During the final round of the ongoing negotiations between the IMF mission and the government’s economic team on Monday, no resolution was reached. Sources indicate the possibility of extending these…
Business
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The leadership of the Pakistan Hosiery Manufacturers Association (PHMA) has pledged to collaborate closely with the new government to bolster exports and revitalize growth in the value-added textile industry. Farrukh…
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On Monday, the State Bank of Pakistan (SBP) opted to maintain the policy rate at 22 percent for the sixth consecutive time. This decision was made in light of the…
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The government is poised for another potential gas price hike in Punjab and Khyber Pakhtunkhwa, following a plan already prepared for Sindh and Balochistan. The Sui Northern Gas Pipeline Limited…
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The IMF has advised the Federal Board of Revenue (FBR) to broaden the scope of the Capital Gains Tax (CGT) by including cryptocurrencies in the tax framework. Furthermore, it recommended…
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The Pakistan Stock Exchange (PSX) witnessed a turbulent and uncertain week, marked by bearish trends as it closed four out of five sessions in the red. The market experienced ongoing…
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Pakistan has opted to formally request the International Monetary Fund (IMF) for a more extensive and extended bailout package under the Extended Fund Facility (EFF) during the upcoming spring meetings…
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On Saturday, the Economic Advisory Group (EAG) of PRIME, a research institute, emphasized the importance of maintaining a high interest rate to ensure price stability. The EAG highlighted the risks…
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The government has agreed to the IMF’s request for further action and has committed to raising electricity prices, as per sources. Negotiations between the government and the International Monetary Fund…
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Amidst a deepening socio-economic crisis in Pakistan, the issue of inflation persists as the foremost concern for the majority of Pakistanis, according to a recent survey. The Ipsos Pakistan’s Consumer…
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The federal government has opted to keep the price of petrol unchanged for the period starting March 16, as per a notification issued by the Ministry of Finance on Friday.…
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Plastic bag manufacturers are pointing fingers at the Federal Board of Revenue (FBR) for annual tax evasion amounting to billions of rupees by major commodity producers, attributing it to malfunctioning…
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Pakistan’s central bank is widely expected to maintain its key interest rate at a record 22% for the sixth consecutive policy meeting on Monday, as inflation concerns persist. However, a…
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The International Monetary Fund (IMF) has urged Pakistani authorities to take additional measures beyond abolishing the special tax system for the construction sector. The IMF has instructed Pakistani officials to…
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The Pakistan Stock Exchange (PSX) has launched the Shariah-compliant Mahaana Islamic Index Exchange Traded Fund (MIIETF), making its units available for trading to the general public. According to a statement…
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Business
SBP payments system review shows mobile and internet banking as the preferred modes of digital transactions
On Wednesday, the central bank highlighted that mobile and internet banking continue to be the preferred methods of digital transactions for Pakistanis, constituting half of all digital transactions. In its…
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Shortly before commencing talks with the IMF review mission starting from Thursday, the finance ministry asserted on Wednesday that Pakistan has fulfilled all the agreed targets necessary for the successful…
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The finance ministry announced on Wednesday that the second and final review of the Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) is set to take place from Thursday…
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On Wednesday, the 100-index of the Pakistan Stock Exchange (PSX) experienced a bearish trend, witnessing a decline of 753.26 points. This marked a negative change of 1.16%, resulting in a…
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On Tuesday, Prime Minister Muhammad Shehbaz Sharif directed the submission of a comprehensive roadmap to enhance IT exports. He expressed the government’s commitment to fully harness the billion-dollar potential of…