Pakistan and the International Monetary Fund’s review of Pakistan’s performance under the latter’s $6 billion program will resume today, according… Read More
Rupee Barely Avoids New Record Low Against the US Dollar
The Pakistani Rupee appreciated by two paisas against the US Dollar and closed at 171.18 today. This is after it… Read More
FBR Appoints New Heads of 3 Directorates
The Federal Board of Revenue (FBR) has appointed new heads of three important directorates, i.e., Director General, Directorate General of… Read More
Surging Brent Futures May Prompt Yet Another Petrol Price Hike
Crude futures surpassed $85 per barrel for the first time in three years today, a development that may prompt Pakistan… Read More
Govt Likely to Approve New $3 Billion Petrochemical Policy
The government is likely to approve a new petrochemical policy designed to attract an investment of $3 billion, reported a… Read More
SBP’s Forex Reserves Dip by $31 Million
The foreign reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $31 million to $19,138.4 million on… Read More
EU Will Decide Extension of Pakistan’s GSP+ Status After Review
The European Union will decide whether to extend the Generalised Scheme of Preferences Plus status to Pakistan after reviewing the… Read More
Rupee Slips to A New Record Low Against the US Dollar
The Pakistani Rupee has fallen beyond yesterday’s record-low against the US Dollar today. It lost seven paisas against the US… Read More
Electricity Prices to Increase Further as Power Division Set to Raise Base Tariff
The Power Division has prepared a summary to seek approval from the cabinet over raising the base tariff by Rs… Read More
Pakistan Pays Off Previous Govt’s $1 Billion Debt from 2016
The government has repaid $1 billion of foreign debt incurred in 2016 by issuing an international Sukuk at 5.5 percent,… Read More
Govt Abolishes 10 Year Tax Exemption for Existing Oil Refineries
The government has abolished a 10-year tax exemption for existing oil refineries, as reported by a national daily. The petroleum division has… Read More
Finance Minister Meets World Bank VP in Washington
The federal Minister for Finance and Revenue, Shaukat Tarin, met the Vice President of the World Bank South Asian Region,… Read More
