The rupee steadied against the US dollar in the inter-bank market on Wednesday as traders looked to the International Monetary Fund (IMF) for clarity on sixth review of $6 billion loan programme. The IMF board is scheduled to take Pakistan’s case today and traders are hopeful that the IMF board will clear the sixth review مزید پڑھیں

Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday stressed the need for using technology in matters related to taxation and foreign exchange. Addressing a press conference, the minister said that all “economic matters should be free from obstacles.” Tarin’s comments came after the reports revealed that the Federal Board of Revenue (FBR) has مزید پڑھیں

The World Trade Organisation (WTO) authorised China on Wednesday to impose $645 million of compensatory tariffs against the United States in a ruling immediately blasted by Washington. China went to the WTO in 2012 to challenge anti-subsidy tariffs the United States imposed between 2008 and 2012, mainly during the term of US President Barack Obama, مزید پڑھیں

Western diplomats on Tuesday linked humanitarian aid to Afghanistan to an improvement in human rights after meeting a Taliban delegation on a landmark visit to Europe. On the final day of the Taliban’s first official trip to Europe since returning to power in August, the fundamentalists held talks behind closed doors with several Western diplomats. مزید پڑھیں

The threat of economic sanctions on Russia has pushed up crude oil prices and reduced Russia’s crude oil exports. British Brent crude rose 73 1.73 a barrel to 89 89.93 a barrel. US crude rose 69 1.69 a barrel to 87 87.29 a barrel. Meanwhile, the US stock market saw a bearish trend, two major indices fell,he مزید پڑھیں

The government on Tuesday approved the transaction structure and project proposal for the construction and operation of Karachi Circular Railway (KCR) on public-private mode at an estimated cost of about Rs220bn. Under the transaction structure approved by the board of Public-Private Partnership Authority (P3A), the private sector will finance, develop and run the project on مزید پڑھیں

The Central Directorate of National Savings (CDNS) has kick started the work to enhance investment opportunities and promote digital investment through many new projects. “The CDNS, in collaboration with the State Bank of Pakistan (SBP), is developing digital prize bonds, which will be available through online electronic channels,” a senior CDNS official informed APP on مزید پڑھیں

The lira was slightly weaker on Monday after Turkey’s finance minister was cited as saying he expected some $10 billion of forex bank deposits to be converted to lira due to a new law exempting such deposits from corporate tax. Sources also cited Finance Minister Nureddin Nebati as saying he expected inflation to rise to مزید پڑھیں

In line with market expectations, the State Bank of Pakistan (SBP) on Monday maintained the status quo and left the benchmark interest rate unchanged at 9.75%% for the next two months to lower inflation and keep the ongoing economic recovery sustainable. “In reaching its decision, the monetary policy committee (MPC) considered key trends and prospects مزید پڑھیں

Federal Minister for Energy Hammad Azhar on Thursday said that the PTI-led government will take measures to provide maximum relief to the salaried class. Addressing a press conference in Islamabad, the minister said that the industrial sector grew by 7.8% and while services sector by 5%, despite the previous government’s record trade deficit which was مزید پڑھیں