Purchasing power wanes as rupee depreciation stings consumers and businesses
The rupee's depreciation has impacted consumer appetite and contributed to restaurants profit margins being squeezed as they attract fewer customers
UAE decides to bolster Pakistan’s forex reserves with $3 billion
Pakistan is expecting the UAE to extend further financial assistance via deferred oil payments, said Information Minister Fawad Chaudhary
Pakistan, China agree to enhance cooperation under CPEC
MoU signed for industrial cooperation with an aim to attract investments in special economic zones
JCC agrees to implement poverty alleviation demonstration...
Govt tells IMF it may levy federal excise duty on domestic and imported cars
With a blend of new taxes and rupee devaluation, the tax collection could increase to Rs4.5 trillion during the current financial year, Rs5.8 trillion by June 2020 and Rs7 trillion by June 2020, respectively
Govt considering another ‘mini-budget’ in Jan 2019
Finance minister tells senators about proposals for increase in taxes, says govt could consider decreasing taxes instead
Says financial aid received...
Current account deficit grows 3.46% MoM to $1.255 billion in November
During July-November FY19, current account deficit nosedived 10.59% to $6.090 billion compared to $6.812 billion in the corresponding period of last year
Rupee devaluation fails to spur growth in exports, touch $9.120 billion in 5MFY19
Trade deficit for July-November FY19 fell to $14.51 billion or 2.0% from $14.81 billion in the corresponding period of last year
IMF to check Pakistan’s debt sustainability before giving loan
The International Monetary Fund on Tuesday said that Pakistan’s capacity to return loans will be assessed, adding that it will consider the...
British Airways to resume Pakistan flights after a decade
BA, which is owned by Spanish-registered IAG, is due to begin the London Heathrow-Islamabad service on June 2, with three weekly flights by the airline’s newest long-haul aircraft, the Boeing 787 Dreamliner
Engro’s Rs60 billion question
How the conglomerate will deploy this capital over the next few years will define its future for the next generation – and possibly that of Pakistan
The taxi driver in the age of Careem
Careem may have opened up earning opportunities for many, but for others, it has left financial devastation in its wake
Airbnb gains traction in Pakistan and no one has noticed
The app is rapidly finding users, even though it has not yet customized its platform for the local market’s needs
Govt may introduce another mini-budget to address economic woes
Supplementary bill will help govt meet IMF conditions, constitute Sarmaya-e-Pakistan and remove tax conditions on purchase of properties
ISLAMABAD: As the incumbent government...
No urgency for IMF programme, says Asad Umar
Pakistan is in no rush to strike a deal with the International Monetary Fund (IMF) to deal with its balance-of-payments crisis, Finance...
Fitch downgrades Pakistan’s rating to B-, maintains stable outlook
It projects current account deficit will narrow to 5.1% of GDP in FY19 and to 4% in FY20 from a revised 6.1% in FY18