Pakistan gets $1.8bn loan rescheduled from friendly countries
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Monday that $1.8 billion worth of loans...
SBP to announce monetary policy on 15th
KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (May 15) in Karachi to decide the country’s monetary policy.
The...
Fiscal deficit to surge, tax revenue to miss target this year: Hafeez Shaikh
‘Revenue has taken a hit. Exports have taken a hit. Remittances have taken a hit, and, above all, our people are suffering’
PM for out-of-box solutions to heal corona-hit economy
Imran stresses need to focus on SMEs, agri sector to create more jobs
Govt to present next year’s budget on June 5
--Expenditure target for FY21 to be fixed at Rs10.4tr
--Rs600bn to be spent on development projects; Rs200bn on corona-related programmes
ISLAMABAD: The federal government...
EU to support Pakistan’s anti-corona fight with 153m euros
ISLAMABAD: Ambassador of the European Union Delegation to Pakistan Androulla Kaminara called on Prime Minister Imran Khan on Thursday and said the...
Govt announces to exit lockdown from Saturday
ISLAMABAD: The government has decided to gradually lift the lockdown restrictions, imposed to contain the impact of coronavirus, from May 9 (Saturday), announced...
Budget deficit reaches Rs1.68tr in nine months
–Expenditures clock in at Rs6.3tr against revenues of Rs4.6tr
–Govt spent Rs1.8tr on debt servicing, Rs802bn on defence, Rs31.8bn on education and Rs5.1bn...
Cabinet approves export of rice, hand sanitisers
ISLAMABAD: The federal cabinet on Tuesday allowed the export of rice and locally manufactured hand sanitisers, as Federal Minister for Information and...
ADB to provide Pakistan $305m to fight pandemic
ISLAMABAD: The Asian Development Bank (ADB) will provide $305 million to Pakistan to deal with the coronavirus pandemic in the country.
This was...
COVID-19: Pakistan’s exports plunge 54pc in April
ISLAMABAD: Owing to the closure of global markets amid COVID-19 outbreak, Pakistan's exports fell by a massive 54pc in April 2020, as...
After three downward revisions, govt may still miss revenue target
ISLAMABAD: The Ministry of Finance was preparing the next financial budget on the basis of this year’s revenue target, which it expects...
The pandemic is e-commerce’s time to shine. But will it last?
As the pandemic continues to spread in Pakistan, people are turning to e-commerce out of necessity. When this is all over, will it leave a lasting impact on how we shop?
Solar is the future, so might as well hurry
To have a burgeoning solar energy industry, it can be easy to think of more complicated things that a country needs to...
The Dollar: Buy, sell or hoard?
Profit explains the flaws with the old FX policy, what measures the PTI took to keep the market relatively stable and where the USD/PKR parity is headed in the short to medium term.