In a recent development, multiple cargoes of Regasified Liquefied Natural Gas (RLNG) have arrived in Pakistan, bringing much-needed relief to the country’s gas crisis. Petroleum officials have confirmed that the inclusion of RLNG in the gas system has played a pivotal role in resolving the crisis. According to petroleum officials, the inclusion of RLNG in مزید پڑھیں

Federal Minister for Finance Ishaq Dar on Wednesday told US ambassador Donald Blome that the latest government’s budgetary measures for fiscal year 2023-24 are aimed at reducing the fiscal gap in order to meet national as well as international financial obligations. The Finance Division said Dar also informed the US diplomat about the progress on مزید پڑھیں

Azad Jammu and Kashmir (AJK) government on Wednesday unveiled its more than 232 billion rupees budget with a development outlay of 42 billion and a deficit of the same amount allocated for development expenditures. Senior Minister allotted the portfolio of Finance last night, Col Waqar Noor presented the budget in the Legislative Assembly for the مزید پڑھیں

The International Monetary Fund’s (IMF) criticism of Pakistan’s latest budget suggests chances are rising that the lender will opt not to deliver long-awaited aid before its bailout programme finishes at the end of June, Bloomberg reported. “This would cause a severe dollar shortage in the first half of the fiscal year that starts in July, مزید پڑھیں

The caretaker cabinet of Punjab has approved a budget of 1719 billion rupees for the first 4 months of the next financial year, in which 30 percent ad hoc relief in the salaries of government employees has been approved, while 5 percent in pension and 20% has been approved for old age pensioners. A provincial مزید پڑھیں

Minister for Finance and Revenue Ishaq Dar clarified that Shell Petroleum Company is not closing its business in Pakistan. He said the company is selling its shares to another international investor. “Shell is not closing its business in Pakistan. Any decision that the company takes, it is bound to implement the government’s decisions,” said the مزید پڑھیں

Responding to the International Monetary Fund’s (IMF) reservations over the fiscal year 2023-24 (FY24) budget tabled in the National Assembly last week, the government expressed willingness on Friday to show flexibility on the matter and said it remained engaged with the international money lender to reach an “amicable solution”. “We are not ‘doctrinaire’ about any مزید پڑھیں

The value of the dollar increased dramatically by a margin of Rs2 against the rupee and is currently being traded at Rs297 in the open market. The dollar was being traded at Rs287.25 during the inter-bank trade around 10:15am. On Thursday, the rupee ended its four-session losing streak against the US dollar, to settle at مزید پڑھیں

The gold price in Pakistan continued to go up for the second consecutive day in line with an increase in the international market on Friday. According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) increased by Rs2,700 per tola and Rs2,315 per 10 grams to مزید پڑھیں

Hours after the International Monetary Fund (IMF) expressed concerns about the government’s failure to broaden the tax base through the budget for the fiscal year 2023-24, Finance Minister Ishaq Dar said that Pakistan is a sovereign country and cannot accept everything the lender demands. Addressing the Senate Standing Committee on Finance and Revenue, he responded مزید پڑھیں