By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that Chinese engineers killed in a bomb blast near Karachi’s airport were negotiating with the government to restructure billions of dollars in energy debt, a crucial step to ease the country’s power tariff burden.
By Staff Reporter
ISLAMABAD: – Pakistan expects to sign agreements worth around $2 billion with Saudi Arabia later this month, Prime Minister Shehbaz Sharif announced on Tuesday, as the country seeks to bolster its struggling economy.
By Staff Reporter
KARACHI: Pakistan’s foreign exchange reserves surged to $10 billion, sufficient to cover two months of imports, after receiving the first $1.03 billion tranche of the International Monetary Fund’s $7 billion Extended Fund Facility.
By Staff Reporter
ISLAMABAD: The trade deficit expanded 4.2 percent to $5.44 billion in the first quarter of the fiscal year 2024-25, driven by a 10 percent jump in imports, official data showed on Wednesday.
By Staff Reporter
ISLAMABAD: The consumer price inflation slowed to 6.9 percent in September from 9.6 percent in August, its lowest level since January 2021, as easing food and fuel rates helped tame price pressures, official data showed on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan cut fuel prices by 0.8-2.2 percent on Monday, the fourth consecutive cut since July 30, as global petroleum prices continue to fluctuate.
By Staff Reporter
ISLAMABAD: Pakistan’s GDP growth surged to 3.07 percent year-on-year in Q4 FY2023-24, exceeding forecasts, with the National Accounts Committee (NAC) revising its full-year estimate to 2.52 percent from 2.38 percent on stronger agricultural and services growth.
By Staff Reporter
ISLAMABAD: The Federal Board of Revenue (FBR) has pushed back the deadline for filing income tax returns by two weeks to Oct. 14, as it struggles to meet its tax collection targets, already facing a shortfall of Rs87 billion in the first quarter.
By Staff Reporter
ISLAMABAD: Pakistan’s tax return filers have surged by over 100 percent to 3.2 million, Finance Minister Muhammad Aurangzeb said Sunday, as the government steps up efforts to widen the country’s narrow tax base and shore up its fragile economy.
By Staff Reporter
ISLAMABAD: Pakistan’s economic recovery remains fragile, with the International Monetary Fund warning of persistent vulnerabilities and structural challenges that require sustained reform efforts.
