The establishment of Pakistan’s largest IT park in Islamabad has faced another delay as the Capital Development Authority (CDA) moves… Read More
IMF Urges Bigger Workforce At Finance Division to Support Budget Preparation
The International Monetary Fund (IMF) has recommended that Pakistan strengthen its capacity at the Finance Division to lead and coordinate… Read More
Rupee Surges 2nd Day in a Row Against US Dollar, Other Big Currencies
The Pakistani rupee (PKR) posted gains 2nd day in a row against the US Dollar (USD) today after opening trade… Read More
Sazgar to Buy Land Worth Rs. 1.5 Billion for Future Expansion
The Board of Directors of Sazgar Engineering Works Limited (PSX: SAZEW) in their meeting held today i.e. November 14, 2024,… Read More
Bank Alfalah Withdraws Offer to Buy Majority Stake in Samba Bank
Bank Alfalah Limited (PSX: BAFL) has withdrawn its public announcement of intention to buy an 84.5 percent stake in Samba… Read More
IMF to Meet Provinces Today Over Delay in 45% Agricultural Income Tax
The International Monetary Fund (IMF) mission will meet with provincial government representatives today to review progress on implementation of the… Read More
Mini-Budget Unlikely As IMF Satisfied With Pakistan’s Growth So Far
The International Monetary Fund (IMF) is satisfied with Pakistan’s tax-to-GDP ratio increase by 1.5 percentage points which has ruled out… Read More
Tea Prices Set to Surge by up to Rs. 300 Per Kg
The Pakistan Tea Association (PTA) has warned that the Federal Board of Revenue’s (FBR) new minimum retail price (MRP) of… Read More
Pakistani Startups Raise $32 million in First 4 Months of FY2024-25
Pakistan’s startups have once again attracted the attention of investors, securing $32 million in funding from various sources during the… Read More
IMF Asks Pakistan to Treat Foreign Investors Equally
The International Monetary Fund (IMF) has urged Pakistan to adopt a standardized approach to treat foreign investors professionally and remove… Read More
FBR Likely to Impose Lower Sales Tax Rate on Petroleum Products
The Federal Board of Revenue (FBR) is considering imposing a lower rate of sales tax between 3 to 5 percent… Read More
IMF Eyes Shifting Back to 3-Month Reviews As Pakistan Struggles to Achieve Targets
The International Monetary Fund (IMF) is contemplating a shift back to a quarterly review schedule for Pakistan’s $7 billion bailout… Read More
