Business News
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Hammad Azhar lashes out at PDM for economic destruction
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[ad_1] PTI leader Hammad Azhar. — APP Pakistan Tehreek-e-Insaf (PTI) leader Hammad Azhar Friday slammed Finance Minister Ishaq Dar for presenting the pre-budget Pakistan Economic Survey 2022-23. The politician said Dar should have also presented his resignation along with the…
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17.5% increase in pension of govt employees in 2024 budget | The Express Tribune
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[ad_1] ISLAMABAD: Presenting the federal budget for Fy2023-24, Finance Minister Ishaq Dar announced a 17.5% increase in the pension of government employees. Unveiling the budget for FY24, the finance minister said “The next fiscal year’s budget will not be an…
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Ishaq Dar opposes idea of coalition govt entering fresh IMF programme
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[ad_1] Finance Minister Ishaq Dar speaks while presenting the Pakistan Economic Survey for fiscal year 2022-23, in Islamabad on June 8, 2023. — AFP Finance Minister Ishaq Dar has opposed the idea of the incumbent government entering a fresh bailout…
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Pakistan, Turkmenistan ink JIP for TAPI | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Turkmenistan on Thursday signed a Joint Implementation Plan (JIP) in a bid to expedite work on the Turkmenistan, Afghanistan, Pakistan, and India (Tapi) gas pipeline project and complete the feasibility of the project at the earliest. The JIP…
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Pakistan falls short of all economic targets as floods and politics weigh, reveals Economic Survey FY23
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[ad_1] Finance Minister Ishaq Dar addressing the press conference after unveiling the Pakistan Economic Survey Pakistan’s GDP growth rate came to a crawl in the ongoing fiscal year — one of the worst in terms of meeting annual macroeconomic targets…
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Pakistan to leave 21% policy rate unchanged: analysts | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s central bank is widely expected to keep its key interest rate unchanged at 21% on Monday after aggressive rate hikes since April last year to tackle record-high inflation amid the nation’s worst-ever economic crisis. The country’s key…
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Govt may amend law to bring in dollars | The Express Tribune
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[ad_1] ISLAMABAD: The government is considering allowing people to bring in up to $100,000 from abroad without disclosing the source of income in a move that it hopes can fetch billions of dollars in the next fiscal year. However, this…
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After 13-year hiatus, Pakistan to get USAID fund for development
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[ad_1] Economic Affairs Division Secretary Dr Kazim Niaz and USAID Mission Director to Pakistan Reed Aeschliman signed a new five-year bilateral on June 7, Wednesday. — Twitter/eadgop The United States Agency for International Development (USAID) on Wednesday announced $445.6 million…
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Gold price in Pakistan declines for third consecutive day
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[ad_1] An undated file image of gold sets displayed at a jewellery store. — AFP/File The gold price in Pakistan witnessed a slide for the third day in a row, declining by Rs800 per tola on Wednesday. The price of…
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Budget caught between IMF expectations and election | The Express Tribune
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[ad_1] KARACHI: The federal government will hope to find a balance between reforms to satisfy the International Monetary Fund and measures to win over voters in an imminent election in its budget for the 2023-24 fiscal year to be announced…
