The federal government will introduce the amended finance and SBP autonomy bills in Parliament for approval on December 28, (Tuesday), sources within the finance department said Sunday, ahead of the sixth review of the $6 billion Extended Fund Facility (EFF) by the International Monetary Fund’s (IMF) executive board on January 12. The IMF has demanded مزید پڑھیں

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin was sworn in as a senator after he won the by-election for a general seat in the Senate from Khyber Pakhtunkhwa on Friday. Tarin bagged 87 votes, while according to KP Health Minister Taimur Khan Jhagra, four votes were rejected and five lawmakers did مزید پڑھیں

The federal government and the Asian Development Bank (ADB) on Wednesday signed six agreements amounting to $1.543 billion to finance projects related to the energy sector, urban infrastructure, social protection, roads and water resources, the Ministry of Economic Affairs in a statement. The agreements were signed by Economic Affairs Division Secretary Mian Asad Hayaud Din مزید پڑھیں

The foreign exchange reserves held by the central bank fell 0.48% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On December 10, the foreign currency reserves held by the SBP were recorded at $18,568.3 million, down $90 million compared with $18,658.2 million on December 3. The مزید پڑھیں

The government on Wednesday decided to decrease the prices of petrol and high-speed diesel (HSD) by Rs5 per litre from December 16 to provide relief to people. According to a notification issued by the Finance Division, the new price of petrol will be Rs140.82 per litre against the previous price of Rs145.82 per litre. The مزید پڑھیں

Governor State Bank of Pakistan (SBP) Reza Baqir said that the current account deficit (CAD) is expected to increase for the next two months and will then decrease gradually. Baqir said Pakistan was not headed towards a situation where the interest rate in the country could surge to 13.52%. The last time Pakistan faced such مزید پڑھیں

In line with the market expectation, Pakistan’s central bank increased the benchmark interest rate by 100 basis points to 9.75% on Tuesday, to counter inflationary pressures, address the current account deficit, and ensure that growth remains sustainable. “Given rate increases since September and the outlook, the Monetary Policy Committee felt that the end goal of مزید پڑھیں

The government may slash the price of petrol by Rs11 per litre from December 16, sources said. The price of diesel is expected to decrease by Rs9 per litre, revealed industry sources, adding that the government will finalise the prices of petroleum products after either raising or lowering the tax rates. The price of crude oil مزید پڑھیں

The Asian Development Bank (ADB) has approved $385 million in financing to help improve the livability and community health of five cities in Pakistan’s Khyber Pakhtunkhwa province. According to a statement issued by the ADB, the Khyber Pakhtunkhwa Cities Improvement Project will help construct two clean water supply treatment facilities, three sewerage treatment facilities, and مزید پڑھیں

The Pakistan Stock Exchange (PSX) witnessed a tepid week as concerns over the upcoming monetary policy announcement played on investors’ minds and dimmed trading activity. Amid lacklustre trading, the KSE-100 index closed the week with a loss of 0.4% or 163 points at 43,396 points. “The market carried the dullness from last week on account مزید پڑھیں