Business News
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Xinjiang resumes regular passenger flights to Pakistan
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[ad_1] China’s Xinjiang has resumed direct regular passenger flights to #SouthAsia for the 1st time after 3-year break. — APP BEIJING: Northwest China’s Xinjiang Uygur Autonomous Region has resumed direct regular passenger flights to Pakistan for the first time since the COVID-19 pandemic started. China Southern Airlines resumed its regular passenger flights between Urumqi, the…
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ECC greenlights increase in prices of paracetamol, 19 other durgs
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[ad_1] Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet on February 10, 2023. — Ministry of Finance ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved increasing the prices of 20 medicines, including paracetamol. The decision was…
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Rs170 billion in taxes will have to be imposed: Ishaq Dar
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[ad_1] Finance Minister Ishaq Dar addresses a press conference on loan talks between IMF and Pakistan. — Screengrab/ Geo News Under the deal with the International Monetary Fund (IMF), new taxes worth Rs170 billion will have to be imposed, for which a mini-budget will have to be introduced, Finance Minister Ishaq Dar announced Friday. Dar…
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IMF leaves Pakistan hanging as mission heads back without deal
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[ad_1] The International Monetary Fund’s (IMF) logo. — AFP/File ISLAMABAD: The much-touted talks between the International Monetary Fund (IMF) and Pakistan ended without a staff-level agreement (SLA) to revive the stalled bailout package. However, a statement by the IMF said “considerable progress” was made during the mission’s visit to the country. The visiting IMF mission…
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Someone ‘competent’ should’ve replaced me as finmin: Miftah slams Dar again
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[ad_1] Former finance minister Miftah Ismail (left) and finance minister Ishaq Dar. — APP/Twitter Former finance minister Miftah Ismail said Thursday that at least an “economist-type” person who was “competent” should have replaced him if the Pakistan Democratic Movement government had to remove him. Miftah Ismail, while talking in an interview with a private news channel,…
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Govt plans crackdown against fuel hoarders | The Express Tribune
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[ad_1] ISLAMABAD/LAHORE: In view of the brewing fuel crisis in the country, the federal government has mandated the administrative authorities and law enforcement agencies to launch a crackdown against the hoarders who have been creating an artificial shortage of the petroleum products amid expectations of hike in their prices next week. The Federal Investigation…
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ECC expected to approve raise in prices of 150 drugs | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is expected to approve an increase in the prices of 150 medicines and decrease in the rates of 20 drugs. The committee, which will meet under the chairmanship of Finance Minister Ishaq Dar on Friday (today) will mull over a 10-point agenda. The ECC will…
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Deadlock persists between Pakistan, IMF over ninth review
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[ad_1] A logo of the International Monetary Fund. — AFP/File Following 10 days of “tough” talks with the International Monetary Fund (IMF), Pakistan has still not reached the staff-level agreement to unlock the $1.1 billion loan tranche, said Secretary of Finance Hamed Sheikh late Thursday night. The development comes as negotiations, which took place from January…
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SBP’s foreign exchange reserves slip under $3 billion
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[ad_1] A man counts dollar bills. — AFP The foreign exchange reserves of Pakistan’s central bank slipped under $3 billion to a nine-year low as it struggles to get inflows due to a stalled International Monetary Fund (IMF) programme. The federal government is trying to unlock the IMF deal, with the lender’s mission in Islamabad…
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Gold rout enters fifth day
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[ad_1] An undated image of gold jewellery being displayed in a jewellery store. — AFP/File Pakistani gold’s price continued to deflate for the fifth consecutive day on Thursday as the rupee’s clawback against the dollar tied safe-haven investors’ hands amid market buzz that a deal to revive International Monetary Fund’s (IMF) stalled loan programme was…
