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Tuesday, November 19, 2024

Miftah Ismail denies link between fuel price hike, IMF accord

The minister says the Fund had not demanded to increase the fuel prices, but it was a result of global inflation.

SBP’s restriction caused panic for auto assemblers in Pakistan

Auto assemblers in the country will likely experience a delay in the import of CKD (Completely Knocked-Down) kits.

Pakistani Rupee dives into the sea

Amid prevailing uncertainty, PKR declined around 16.5 percent against the USD and its performance has been marked as worst in whole Asia

Pakistan finally secures deal with IMF

Pakistan and IMF on Tuesday night reached an understanding on the federal budget for 2022-23, which lead to revival of the extended fund facility.

Status of GSP+ extension for Pakistan

Monitoring Mission of European Union’s (EU) Generalized System of Preferences Plus (GSP+) is on visit to Islamabad for ten days

Hopeful of IMF accord in a day or so: Miftah Ismail

The minister vows to protect those with up to Rs1.2 million in annual earnings from income tax.

Political parties and military blamed for being “intellectually corrupt”

Former Chairman FBR blamed PML, PPP, MQM and Military for being intellectually corrupt and facilitating transfer of assets from Pakistan

HBL wins praise for Pakistan’s FATF achievement

Chairman HBL has been recognized for his support in bringing Pakistan to its final stage for exiting FATF’s grey list.

Electricity generation expense jumped by 131 percent

The expense of power generation in Pakistan increased by 131 percent from Rs. 5.7 kWh in May 2021 to Rs. 13.15 kWh in May 2022.

US to assist Pakistan with IMF deal: report

Reportedly, Pakistan has been "seeking Washington's support" for renewing its Extended Fund Facility (EFF) with the IMF.

No agreement reached with IMF, Pakistan continues to struggle

Pakistan failed to reach an agreement with the IMF to procure EFF and seeks assistance from the United States

Bitcoin wobbling around $20,000 puts industry in anxiety

The overall crypto market capitalisation is roughly $870 billion, according to price site Coinmarketcap, down from a peak of $2.9 trillion in November 2021.