The review Mission of International Monetary Fund (IMF) led by its Chief, Nathan Porter, called on Finance Minister Ishaq Dar in Islamabad on Tuesday. The meeting discussed and reviewed the economic and fiscal policies and reforms agenda to accomplish the 9th review under the Extended Fund Facility. The Finance Minister briefed the Mission on fiscal مزید پڑھیں

Following the petrol bomb, people can get some relief from electricity bills as National Electric Power Regulatory Authority (Nepra) on Tuesday reduced the cost of electricity per unit by Rs10.80 for K-Electric’s consumers and Rs2.31 for other consumers. The NEPRA has approved a reduction in electricity price by Rs10.80 per unit for the month of مزید پڑھیں

The Pakistani rupee continued to lose its value on Monday, trading at an all-time low of 270 against the dollar in the interbank market. The local currency, which had closed at a record low of Rs262.6 on Friday, fell Rs6.5 to a dollar or 2.32% today, according to the Exchange Companies Association of Pakistan (ECAP). مزید پڑھیں

Finance Minister Ishaq Dar on Sunday morning announced an Rs35 increase in the prices of petrol and diesel, which will be applicable from 11am today. The new price of petrol will be Rs249.80. The new price of diesel will be Rs262.80. The prices of kerosene and light diesel will increase by Rs18. The increase comes مزید پڑھیں

Asserting the government was firing on all cylinders to salvage the country’s economy, Finance Minister Ishaq Dar Friday said Pakistan is the only country founded in the name of Islam and Allah Almighty is responsible for its development and prosperity. Addressing the inauguration ceremony of the Green Line Express Train service in Islamabad, the Pakistan مزید پڑھیں

Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail Thursday slammed Finance Minister Ishaq Dar and said that the finmin doubted his ability to keep the economy afloat. The former finance minister said the attempt to run the country without the help of the Fund resulted in harming Pakistan, however, the government soon realised that it has مزید پڑھیں

After losing Rs12 against the US dollar in the open market, the Pakistani rupee also lost Rs11.11 against the greenback in the interbank market on Thursaday. The local currency was being traded at Rs242 per dollar in the interbank market around 10:48am, according to the data from the Forex Association of Pakistan (FAP). After the مزید پڑھیں

Following approval from Prime Minister Shehbaz Shairf, Pakistan sent a letter to the International Monetary Fund (IMF) requesting the lender of the last resort to send its review mission to the federal capital next week. “The government has concluded that there is no other choice but to revive the IMF programme on an immediate basis, مزید پڑھیں

The Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2 billion with the State Bank of Pakistan (SBP), the country’s top economic manager announced late Wednesday, a move that would create some much-needed room in the country’s cramped fiscal space. “Abu Dhabi Fund for Development (ADFD) has rolled over their deposit مزید پڑھیں

State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Wednesday that the country would start receiving US dollar inflows from next week, which would help shore up the central bank’s rapidly depleting foreign exchange reserves. Addressing businessmen at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he acknowledged that the country’s reserves مزید پڑھیں