Economy

The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion,…
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Prime Minister Imran Khan Tuesday underlined that exports and tax collection were the two main driving agents to boost the country’s economy, over which the present government was fully focused. He said the government was making…
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ISLAMABAD: The federal Cabinet on Tuesday approved the controversial State Bank of Pakistan (SBP) Amendment Bill, which has proposed to curtail the government's borrowing from the central bank, The news pmc reported. The…
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Federal Minister for National Food Security and Research Syed Fakhar Imam received the Ambassador of United Arab Emirates (UAE) to Pakistan His Excellency Hamad Obaid Alzaabi today on 15th Dec, 2021. Syed Fakhar Imam acknowledged the…
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Pakistanis across the country are searching for petrol in every nook and corner of their city as most petrol pumps are closed today (Thursday). However, oil marketing companies Pakistan State Oil and Shell had earlier announced they…
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Advisor to the Prime Minister on Finance Shaukat Tarin admitted Tuesday that the government was unable to buy LNG cargoes in time. In an interview to journalist Nadeem Malik, the former finance minister said the government did not buy…
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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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