Business News
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Rupee gains more ground against dollar amid hopes of IMF deal
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[ad_1] A representational image of a currency market dealer counting rupee notes. — AFP/File The Pakistani rupee on Thursday gained more ground against the US dollar as it appreciated by Rs4.83 in the interbank market at the start of today’s…
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Dar ‘confident’ about matters with IMF | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Thursday was confident that matters will be settled with the International Monetary Fund (IMF) and said that the people will soon hear “good news”. The minister made the remarks during his brief interaction…
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OGRA locates points of petrol hoarding | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has identified 19 illegal storage points and warehouses located in Punjab that have been used to dump and store petroleum products to make inventory gains by hoarders and black marketers. In…
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Petrol hoarders to face ‘dire consequences’: Musadik Malik
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[ad_1] Minister of State for Petroleum Dr Musadik Malik addresses a press conference in Islamabad on February 8, 2023. — YouTube/PTVNewsLive ISLAMABAD: Blaming hoarders for creating an artificial shortage of petroleum products, Minister of State for Petroleum Dr Musadik Malik…
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‘FBR should focus on tax-evading sectors’ | The Express Tribune
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[ad_1] As Pakistan grapples with one of the worst economic crises of its history, the country’s policymakers and tax authorities are focusing their energy on collecting the maximum amount of tax from the existing taxpayers, instead of focusing evaders and…
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Rupee strengthens against dollar
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[ad_1] A representational image of the rupee and US dollar notes. — AFP/File As the market seems to be hopeful of a positive outcome of the ongoing talks between the coalition government and the International Monetary Fund (IMF), the Pakistan…
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Railways’ net deficit reached Rs3b | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Law and Justice Shahadat Awan told the Senate on Tuesday that the Pakistan Railways generated Rs28.263 billion revenue, through its operation in the first half of the current fiscal year against the expenditures of…
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Crucial IMF talks hang in balance | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) suspects that Pakistan may not receive the projected $5 billion loans from multilateral and commercial creditors as Islamabad still awaits the Memorandum for Economic and Financial Policies (MEFP) draft with only two days…
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Pakistan close to sealing deal with IMF, says Khurram Dastgir
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[ad_1] Minister for Power Engineer Khurram Dastgir Khan addressing a press conference in this undated photo. — APP Federal Minister for Power Engineer Khurram Dastgir has shared an update on the talks between the government and International Monetary Fund, saying…
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Power tariff hike gets PM’s nod to salvage IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: With only three days left to end differences, Prime Minister Shehbaz Sharif on Monday gave a go-ahead to increase electricity prices aimed at striking a deal with the International Monetary Fund (IMF), which may further push the annual…
