Stock market bleeds as US dollar reaches record high
KSE-100 index sheds 804.5 points on Friday, 1,700 points in week
KARACHI: Continuing with its declining trend, the Pakistan Stock Exchange (PSX)...
Our hands were tied, govt says on IMF deal
PM's finance adviser says foreign exchange reserves had fallen below $10bn so govt had to borrow from IMF
Hafeez says Fund...
Salaried class to suffer as govt mulls reversing income tax slabs
Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawn
ISLAMABAD: In an effort to increase the tax revenue...
Rupee down by another Rs4.6 against dollar in interbank market, hits Rs147
Ibrahim Moosa for Mettis Global told Profit, "The Pakistani rupee is expected to depreciate against the US dollar further and the market expectation is at around Rs147-148."
Govt lets rupee down!
Dollar touches all-time high at Rs146 before bouncing back to Rs144 later in day
Further devaluation on the cards after open...
ECC allows 150MW additional power supply to Karachi
Committee approves Rs1.8bn power subsidy for tribal districts
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday allowed an additional supply of 150MW power...
Govt approves amnesty scheme
Hafeez Shaikh says 'basic purpose' of scheme is to document economy, make dead assets functional
4pc will be charged for whitened...
Offshore drilling near Karachi coast completed
ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was...
Asad Umar wants IMF accord discussed in parliament
Former finance minister vows to inform the public about discussions he had with IMF before his ouster
Following his appointment as chairman...
IMF agrees to lend $6bn to Pakistan over three years
---IMF official says programme to support country's growth by reducing imbalances, improving business environment
ISLAMABAD: The Pakistani authorities and the International Monetary Fund (IMF)...
‘Impossible’ to work on gas pipeline under US sanctions, Pakistan tells Iran
Pakistan has informed Iran in writing that it cannot execute the Iran-Pakistan gas pipeline project as long as Tehran is under the...
FBR chief refrains officials from freezing bank accounts without prior notice
'My aim is to document the undocumented economy, as doing that will automatically increase the tax base'
Federal Board of Revenue (FBR)...
Pakistan growth to hit eight-year low as IMF bailout looms
National Accounts Committee has forecast a mere 3.3pc growth in the current fiscal year against a projected target of 6.2pc
KARACHI: Pakistan's growth...
Pakistan, IMF close to sealing $7-8bn loan agreement
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government and the International Monetary Fund (IMF) are likely to announce a staff-level agreement today (Friday), as the...
Electricity, gas prices to be increased as govt accepts IMF demands
'The govt has also agreed to make NEPRA and OGRA autonomous bodies'
The federal government has accepted the International Monetary Fund's demand...