Oil exploration and production companies have signaled an imminent closure of operations amid nonpayment of roughly Rs. 1.3 trillion or… Read More
Rawalpindi on High Alert as Heavy Rains Inundate Twin Cities
Rawalpindi and Islamabad have been hit by heavy rainfall since last night, prompting authorities to declare a rain emergency in… Read More
Gerry D’nata and Other Airport Services Fined for Clearing Helicopter Parts Without Permission
Customs Appellate Tribunal Islamabad has imposed a hefty penalty on Gerry D’nata and other airport services for fraudulent clearance of… Read More
IMF Sets 10 Structural Benchmarks for Pakistan to Fulfil Bailout Criteria
The International Monetary Fund (IMF) has set ten Structural Benchmarks (SBs) for stand-by arrangement (SBA) including not granting further tax… Read More
Wall Collapse After Heavy Rain Kills 12 Workers in Islamabad
In a devastating incident in the jurisdiction of Police Station Noon, Islamabad, a wall collapsed near Golra Mor on Peshawar… Read More
Pakistan’s External Debt to Cross $130 Billion in FY24
The International Monetary Fund (IMF) has projected increase in Pakistan’s external debt to reach $130.850 billion in 2023-24 up from… Read More
Sirajuddin Aziz takes Oath as Banking Mohtasib
President Dr. Arif Alvi administered the Oath of Office of Banking Mohtasib Pakistan to Sirajuddin Aziz at a ceremony held… Read More
IMF Sets Premium Limit of 1.25% Between Open Market and Interbank Rates
Under the stand-by agreement (SBA) with the International Monetary Fund (IMF), the government will ensure that the average premium between… Read More
Govt Assures IMF of Collecting Additional Revenue from Agriculture and Construction Sector
Pakistan has committed to the International Monetary Fund (IMF) to sustainably raise additional revenue by targeting undertaxed sectors like agriculture… Read More
IMF Urges Pakistan to Continue Monetary Policy Tightening Cycle
The government has committed to the International Monetary Fund (IMF) that it stands ready to consider further action in the… Read More
Pakistan’s Gross External Financing Needs to Exceed $28 Billion in FY24
The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $28.361 billion for fiscal year 2023-24 (FY24),… Read More
CDWP Recommends 7 Projects Worth Rs. 1064 Billion to ECNEC
The Central Development Working Party (CDWP) approved 10 development projects with a total cost of Rs. 1,073.41 billion during its… Read More
