Pakistan
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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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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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ADB president vows to provide $2bn to Pakistan annually
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[ad_1] A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila June 17, 2009. — Reuters ISLAMABAD: As Pakistan continues to battle with climate change, the Asian Development Bank (ADB) said it would provide $2 billion annually to the country for the next three years to help tackle its challenges. The development came during…
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IMF board to review Pakistan loan programme on Sept 25
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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 The International Monetary Fund (IMF) has finally included Pakistan on its Executive Board agenda scheduled for September 25, with Prime Minister Shehbaz Sharif lauding friendly nations’ all-out support to help Islamabad in…
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State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to…
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Visa targets ten-fold increase in digital payment acceptance across Pakistan | The Express Tribune
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[ad_1] KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining…
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Gold prices soar to record Rs264,000 per tola in Pakistan | The Express Tribune
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[ad_1] Listen to article Gold prices in Pakistan continued to rise on Wednesday, marking back-to-back gains in line with increasing international rates. The price of gold per tola (11.66 grams) surged by Rs2,300, reaching a record-breaking Rs264,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold also increased, rising…
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‘Pakistan faces $30b loss after floods’ | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired the fourth meeting of the Policy and Strategy Committee (PSC) and the Oversight Board on Post-Flood Reconstruction Activities. The meeting, held in Islamabad, reviewed the progress of ongoing projects under the Resilient, Rehabilitation, and Reconstruction Framework (4RF) and discussed the status of…
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Pakistan sees 71% surge in tax filers as FBR surpasses collection targets | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has reported a significant 71% increase in the number of tax return filers for the fiscal year 2023 (FY23), with an additional 2.2 million people filing, bringing the total to 5.3 million. The deadline for filing income tax returns for FY24 has been set for September 30, 2024. In…
