The finance ministry on Friday predicted a halt in the inflation spike in September amid its inability to give forecasts for the country’s macroeconomic indicators while deviating from its previous standards. “September may show a halt to the recent drastic accelerations of the year-on-year inflation rate,” read the monthly economic outlook report. However, it did مزید پڑھیں

 The price of petrol in Pakistan may decrease by Rs7.24 per litre and diesel by Rs16.61 per litre in the next fortnightly review if the government passes on the impact of the retreating global market by not raising taxation, latest news about the rates suggest. Oil industry data shows that all petroleum prices are showing مزید پڑھیں

Finance Minister Ishaq Dar has advised the Federal Board of Revenue to increase its efforts in tax collection to bring the tax to GDP ratio to 15 percent. He said this while chairing an FBR meeting in Islamabad on Thursday. Chairman FBR Asim Ahmad briefed that FBR has successfully achieved its monthly targets for the مزید پڑھیں

Finance Minister Ishaq Dar on Friday announced a reduction in the price of petrol by Rs 12 per litre and high speed diesel by Rs12.13. The new prices will come into effect at midnight tonight, the newly appointed finance minister said while addressing a press conference in Islamabad. “The petrol price has been reduced to مزید پڑھیں

The National Electric Power Regulatory Authority on Thursday approved a reduction of Rs4.87 per unit for K-Electric consumers on account of fuel charges adjustment (FCA) for August 2022. The hearing of KE’s fuel adjustment application in NEPRA was presided over by the power regulator’s Chairman Tauseef H Farooqi. In a statement, the chairman said with مزید پڑھیں

Finance Minister Ishaq Dar said on Wednesday that some changes would be made in the central bank law at “an appropriate time”, advocating intervention in the currency market that signalled a needed shift in the International Monetary Fund (IMF)-backed policies. In his first media talk after taking oath as the finance minister, Dar said that مزید پڑھیں

Pakistan’s largest bank, Habib Bank Limited (HBL), has clarified that it is “vigorously” contesting the “terror financing” charges case in the United States. The statement came in response to the Bloomberg report which claimed that the bank faces secondary liability in a case in the US after “it failed to shake off claims of aiding مزید پڑھیں

In the interbank market during the intraday trade, the dollar’s value declines by 1.12 to 231 per rupee. The rupee gained in value Thursday for the fifth consecutive trading session against the dollar after a change of leadership at the Ministry of Finance and a warning from Ishaq Dar to the speculators playing with the مزید پڑھیں

The Pakistani rupee gained further ground as the US dollar continued its declining trend for the third consecutive session on Tuesday. The dollar lost Rs3.20 against the rupee on Tuesday and was trading at Rs234 in the interbank market during intraday trade as of 10:30am, after the local unit suffered consecutive losses during several sessions مزید پڑھیں

Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail officially resigned from the office of finance minister on Tuesday, days after announcing that he had verbally informed the premier of his decision to step down from the post. Miftah steps down as former finance czar and PML-N leader Ishaq Dar is set to take the reins of مزید پڑھیں