Business News
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Pakistan inflation expected to ease to 8-9% by October: Finance Division
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[ad_1] People are buying groceries from makeshift stalls at the weekly “Sunday Market” in Lahore on April 2, 2023. — Online Pakistan’s headline inflation is likely to lose more steam over the next two months, coming down to around 8-9%, the Finance Division said on Friday, expressing optimism about economic stability. In its ‘Monthly Economic…
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IMF MD links bailout package to tax fairness, economic recovery
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[ad_1] IMF Managing Director Kristalina Georgieva (right) meets PM Shehbaz Sharif-led delegation on the sidelines of the UNGA session in this image released on September 27, 2024. — X/@KGeorgieva International Monetary Fund (IMF) Managing Director Kristalina Georgieva has linked the recently approved fresh loan programme for Pakistan with the country’s economic recovery and an improvement…
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Aurangzeb warns non-filers of ‘restrictions’ as Pakistan clinches $7bn IMF deal
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[ad_1] Minister for Finance and Revenue Muhammad Aurangzeb speaks with Voice of America during an interview in New York, US. — Screengrab via VOA ISLAMABAD: Finance Minister Muhammad Aurangzeb has warned non-filers of strict restrictions which will “further limit their ability to conduct various activities,” as Pakistan secured International Monetary Fund (IMF) Executive Board’s approval…
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IMF board approves $7bn loan programme for Pakistan
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP WASHINGTON: The International Monetary Fund’s (IMF) Executive Board has greenlighted a 37-month $7 billion Extended Fund Facility (EFF) for Pakistan, with the incumbent government hoping that it would be the country’s last.…
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GDP growth to reach 2.8%, inflation to drop to 15% in FY25: ADB
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[ad_1] A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi on June 24, 2022. — Reuters ISLAMABAD: The Asian Development Bank on Wednesday said that the country’s gross domestic product (GDP) is expected to stand at 2.8% in FY2025 coupled with…
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Aurangzeb upbeat on IMF board’s nod for $7bn loan programme tomorrow
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[ad_1] Federal Finance Minister Senator Muhammad Aurangzeb addressingn a press conference. — APP/File Federal Finance Minister Senator Muhammad Aurangzeb expressed confidence on Tuesday that the International Monetary Fund (IMF) Board will sanction the $7 billion, 37-month loan deal, for Pakistan during its meeting tomorrow (Wednesday). “Pakistan successfully concluded a 9-month SBA (Stand-by Arrangement) with IMF…
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Brazil court asks X for documents as the platform starts to comply with orders
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[ad_1] The new logo of Twitter is seen in this illustration taken, July 24, 2023. — Reuters BRASILIA: The Brazilian Supreme Court on Saturday asked Elon Musk-owned social platform X to present documents validating its new legal representative in the country, as the firm’s lawyers now say it will comply with court demands to be…
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FBR dismisses possibility of extending Sept 30 tax return filing deadline
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[ad_1] An undated image showing a general outside view of the FBR building. — Facebook/Federal Board of Revenue/File ISLAMABAD: The Federal Bureau of Revenue (FBR) on Saturday ruled out any general extension in the September 30 deadline announced by the tax collecting authority for the submission of tax returns. Speaking to Geo News, FBR spokesperson Bakhtiar…
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Stocks rally past 82,000 mark as investors bet on IMF deal approval
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[ad_1] A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, on November 28, 2023. — Reuters Stocks hit a record high on Friday, with the benchmark index topping the 82,000 mark as investors binged on big names…
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Anti-money laundering watchdog urges India to speed up prosecutions
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[ad_1] A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India on August 13, 2018. — Reuters NEW DELHI: Financial Action Task Force (FATF), the global anti-money laundering watchdog, urged India on Thursday to accelerate its prosecutions in financial fraud cases. FATF, a 40-member task force, in a report has…
