Economy

ISLAMABAD, Nov 23 : Prime Minister Imran Khan on Tuesday describing taxes vital for country’s economic stability and survival hoped that the use of technology will help check tax-pilferage and take revenue collection to the tune of Rs. 8000…
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ISLAMABAD, Nov 22 (APP):Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin on Monday informed that an agreement between Pakistan and International Monetary Funds (IMF) under Extended Fund Facility (EFF) worth US $1.059…
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ISLAMABAD, Nov 22 (APP): Prime Minister Imran Khan on Monday ordered immediate shipment of in-kind humanitarian assistance worth Rs. 5 billion for Afghanistan including 50,000 MT of wheat, emergency medical supplies, winter shelters and…
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Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement, the international money lender revealed Monday. "The agreement is subject to approval by the Executive Board, following the implementation of prior…
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Asian Development Bank has reassured its support to Pakistan in its reform agenda, especially in the Energy and Financial Markets Sectors and to speed up the economic recovery process. The assurance was given by the US Alternative…
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Despite rising petroleum product prices globally, Prime Minister Imran Khan has rejected a proposal for enhancement in the prices. PM KHan ordered that the prices of petroleum products from 16th November 2021 shall remain the same as…
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ISLAMABAD: The prices of petrol and diesel in Pakistan have skyrocketed in Pakistan. According to a finance ministry notification, with the Rs8.03 increase, the new price of petrol has been fixed at Rs145.82 per litre for the next…
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The Saudi Fund for Development said it was depositing $3 billion in State Bank of Pakistan (SBP) to help support its foreign reserves, the kingdom’s state news agency reported on Tuesday. The fund added that an official directive was…
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Turkey's currency on Thursday plumbed record lows as Ankara reeled from the twin blows of being placed on a terrorism financing and anti-money laundering watch list and an interest rate cut that economists fear could spark hyperinflation.…
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PARIS: The Financial Action Task Force (FATF) on Thursday announced that it is retaining Pakistan on the grey list, while noting that "good progress" has been made in completing the required action items for removal from the list. FATF…
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The government on Monday issued a notification confirming Shaukat Tarin's appointment as adviser to the prime minister on finance and revenue. "The president, on the advice of the prime minister, has been pleased to appoint, with…
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The government on Friday  announced a fresh hike in petroleum products, increasing the prices of petrol and high speed diesel by Rs10.49 and by Rs12.44 respectively for the next fortnight. The development came a day after the government…
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Prime Minister Imran Khan on Monday directed officials to take all possible measures to provide land, electricity and gas connections as well as tax incentives to attract more and more Chinese companies to invest in Pakistan and populate…
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Petroleum prices: Oil prices in Pakistan are likely to go up by up to Rs10 a litre from October 16, a media report said. The Petroleum prices of refined products have gone up from $79 to $91 per barrel from October 1, sources were quoted…
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ISLAMABAD: Prime Minister Imran Khan on Sunday welcomed the Pandora Papers investigations and promised investigations against Pakistanis named in the report. "We welcome the Pandora Papers exposing the ill-gotten wealth of elites,…
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