Business News
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Miftah not too optimistic about Pakistan’s economic outlook
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[ad_1] Former federal finance and revenue minister Miftah Ismail (left) in conversation with Dr Aqdas Afzal, an assistant professor of Social Development and Policy at Habib University in Karachi. — Courtesy Habib University Former federal finance minister Miftah Ismail is not too optimistic about Pakistan’s economic outlook in 2047. He expressed this view during a…
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Minister sees no gas shortage this winter | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Petroleum Musadik Malik on Monday held former planning minister Asad Umar responsible for last year’s gas crisis in the country, saying the latter had recommended not importing the commodity, and emphasised that there would be no gas shortage this winter. Malik made the remarks while addressing the Senate Standing…
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ECC holds up funds for next population census | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government on Monday decided to review a decision to hold next general elections on the basis of a new population census by withholding Rs5 billion budget for the headcount but sanctioned Rs17 billion more for the parliamentarians schemes in a move seen as countermeasure to a rising PTI popularity. The Economic…
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Ethiopia to remove trade barriers | The Express Tribune
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[ad_1] KARACHI: The Ambassador of Ethiopia, Jamal Beker Abdula, has apprised that around seven to ten agreements pertaining to trade promotion, political consultation, defence cooperation, aviation, technology transfer and others will be signed with the government of Pakistan within a month or two to help connect the two countries promote economic exchange. “Ethiopia is ready…
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Dollar continues rally for fourth successive session, closes at Rs218.89
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[ad_1] A file image showing a currency dealer counting $100 notes — AFP KARACHI: The US dollar maintained its upward trajectory against the Pakistani rupee for the fourth consecutive session in the interbank market on Monday. The rupee closed at 218.89 after depreciating Rs0.46 or 0.21% against the greenback compared to Friday’s close of 218.43,…
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Fact-check: Does new Pakistan banknote omit anti-corruption message?
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[ad_1] Image showing the commemorative 75-rupee note. — Twitter/ SBP Multiple posts on Facebook and Twitter claim Pakistan’s central bank has omitted a quotation about the importance of earning an honest living from the newly introduced 75 rupee banknote. This is false. The quote — printed on all of Pakistan’s currency notes — has been…
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Pakistan to soon move out of FATF grey list, Dar assures
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[ad_1] A file photo of the FATF building. — AFP WASHINGTON: Pakistan will soon move out of the Financial Action Task Force’s (FATF) grey list, Finance Minister Ishaq Dar assured ahead of the watchdog’s plenary session that will decide the country’s fate. The first FATF plenary under the two-year Singapore Presidency of T Raja Kumar…
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Dar seeks greater policy support from IMF and donors amid flood catastrophe
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[ad_1] Finance Minister Ishaq Dar. — APP/screengrab WASHINGTON: In view of the climate-induced flood catastrophe and economic losses suffered by the country, Finance Minister Ishaq Dar Sunday urged the International Monetary Fund (IMF) and multilateral donors to offer greater policy support to Pakistan. Addressing a meeting of MENAP (Middle East, North Africa, Afghanistan, and…
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After us, the deluge | The Express Tribune
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[ad_1] ISLAMABAD: Attributed to Louis XV of France, “Apres moi, le deluge” is often interpreted as the monarchy’s indifference to financial excesses and a foreshadow of the French revolution. In recent times, it has come to signify a nihilistic attitude of indifference to whatever happens after one is gone and literal forecasting of ruination, especially…
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Reforms: more action needed | The Express Tribune
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[ad_1] KARACHI: Ishaq Dar, the country’s new financial czar, has laid out three priorities – to strengthen the rupee, reduce interest rates, and cut down inflation. Critics say that in his previous four-year stint as finance minister ending in 2017, Dar put the economy on the wrong trajectory by borrowing significant debt to lift the…
