISLAMABAD: The government is “poised to restart the bidding process for the privatisation of Pakistan International Airlines (PIA)” following a failed attempt to sell the loss-making state-owned entity as it…
-
Every sector bound to contribute to boost revenue, says FinMin in post-IMF visit presser
.
[ad_1] Finance Minister Muhammad Aurangzeb addresses the press conference in Islamabad, Novemeber 17, 2024. — Screengrab via YouTube/Geo News ISLAMABAD: After the International Monetary Fund (IMF) mission — led by Nathan Porter — concluded its visit to Pakistan, Finance Minister Muhammad Aurangzeb expressed the government’s determination to enforce the measures related to revenue collection, saying…
-
ADB launches ‘Glaciers to Farms’ initiative to address food security
.
[ad_1] A representational image showing ADB logo. — AFP/File ISLAMABAD: The Asian Development Bank (ADB) on Sunday launched “Glaciers to Farms” — a new regional initiative aimed at promoting sustainable water use and food security in Central Asia, the South Caucasus, and Pakistan. Under the programme, the ADB will carry out carry out risk assessments of glacial melt in…
-
Ayla Majid becomes first Pakistani to be elected ACCA president
.
[ad_1] Ayla Majid poses for a photo. — Linkedin/ACCA Pakistan ISLAMABAD: In a major achievement, Pakistan’s Ayla Majid made history this week after becoming the first South Asian and Muslim to be elected as president of the Association of Chartered Certified Accountants (ACCA). Ayla, who made Pakistan proud in the world, is the…
-
No mini-budget on cards, says FinMin Aurangzeb after IMF talks conclude
.
[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview at his office in Islamabad on July 19, 2024. — Reuters ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has categorically ruled out the possibility of the government introducing a mini-budget after constructive talks with the International Monetary Fund (IMF). Speaking to Geo News on Saturday, the finance…
-
IMF urges Pakistan to harness untapped tax sources to boost revenue
.
[ad_1] The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. — AFP The International Monetary Fund (IMF) has called on Pakistan to widen its tax base by focusing on untapped revenue sources, as the country struggles to boost its tax collection efforts.…
