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Govt issues Rs129 billion for development projects under PSDP
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[ad_1] Labourers are busy in construction work of bridge. — APP/File ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has released Rs129 billion for development projects under Public Sector Development Programme (PSDP) for the fourth quarter of the current…
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$6 billion financing plan remains elusive | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Thursday did not accept Pakistan’s request to reduce the additional loan requirement to $5 billion, as its deputy managing director sought further clarifications about the viability of an official plan to raise…
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Saudi Aramco records $161 billion profit for 2022
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[ad_1] A general view of Saudi Aramco’s Abqaiq oil processing plant. — AFP/File RIYADH: Saudi Aramco said on Sunday it achieved “record” profits totalling $161.1 billion last year, drawing an outraged response from activists warning about the ravages of climate…
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Rs170 billion mini-budget sails through National Assembly | The Express Tribune
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[ad_1] ISLAMABAD: The National Assembly on Monday passed the Finance (Supplementary) Bill, 2023 dubbed as ‘mini-budget’ to impose new taxes worth Rs170 billion in a bid to revive the stalled International Monetary Fund (IMF) bailout programme. Minister for Finance Ishaq…
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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…
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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…
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SBP-held forex reserves plunge to $3.7 billion
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[ad_1] A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. — AFP/File The State Bank of Pakistan (SBP)-held foreign reserves plunged to $3.7 billion, their lowest in more than eight years, as…
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SBP-held forex reserves plunge to $4.5 billion: sources
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[ad_1] A person counting dollar bills. — AFP After the repayment of loans to banks in the United Arab Emirates (UAE) totaling $1.2 billion, foreign exchange reserves held by the State Bank of Pakistan (SBP) reduced to just $4.5 billion,…
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SBP’s forex reserves fall to 8-year low at $6.1 billion | The Express Tribune
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[ad_1] KARACHI: In its latest weekly update on Thursday, Pakistan’s central bank reported the country’s foreign exchange reserves have depleted to $6.11 billion. “During the week ended on December 16, 2022, SBP’s reserves decreased by $584 million to $6,116.2 million…
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Govt’s dilemma of filling Rs700 billion hole | The Express Tribune
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[ad_1] ISLAMABAD: The energy ministry has worked out a Rs2.3 to a whopping Rs31.60 per unit electricity surcharge to cover a hole of over Rs700 billion, which has surfaced due to bad governance, unrealistic budgeting and political decisions to give…
