The federal cabinet on Sunday approved a plan to increase the power tariff and end subsidies ahead of virtual talks with the International Monetary Fund (IMF) starting today on the Memorandum of Economic and Financial Policies (MEFP). The cabinet also okayed a revised circular debt management plan through circulation in this regard. A team of مزید پڑھیں
A US fighter jet shot down an unidentified object over Canada on Saturday, the second such incident in North American skies since the dramatic downing of a suspected Chinese spy balloon a week ago. Prime Minister Justin Trudeau said a joint US-Canadian military operation led to the takedown of the object, the latest in a مزید پڑھیں
Hours after the International Monetary Fund (IMF) issued a statement on its talks with Pakistan, Finance Minister Ishaq Dar said that the parleys with the global lender ended “positively” and the government will have to impose Rs170 billion in taxes through a mini-budget in order to revive the loan programme. Addressing the media, the finance مزید پڑھیں
Finance Minister Ishaq Dar said on Thursday that talks with the International Monetary Fund (IMF) were “on track” and the government would share “good news” on the matter today. The finance minister made these comments during a media talk in Islamabad following a road safety conference amid hopes that the two sides would soon reach مزید پڑھیں
Pakistani rupee continued to show recovery in the interbank market on Thursday, extending its gains against the dollar by Rs4.83. Before 12pm, the local currency was being quoted at 268.50, an improvement of nearly Rs5. In the last couple of days, PKR appreciated after hitting its record low against the greenback. On Wednesday, the rupee مزید پڑھیں
The Pakistani rupee on Monday gained 5.58 against the US dollar in the interbank market. The US dollar closed at Rs276.58 in the interbank market on Friday, the last business day of the week, lost Rs.5.58 on Monday against the local currency. The forex dealers said the dollar is being traded at Rs271 after a مزید پڑھیں
Pakistan and Afghanistan on Friday signed an agreement to eliminate the double taxation policy for further enhancing the bilateral and economic ties between the two countries. Double taxation policy refers to the imposition of taxes on the same income, assets or financial transaction at two different points of time. The Afghan delegation was led by مزید پڑھیں
US House of Representatives Republicans on Thursday ousted Democrat Ilhan Omar from a high-profile committee over remarks widely condemned as antisemitic, two years after Democrats removed two Republicans from committee assignments. The deeply divided House voted 218-211 along party lines to remove Omar from the Foreign Affairs Committee with Republicans citing the 2019 remarks for مزید پڑھیں
The rupee on Friday plunged to a historic low against the dollar after Prime Minister Shehbaz Sharif’s said that the International Monetary Fund (IMF) is giving Pakistan “a tough time” — as the lender wants the government to do more on the economic front. “As we speak, an IMF delegation is in Islamabad [holding parleys مزید پڑھیں
Finance Minister Ishaq Dar said on Thursday that he would ask the central bank governor to coordinate with a group of philanthropists in an effort to raise dollars from overseas Pakistanis to reduce the foreign exchange shortage. Addressing a conference on Islamic finance via video link, Dar praised the initiative of Bashir Farooqi, founder of مزید پڑھیں
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