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Wednesday, November 13, 2024

$700 Million Loan Hangs in Balance as Pakistan Excluded from IMF Agenda Until Mid-December

Pakistan faces uncertainty as scheduling delays push IMF approval into mid-December, impacting the awaited $700 million disbursement.

Global Islamic banking sector poised to reach $4 trillion by 2026

The report also provides insights into the thriving Islamic fintech market, where transactions surged to around $79 billion in 2021.

Economy Shrunk Under PDM Govt: Reports

The NAC confirmed that Pakistan's GDP hit a 50-year low during the tenure of PDM coalition government.

Pakistan Eyes Tax Base Expansion with Military-Led Data Integration Committee

The objective is to elevate the number of income tax return filers from 4.9 million to 6.5 million within the next eight months.

Pakistan Stock Exchange Breaks 59,000 Points Barrier

The KSE-100 Index surged to 59,502.28 points, marking a significant gain of 603 points compared to the previous close at 58,899.84 points.

Energy Price Hike Looms as Caretaker Government Navigates IMF Agreement

Finance Minister Shamshad Akhtar underscored the necessity for robust financial reforms to fortify Pakistan's economy.

PSX Hits Historic Highs, Rupee Recovers

PSX KSE-100 index soared past the 57,000-point benchmark, registering a remarkable increase of 422 points.

Pakistan’s Soaring Debt Hits Rs78 Trillion, Sparking Urgent Calls for Restructuring

The previous fiscal year witnessed a record federal budget deficit of Rs6.7 trillion, attributed to expansionary fiscal policies.

Pakistan Stock Exchange Achieves Record High Amid Ongoing IMF Review

While the PSX reached new heights, PKR faced depreciation, reaching a five-week low at Rs287 against the US dollar in the interbank market.

Kia Unveils 2025 K5 Facelift: Price, Design Updates, and Advanced Technology

Kia Motors Corp., South Korea's second-largest automaker, introduced its brand-new K5 Facelift in the local market.

World Bank and Islamic Development Bank join forces to boost MENA region

This collaboration is poised to bring significant change to the Middle East and North Africa (MENA) region.

IMF sheds light on economic concern stemming from the on-going conflict

The ongoing Israel-Hamas conflict, now in its third week, has cast a shadow over the global economic outlook.