By Staff Reporter
ISLAMABAD: The IMF is yet to disclose the exact size of the renewed loan programme though it did mention in its Memorandum of Economic and Financial Policies (MEFP), handed to Pakistan early on Tuesday, about extending its time frame.
By Staff Reporter
ISLAMABAD: Ishaq Dar, the former and believed by some to be the de facto finance minister is said to be coming home in July 2022 to first win a court battle and then join the federal cabinet to replace Miftah Ismail, the incumbent economic executive, it is learnt.
By Staff Reporter
KARACHI: Multinational companies’ (MNCs) profit and dividends on their investment rose by 6.95 percent in the first 11 months of current fiscal year, the central bank data showed on Monday.
By our correspondent
ISLAMABAD: The government on Monday signed a debt service suspension agreement with France amounting to suspension of loan worth $107 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has tacked together a powerful new panel that brings together federal ministers, lawmakers, and business tycoons to join heads for the promotion of commercial activities in the country, a statement said on Monday.
By Staff Reporter
ISLAMABAD: Inflationary fires are set to get worse as the government is weighing slapping Rs10/litre Petroleum Levy on fuels from July 1 as the IMF insists it is critical to cut a staff-level deal for the resumption of a suspended loan, Independent Pakistan has learnt.
By Staff Reporter
ISLAMABAD: A candid exchange over Twitter involving Finance Minister Miftah Ismail was reported here the other day as “a rare peek” into his approach to budget making. It turns out such peeks are anything but rare.
By Staff Reporter
ISLAMABAD: Pakistani authorities are expecting the International Monetary Fund (IMF) to share a draft Memorandum of Financial and Economic Policies (MEFP) in the next 24 hours, paving the way for a staff level agreement within this week.
By Staff Reporter
ISLAMABAD: The central bank and at least four commercial banks on Saturday challenged a ruling of the Federal Shariah Court (FSC) for the abolishment of interest in the Supreme Court of Pakistan, seeking apex court’s guidance on Riba free economy in the country.
By Staff Reporter
ISLAMABAD: Mustering the much-needed courage, the government on Friday levied a super tax on big-earners to raise extra Rs466 billion, enabling itself to chase a higher tax target of Rs7.470 trillion to reclaim the IMF loan ditched by the last government.
