Pakistan, Saudi Arabia express resolve to facilitate investments in key sectors

Finance Minister Muhammad Aurangzeb and his Saudi counterpart Mohammed Al-Jadaan on Wednesday expressed their resolve to deepen economic ties between Islamabad and Riyadh by facilitating investment in key sectors….Read More

MoFA, SIFC finalizing agenda for PM’s visit to Qatar

Ministry of Foreign Affairs (MoFA) and Special Investment Facilitation Council (SIFC) are finalizing agenda for the forthcoming visit of Prime Minister Shehbaz Sharif to Qatar scheduled during the last week of the current month….Read More

In ongoing fiscal year: IMF forecasts Pakistan gross debt to be 71.4pc of GDP

The International Monetary Fund (IMF) has projected an escalating general government gross debt for Pakistan, standing at 71.4 percent of Gross Domestic Product (GDP) during the ongoing fiscal year (FY2025) ….Read More

Aurangzeb for social protection in IMF loans

Finance Minister Muhammad Aurangzeb attended the meeting of the Managing Director of the IMF with Finance Ministers, Central Bank Governors, and Heads of Regional Financial Institutions of the MENAP region….Read More

IMF predicts 3.2% growth for Pakistan, inflation dropping to 9.5%

The International Monetary Fund (IMF) has projected Pakistan’s economy to expand by 3.2% in the current fiscal year, surpassing forecasts from two other prominent global institutions but falling short of the government's budget target, according to the IMF’s World Economic Outlook (WEO) report released on Tuesday….Read More

Banking sector deposits increase 19pc YoY to Rs31.3tr in September

Deposits at banks increased to Rs31.342 trillion as of September 2024, up 19.1 per cent from a year earlier, the central bank data showed on Wednesday….Read More

OGDCL discovers new gas reserves in Khairpur

Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, has made a significant natural gas discovery at the Shahu-1 well, located in Khairpur, Sindh….Read More

NA informed: Final auction for PIA on 30th

As the country is seeking to outsource its airport operations in line with an International Monetary Fund (IMF) deal, the government on Wednesday told National Assembly that it is all set to hold the final auction of the financially unviable sinking ship – the Pakistan International Airlines (PIA) on October 30….Read More

Disco applicable rates: Govt set to provide power to SEZs

The government is likely to provide electricity to Special Economic Zones (SEZs) at the same rates which are applicable in jurisdictions of power Distribution Companies (Discos) and K-Electric (KE)….Read More

‘No proposal under study on ADR tax exemption for banks’

Minister of State for Finance Ali Perveiz Malik said Wednesday that there is no proposal under consideration on Advance-to-Deposit Ratio (ADR) tax exemption for banks….Read More

Sales tax on tractors hiked to 14pc from 10pc

The Federal Board of Revenue (FBR) Wednesday increased sales tax from 10 to 14 percent on import and local supply of tractors, which would ultimately increase agricultural tractors’ prices for the poor farmers/ growers….Read More

New CJP to take oath of office on 26th

President Asif Ali Zardari has appointed Supreme Court judge Justice Yahya Afridi as the Chief justice of Pakistan for the next three years….Read More